IN SHORT
- Investment and Development Agency in Latvia (LIAA) Business incubation aid is available to companies that are registered in Latvia and are up to 5 years old;
- Financial support is available in the form of grants covering up to 70% of the eligible costs;
- Maximum financial support amounts up to 10 000 EUR for services, 8 000 EUR for equipment and 5 000 EUR for materials;
- Additional grants of up to 20 000 EUR are available to innovative companies for prototyping and technology development;
- Programme also offers mentoring, consultations, training and networking possibilities.
WHAT IS THE BUSINESS INCUBATION PROGRAMME?
Latvia’s Business incubation aid is designed to help companies strengthen their growth potential, especially those developing innovative, technology-driven, export-capable or creative-industry products and services. The programme combines financial support (grants) for specific development-related costs and non-financial support in the form of mentoring, consultations, training and networking.
This combination is especially valuable once a company has moved beyond the idea stage and are building market traction.
WHO CAN APPLY?
The programme is intended for micro, small and medium-sized enterprises (SMEs) registered in Latvia that have clear growth potential and meet the criteria:
- Company is registered in Latvia;
- Company is no more than 5 years old;
- Tax arrears do not exceed 1000 EUR;
- Company develops an innovative, technology-oriented or export-capable product or service;
- Company has at least a minimally viable product (MVP) or service.
The programme is particularly focused on companies with high added value, including those operating in technology, creative industries and knowledge-intensive services.
AVAILABLE FINANCIAL SUPPORT
Programme participants may receive grants to cover various business development costs. Financial support is provided with a co-financing intensity of up to 70% and may be used for the following purposes:
- Services - up to 10 000 EUR;
- Purchase of equipment or machinery - up to 8 000 EUR;
- Purchase of raw materials and supplies - up to 5 000 EUR.
Innovative companies are also eligible for additional support:
- Coverage of employee remuneration costs - up to 10 000 EUR;
- Prototyping and technology development services - up to 20 000 EUR.
AVAILABLE NON-FINANCIAL SUPPORT
In addition to financial support, the incubation programme provides a wide range of non-financial support to help companies build a sustainable business model. Entrepreneurs can benefit from:
- Business development consultations;
- Training in marketing, financial planning and product development;
- Expert and mentor consultations;
- Networking events and experience-sharing opportunities;
- Co-creation spaces and events for presenting products to clients.
This approach helps early-stage companies not only secure funding, but also develop the skills and connections needed for long-term growth.
HOW TO APPLY?
Applications for the Business incubation aid are accepted twice a year. In the current call, applications are open from 9 March to 31 March 2026. Companies can apply by submitting an application via the business.gov.lv platform or by contacting the nearest LIAA regional representation.
New companies often face a common challenge: the idea exists, but resources to develop it are limited. Business incubation aid helps address this gap by offering not only funding, but also professional guidance. In Latvia’s economy, innovation and export-capable companies are becoming the main drivers of growth. Programmes like this help build competitive businesses with global potential. Meanwhile, accounting for your company can be entrusted to Numeri - contact us to receive a personalised offer tailored to your company’s specific needs.
