Latvia promoting the development of research
Development Strategy" - the "TechChill" foundation, the Riga Technical University, the "TechHub" foundation, the "Latvijas Biznesa EnĆeļu Tīkls" association, the Latvian Startup Association, For the realization of the joint strategy of the development of startups for the years 2022-2025 of private and venture capital associations. It is planned to implement such activities as international level events (conferences, seminars), individual consultations for early-stage start-ups on available investments and investor attraction sessions, etc. The implementation of the mentioned activities is essential for Latvia's regional and international development.As you know, the goal of the Startup Ecosystem Development Strategy for 2022-2025 , approved in the fall of 2022, is to promote the development of a strong and unifiedstartupecosystem, introduce activities and attract talentto startups. In order to promoteCanada WhatsApp Number Data the formation of rapidly growing technology companies orstart-upsinandthe commercialization of research products,Start-Upswas developed. Also,a temporary residencepermitof start-up companies, which allows third-country nationals to obtain the right of residence in Latvia with the aim of establishinga start-up companyand carrying out work on developing their own product and attracting investment from.
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A qualified venture capital investor. Also, financing for loans, business incubators and acceleration funds, as well as in the innovation voucher program, is available for start-ups. It is important to emphasize that the total tax payment of start-ups is more than 7 times higher than the total approved amount of state aid, which confirms the usefulness of state aid, as well as the significant fiscal effect of the companies themselves on the Latvian national economy budget in the long term. Ministry of Economy Department of Public RelationsCorruption is suffocating!
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