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PUTTING KEYWORDS TOGETHER IN INNOVATION ECOSYSTEM

PUTTING KEYWORDS TOGETHER IN INNOVATION ECOSYSTEM. Country Report LATVIA. Kaunas, LITHUANIA May 28-29, 2015. EU FUNDING. MoE LV. Entrepreneurship and Energy Efficiency. 2014 - 2020. 764.15 m€. INNOVATION. ENERGY EFFICIENCY. 193.5 m. SME COMPETITIVENESS. 333.55 m. 237.1 m.

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PUTTING KEYWORDS TOGETHER IN INNOVATION ECOSYSTEM

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  1. PUTTING KEYWORDS TOGETHER IN INNOVATION ECOSYSTEM CountryReport LATVIA Kaunas, LITHUANIA May 28-29, 2015

  2. EU FUNDING MoE LV Entrepreneurship and Energy Efficiency 2014 - 2020 764.15 m€ INNOVATION ENERGY EFFICIENCY 193.5 m SME COMPETITIVENESS 333.55 m 237.1m Innovation vouchers 7 31 49.5 Business Incubators Technology Transfer 61.4 Access to Finance (loans, guaranties) 102,3 6.2 Living houses – 150m Public buildings – 97.8m Industrial buildings–32,5m Advanced heating systems – 53,2m Centers of Competence Clusters 21,7 Industrial zones 4.8 20 Innovation Motivation Technology Acceleration 31,8 29.9 Foreign markets Training 45 Venture Capital

  3. TRL 7 Products ready formarket TRL 1 Applied research TRL 6 Prototyping TRL 5 Tehnologydemonstra-tion TRL 2 Feasibility studies TRL 3 Technology validation in laboratories TRL 8 Implemen-tation TRL 4 Technology validation in operation INNOVATION SUPPORT PROGRAMMES Centers of Competence and Innovation Vouchers Technology Transfer Platform • Financial instruments to support implementation of new products and technologies MoE LV

  4. REGIONAL BUSINESS INCUBATORS 2015-2020 Objective – support establishment of new viable and competitive companies and creation of new jobs - EU funding - 25 mil. € • Maximum for each planning region 5 mil. € • Duration - 5 years • Public procurement • Tender for each region • One incubator in the region (regional branches are permitted) MoE LV

  5. MoE LV

  6. INDICATIVE FINANCING SCHEME • Operation management - 1,7 mil. € : • Direct and indirect administrative costs not related to incubation services - 0,5 mil. € • Incubation services provided by the operator - 1,2 mil.€ • Pre-incubation - up to 1 mil.€ • Incubation services provided by external experts - 2 mil.€ • Incentive bonus for the operator – up to 0,3 mil. € • 10 k€ for each new successful company over requested 20 • Salary tax paid by incubatees in the certain taxation period exceeds the amount of the received support MoE LV

  7. GREEN INDUSTRY SUPPORT PROGRAMME NorwegianFund (Innovation Norway) Total – 12.6 m EUR (11,3 m € - NO; 1.3 m€ - LV) Duration – Sept.1, 2014 - March 31 ,2016 • 3 programmes: • GreenIndustry Innovation Center (Incubator) – 2.0 m € • SmallGrantScheme (10 – 140 k€) - 1.8 m € • OpencallforimplementationofGTs – 7.7 m € • 2 activities: • Bilateralcooperation – 0.3 m € • Programmemanagement – 0.8 m €

  8. GreenIndustry Innovation Center (Incubator) • Selected operators – RTU, LU (LV) and SIVA (NO) • Supportedactivities • Research • Prototyping • Testing Goal – 15 newcompanies • Actions: • Consultations • Marketresearch • Developmentofbusinessmodels • SmallGrantschememanagement • Pre-incubationactivities (at least 70 potentialbusinessideas) • Managementof ~ 1800 m2 space

  9. Bootstrapping The term comes from the German legend of Baron Münchhausen pulling himself out of the sea by pulling on his own bootstraps. Definition:“The act of starting a business with little or no external funding” R.Bendis, USA, Baltic Dynamics 2013, Riga, LATVIA

  10. Michael Eisner “There’s No Good Idea that Can’t Be Improved U”

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