Incubation (INK) programme

Financer: Investment and Development Agency of Latvia (Ministry of Economics)
  • SILVERHUB ID: 10435

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Open Incubation (INK) programme

Financer: Investment and Development Agency of Latvia (Ministry of Economics)
Purpose: Consulting and training, networking, co-financing, publicity. The INK program lasts four years or as long as the participant has attained their development goals. INK participants are tasked with developing their products/services, as well as increasing their resources and knowledge in order to become competitive in the global market and become an exporting company. During this process, the incubator helps define the company's priorities and come to solutions for problematic situations
Terms: Incubation (INK) is meant for those companies that have been in business no longer than three years. Throughout all of Latvia there are 15 LIAA Business Incubators that implement the INK program. One of those that's located in Riga specializes in supporting ideas within the creative industry. Creative industries include architecture, design, film, performance art, visual art, music, publishing, television, radio and interactive media, advertising, gaming and interactive software, culture, cultural education, leisure, entertainment, and more. An INK participant gains access to the incubator community, co-working spaces and seminars, which are a good opportunity to expand your knowledge for the development of your business. At the same time, there's the opportunity to access the co-financing support. 50% co-financing is available for the development of prototypes and design, bookkeeping, legal and marketing services, workspace rental costs, as well as purchasing materials and equipment. Companies make use of the incubator support mechanisms in order to reach their goals faster

Tags: Business Public Funding Designing and Prototyping

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