New Opportunities for Latvian and International Businesses


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Written by: iiGrowth

USA and UK based company iiGrowth and the Ventspils High Technology Park (VHTP) are partnering to bring international solutions to the Latvian market. Together, we are scanning the globe for world class business partners for Latvian enterprises. The purpose of this scan is to identify new business solutions in science and research, defense, and creating new innovation and competency centers in Latvia.

There are several near term opportunities for Latvian and international businesses to form cooperative agreements.

The ERDF is sponsoring science and research projects ranging from 70-492 thousands Lats (up to 1 million USD). These are co-financing funds and project proposals in cooperation with universities must be submitted by December 14, 2009.

The network of business incubators in Latvia supports high tech companies to start business operations in Latvia, by offering SMEs qualitative infrastructure on reduced tariffs and co-financing for research and new product development.

The Investment and Development Agency of Latvia is preparing to solicit ideas/projects regarding the development of competency centers in Latvia. For example, Space, is a competency that the VHTP has already been developing for several years.

These and other focal areas are just the beginning of the new business opportunities and investment climate in Latvia. The Baltic Tiger is coming back and VHTP and iiGrowth are working together to be part of this economic resurgence. If you have an idea or capability that you would like to further explore, please contact us for a confidential consultation.

For more information please contact Ivars Eglajs (email: ivars.eglajs@vhtp.lv phone:+371 29126249) or Gustavs Plato (email: gplato@iigrowth.com or phone: 240.499.4938)


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