START-UP MOVEMENT IN LATVIA
DOI:
https://doi.org/10.17770/iss2019.5260Keywords:
industry, start-up, support programms,Abstract
New enterprise also known as start-up ecosystem is evolving very fast in Latvia. According to the data which is shown by LR Ministry of Economy, Latvian Association of New Businesses, in January of 2019 has been registered 418 new enterprises and about 150 ideas are in stage of development. Since 2012 start-ups in Latvia have attracted investments over 303.3 million euro. New businesses in Latvia generally are employing 2635 people. Since 2012 until 2018 new businesses in the budget have paid off more than 34.1 million euro. 32% of new enterprises are working in digital technology, 9% in artificial intelligence and big data, 9% creates technology and robot, 7% in finance technology areas. So far, there have been 12 sales cases in the field of Latvian start-ups. The impact of new businesses on the economy is growing and in the past years Ministry of Economy has worked on a collaborative model between ecosystem representatives and public sector, and also on the support tool development for new enterprises.Downloads
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