Startup law had initially been created in 2017 to ease the financial burden and help startups grow fast. However, in a total of four years, only five companies have qualified to the criteria that the law had initially stated. Based on research that was conducted in 2019, only 14% of startups could qualify for support. After a long period of discussions with entrepreneurs and stakeholders of the industry, amendments to the startup law had been approved by Saeima on September 3rd, 2020. [1]

Previously it was possible to apply for the support one time, however, now that has been changed…

After the turbulent first months of the year, startups are bracing for both opportunities and uncertainties. Latvian Startup Association “Startin.LV” joined forces with local startups and investors and summarised learnings that helped other companies weather the storm.

Here are 9 practical tips you can apply to your startup today!


1. Reducing salaries

Reducing salaries is a difficult move because it both directly impacts the employee’s income and decreases the company’s morale. …

On March 26, Latvian Startup Association “Startin.LV” with the support of the Ministry of Economics hosted a workgroup session various with founders and investors: Janis Rozenblats (Chairman of the Board of “Startin.LV”, Founder of Mailigen), Agnese Veckalne (Head of Operations of Edurio), Diana Lace (CEO of “Startin.LV”), Petr Antropov (Co-founder of Lokalise), Andris K. Berzins (Managing Partner at Change Ventures), Artis Kehris (Co-founder of Printify) and Renats Lokomets (Strategic Partner of Venture Faculty).

The topic of the discussion was “Ecosystem value proposition” to further shape the priorities of the Latvian Startup Association and other ecosystem stakeholders.

Key takeaways:

  • Development of…

Riga Venture Summit 2020, which aims to promote cooperation between representatives of the Baltic startup ecosystems and to exchange of experience in the field of startup policy with a view to promoting the necessary changes at the national level, will be held in Riga in the middle of February. This year, the event focuses on attracting and retaining talent and a highly skilled workforce in the Baltic technology and startup industry, as well as in economics.

Riga Venture Summit 2020
Riga Venture Summit 2020

The event will be held for the fifth time and is organized by the Latvian Startup association with the support of the Ministry of…

On January 9, the board of Latvian Startup association “Startin.LV” hosted their first workgroup on the topic “Talent acquisition, education, and retention challenges and solutions for the Baltic States”. The workgroup brought together the driving forces of the Latvian startup community and members of “Startin.LV”. The identified issues will be further discussed at the Riga Venture Summit 2020 organized by “Startin.LV” on February 19.

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The population of the Baltic states is just over 6 million, but when it comes to the availability of a qualified workforce, this region may look more tempting than some other European countries. As indicated by…

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Entrepreneurship is a tough game from day one. From finding your first paying customers and attracting investors to scaling, hiring and expanding to other markets — building a business comes with a lot of challenges.

But here’s the good news:
In Latvia, there are several state-provided support mechanisms to help you start and grow your company. No matter what stage your business is at — either just in the idea phase or already up and running and ready to conquer the world — in this article, you’ll find the help needed.

Looking to expand your knowledge? Want to take your…

As a small nation of less than 2 million people, Latvia can take pride in many things. The backhand of Anastasija Sevastova, all 2.21 meters of Kristaps Porzingis, a profound song and dance culture that unites hundreds of thousands, and even providing WiFi on Mount Everest to name a few.

Latvia without a doubt has proven itself not only as the land that sings, but the land that lives and breathes technology and innovation. After all, Minox, the microscopic camera used by spies during the Second World War, was also invented in Riga, Latvia.

Fast forward to today, Latvia has…

Latvia is often chosen as the starting point to reach the European market — and for many reasons.
It’s a member state of the European Union and the eurozone which means free mobility of goods and labor. In addition, Latvia boasts the largest air transportation hub in the Baltics — the Riga International Airport, which offers more than 100 direct flight destinations.

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The Quality of Life index is also comparatively high with low cost of living and a high safety index. The locals are welcoming and so is the economic situation in Latvia. The state has made it clear through…

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We gathered a list of the best startup opportunities for May/June 2019, that offers a variety of competitions and accelerators for startups in Europe!

🚀 Competitions, incubators and accelerators

1. Elevate: The Growth Accelerator
About: a free virtual accelerator 4 week program consisting of eight 1-hour sessions designed to help early-stage startups learn the principles of inbound marketing and create a growth playbook tailored to the needs of their customers. Apply now- Elevate is completely free.
Where? 100% virtual.
More info
💡Deadline: May 26th

2. Copernicus Incubation Industry: 4.0, mobile and digital, environment protection, management of urban areas, regional and local planning, agriculture, forestry…

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Welcome to our list of the best startup opportunities for March/April 2019, offering variety of great competitions, accelerators and events for startups in Latvian and beyond! Are you ready to accelerate your startup to the next level?

🚀 Competitions, incubators and accelerators

1. PowerUp! 2019 competition
Industry: energy, cleantech, mobility, cybersecurity and smart city
Prize: financial awards up to 50 000€ and an opportunity of 150 000€ investment
💡Deadline: March 18th & APPLY!

2. EIT Health VentureLab accelerator
Industry: health care related startups that have developed an MVP
About: 6 month training & mentoring program
💡Deadline: March 13th!
More info:

3. E-Boat Bootcamp About…

Latvian Startup association “Startin.LV”

Uniting Latvian startup ecosystem around common values. We promote Latvian startup scene, connect it to the World & represent its interests!

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