About program - EEZ un Norvēģijas finanšu instrumenti
Working together for a competitive Europe
All
programms
Program icon
Research and Education
Program icon
Local Development and Culture
Program icon
International Police Cooperation
Program icon
Active citizens fund
Program icon
Correctional Services
Program icon
Business Development
Program icon
Climate and Environment
Program icon
Fund for bilateral relations
Program icon
Category image
Business Development

About program

Programme operatorInvestment and Development Agency of Latvia
Donor programme
partner
Innovation Norway
Funding/GrantTotal programme grant - EUR 14 705 882:
1) including Norway Grant EUR 12 500 000;
2) national co-financing EUR 2 205 882.
Programme
objectives
Contributed value creation and sustainable growth, by promoting the competitiveness of Latvia’s SMEs and by providing
support to entrepreneurs for the development and introduction into production of new, innovative products and
technologies.
What to be achievedLatvia’s labor costs have risen faster than productivity, thus challenging the cost-competitiveness of entrepreneurs in
Latvia. As well as at the moment there is a significant lack of appropriate mechanisms to improve this business
environment. In order to achieve objectives, the programme will provide support to entrepreneurs through pre-defined
project, open call and small-scale grant schemes:
1) for development of innovative products and technologies with high added value, providing entrepreneurs with
consultations and cooperation with research institutions;
2) for development of welfare technologies, aiming to improve the integration of different groups of society by developing
tailored solutions that help to promote not only quality of life, but also safety and mobility;
3) the development of green innovation and ICT products and technologies, aiming to support the development of products
that reduce environmental impacts, promoting the digitization of businesses and the entry of modern digital solutions into
the market;
4) introducing green innovation and ICT products and technologies into the production process aiming to modernize the
development processes of new products and technologies, thereby contributing to the reduction of environmental impacts.

Subscribe to news

Receive notifications of the latest contests, news and news events in programs that are important to you!

Report Irregularities

Iceland, Liechtenstein and Norway have a zero-tolerance policy on corruption and mismanagement in the EEA and Norway Grants. We strongly encourage you to share your concerns and report suspected irregularities.