Business Incubation Aid

Business Incubation Aid is part of the Innovative Entrepreneurship Development Program for SMEs during the European Union Structural Funds 2021–2027 budget period. The program offers financial and non-financial support to young, innovative, technological, creative, and export-oriented Latvian companies to increase their viability, growth potential, and export capacity.

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Agency	LIAA
Region	EU
Country	LV
Legal form	Company
Start date	16 Sep 2024
End date	30 Sep 2024
Budget	33.31 million euros (ERDF and state budget)

Grant application conditions

Company registration	Registered in the Commercial Register of the Republic of Latvia
Company size	Micro, small, or medium-sized enterprise according to Article 2(2) of Regulation No. 651/2014
Operational time limit	Has been operating for no more than 5 years at the time of application submission
Tax debts	Tax debt does not exceed 150 euros
Company profile	Innovative, technological, exportable, or in the creative industry sector
Product/service readiness	Developed to at least the MVP level, readiness level at least TRL4/BIMRL4
Sector suitability	The business idea corresponds to the following sectors: high technology, medium-high technology, medium-low technology, food and beverage industry, knowledge-based services, or creative industries (according to Eurostat classification)
Documentation	https://business.gov.lv/en/support-programs/business-incubation-aid

Eligible expenses

Application process