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Strong startup ecosystem
Overview of the Latvian startup ecosystem
Despite its modest size, the Latvian ecosystem radiates with vibrancy. It's composed of a diverse array of highly motivated, multilingual individuals hailing from various age groups and backgrounds—many proficient in three or more languages. The startup landscape is characterized by its dynamism and rapid expansion, with all key players collaborating to foster this growth.
At present, the Latvian startup infrastructure boasts over 400 active startups, an array of institutional investors and business angels, a diverse selection of modern co-working spaces, numerous incubators backed by government, academia, and private entities, as well as a bustling calendar packed with engaging gatherings, productive conferences, hackathons, and meetups. Notably, Latvia has introduced a distinctive Startup Law and offers a Startup Visa, or officially a temporary residence permit, to those looking to initiate their startup journey in the country.
Riga, the capital city, annually hosts a series of Tech & Innovation conferences, including the Digital Freedom Festival, Deep Tech Atelier, and TechChill. This dynamic ecosystem is further augmented by the implementation of the Startup Law and the establishment of the Startup Visa program, both of which contribute to enhancing the vibrancy and productivity of Latvia's startup landscape.
Government support
The Latvian government has particular interest and determination in boosting the development of the startup environment; therefore, the support is provided at various stages: ideation & conceptualization, initiation, development and expansion. No matter what stage you have reached – there is a support mechanism just for you!
You can find more about startups here: https://startuplatvia.eu/
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Contacts
Riga office
Address: 2 Perses Street, Riga, Latvia, LV-1442
Web: www.investinlatvia.org
For more information: invest@liaa.gov.lv
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