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Speaking of the roots of this Baltic startup ecosystem, Latvia jumped headfirst into the startup world following its recovery from the economic crisis. Its capital, Riga, which owns the majority of the startups, is getting more and more visible on the international scene.
In addition to that, almost every university has a dedicated in-house startup and entrepreneurship hub. Lots of great deep tech, fintech, and SaaS products are built here.
It has the right talent pool, infrastructure, investment opportunities and very strong government support.
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I could think of no better place where to start your next startup. Taken all the facts together, although there is a long way to go, Latvia emerges as a fast growing startup community with an established position in the Baltic startup scene — one of the most actively developing regions in recent years.
Latvia was one of the first countries globally to pass a Startup Law, which currently has a favorable tax regime for its startups. Moreover, the Investment and Development Agency of Latvia LIAA has 15 incubators throughout the whole of Latvia that supports the necessary environment for the set up and development of business by offering training, mentor support and grants, and organizing events on general business issues.
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Most of these organisations provide more than just financial support make money on the internet Latvia it is of key importance for the startups to choose the right source of help based on their stage and next steps. Latvian Startup associations which represent startup interests Latvian Startup association — Startin.
The platform enables startups to initiate ideas, be heard, receive support in fulfilling their needs and solving problems. Aiming to facilitate the development of the Venture Capital industry in Latvia, currently, LVCA unites 40 organisations — the majority of participants in the venture capital industry in Latvia.
Every year we hear our founders aiming for more and achieving great results.
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There are also so many advantages to start a business here, for example, low costs, easy geographical connections to talent and capital, innovative yet simplified tech solutions, and supportive government regulations. We work to present joint interests, educate society, provide consultations, and build communications channels. They work exclusively with tech product startups and scale-ups by understanding the process they go through and the needs they have at each stage. The hub supports startups across all stages of their development statistics on binary options from ideation to exit.
In addition to renting a place to work and a meeting room for up to people, the space offers exclusive apartments to stay in. Its uniqueness lies in its association with a visual art featuring a hairy humanoid confined to a cage, also called OraculeTang. Their aim is to create a better way of working by providing entrepreneurs a creative environment that fosters innovation.
The place provides an open and vibrant space for flourishing of businesses, personalities and ideas. Moreover, they have an event calendar featuring all events organised in their space.
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- By Elina Zara The panorama view of Riga, Latvia Imagine you are financially independent, you have more money than you can spend, more free time than you have now and you could spend it travelling or on your passion projects, you never have to deal with a terrible boss again who does not appreciate your work, you can do what you want when you want because you have a freedom and you get up every morning feeling excited about your work and your life.
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Mintos became profitable inand is now serving more thaninvestors globally. The startup, which was established incurrently has two offices Riga and Madrid and operates across dozens of countries worldwide.
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Founded inits goal is to eliminate the hassle of localisation by providing tools to automate, integrate, and better manage translations. Founded inthe company now employees over talented people across 6 locations.
The company started off in when two music lovers met a scientist. Its unique technology is used by more than 30 studios in over countries, including 35 Grammy winners and world-class sound engineers.