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Funding period

Showing all data for 2014–2021

Business Development, Innovation and SMEs Completed

Tech Business Centre (TBC)

Investment and Development Agency of Latvia ·Latvia

€2.1m
Grant awarded
Business Development, Innovation and SMEs
Programme
25 October 2021
Signed

About this project

<p style="text-align: justify"><span style="font-size: 11pt"><span style="font-family: &quot;Calibri&quot;, sans-serif"><span style="font-family: &quot;Times New Roman&quot;, serif"><span style="color: #000000">The pre-defined project shall contribute to the programme's outcome&nbsp;“Increased competitiveness of Latvian enterprises within the focus areas Green Industry Innovation, ICT and Welfare technology” by being a pilot project to establish a Tech Business Centre in Riga. The aim of establishing this new platform is to support and grow entrepreneurial skills, knowledge and innovative thinking in Latvian tech intensive SMEs. By providing in-depth knowledge on establishing innovative enterprises and development of a prototype of a tech intensive/innovative product or service for each beneficiary, the Tech Business Centre will contribute to increased competitiveness in private enterprises in Latvia. After the end of the pilot project phase, it is expected that the platform will serve as the basis for further knowledge and experience transfer or for continuation for similar project, new business incubators or regional innovation centres or other types of relevant support schemes with support of other financial sources when available.</span></span></span></span></p> <p style="text-align: justify"><span style="font-size: 11pt"><span style="font-family: &quot;Calibri&quot;, sans-serif"><span style="font-family: &quot;Times New Roman&quot;, serif">The project partners have the best expertise in natural sciences, engineering, medical and social sciences. Moreover, they can provide fast prototyping services in time, but also participate in the R&amp;D process by scientists and laboratories. University of Latvia will focus on expertise in natural sciences (physics, biology, chemistry, medicine, environmental sciences) including interdisciplinary expertise in biomedicine, chemical physics, biotechnology etc. RTU is the only polytechnic university in Latvia and the largest university in the country. RTU will provide expertise in engineering, social sciencs and humanities. Such competencies as expertise, scientific and technical support in medicine, public health and social sciences will be provided by Rīga Stradiņš University.</span></span></span></p> <ul> </ul>

Project partners

  • University of Latvia Project partner· Latvia
  • Riga Technical University Project partner· Latvia
  • Riga Stradins University Project partner· Latvia