Tech Business Centre (TBC)

Project facts

Project promoter:
Investment and Development Agency of Latvia(LV)
Project Number:
LV-INNOVATION-0001
Status:
In implementation
Initial project cost:
€2,072,525
Other Project Partners
Riga Stradins University(LV)
Riga Technical University(LV)
University of Latvia(LV)

Description

The pre-defined project shall contribute to the programme''s outcome “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.

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&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.

    Information on the projects funded by the EEA and Norway Grants is provided by the Programme and Fund Operators in the Beneficiary States, who are responsible for the completeness and accuracy of this information.