Risk investment companies/ business incubators
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- Cooperation partners
- Risk investment companies/ business incubators
ALTUM cooperation with risk investment companies and business incubators
Risk investment companies
In spring of 2007, ALTUM received an offer to make cooperation with a risk capital fund „Otrais Eko fonds”, by attracting capital to the fund and the required specialists for financing new and fast growing enterprises.
As for instance, in case of recently established enterprises, there are situations, when an entrepreneur has received an ALTUM loan, tested the survivability of the business idea and developed a further development plan, implementation of which requires additional funding and probably, consulting support as well. The short company operation history and lack of collateral makes attracting additional loan funding for implementation of the idea impossible.
When a risk capital fund is addressed, it verifies the perspective of the business idea and offers to invest money funds in development of the enterprise. By attracting the fund into the company’s equity capital, the enterprise gains not only financial means, it also enjoys support of experts, increase of reputation, as well as access to the network of the fund’s contacts.
CONNECT Latvia is an organization that links entrepreneurs with the financial, technical and business development resources they need to create and develop innovative companies in Latvia. By organizing activities and offering advice, CONNECT supports and improves the opportunities for entrepreneurs and startups.
Experts from different areas of expertise contribute their time and know-how to support entrepreneurs and inventors through CONNECT activities: 1) Springboard - a panel of experts helps an entrepreneur solve the company’s problems and identify its opportunities, and gives practical advice on the actions the entrepreneur should take in order to move forward. Springboards form the core of CONNECT’s activities; 2) Meet the Researcher - a place where a leading researcher tells about his/her inventions/innovations and research in an informal atmosphere, where audience consists of entrepreneurs, companies, media and other interested people.
Bussiness incubators/ innovation centres
Since 2007 ALTUM conducts cooperation, primarily in information exchange issues, with the following business incubators:
Jelgavas biznesa inkubators - Jelgava business incubator offers the new enterprises office rooms, secretary, accounting, legal etc. business related services at subsidized prices, as well as funding attraction. Fees for services provided by the business incubator are 10% the price in the first year of enterprise operations, 35% in the second, and 70% in the third.
Rīgas Tehniskā universitātes Inovāciju inkubators- (Riga Technical university Innovations incubator) – the goal of the incubator is to increase the capacity of municipalities, universities and research institutes and promote formation and development of new innovative enterprises. Besides of facility rental to recently established enterprises, the incubator offers integrated solutions in order to gradually ripen technologic models and innovative ideas into end products of high added value.
Latvijas Universitātes Inovāciju centrs- (University of Latvia Innovations centre)- the goal of the centre is to promote cooperation between scientists of the university and enterprises both on transfer of technologies and commercialization. The innovation centres provides consultancy and expertise services for innovative enterprises.
Ogres Biznesa un inovāciju inkubators - (Business and Innovation Incubator (OBII) in Ogre Town). The aim of the incubator is to promote establishment of new electronics and electrotechnical companies and laboratories. OBII priority branches are electronics and electrical engineering, ICT and metal working, however the incubator supports also start-ups of other branches. The incubator offers the following services: adjustable small scale production, laboratory and office premises; various consultations on business plan; market research; marketing; attraction of financing; attraction of employees and training; accounting services.
Rēzeknes Augstskolas inovāciju centrs- (Rezekne University Innovation Centre)- The aim of the centre is to foster creation and introduction into production of innovative, export capable products with a high added value, to provide the engineering technologies branch in Latgale region with infrastructure for establishment and development of new companies. RIC provides various services to support the development of the companies engaged in machine manufacturing (support to the registration of the company; premises and infrastructure; secretariat and office services; development of new technologies and innovative products; services and consultations of business experts).
Līvānu Inženiertehnoloģiju un inovāciju centrs - (Līvāni Engineering and Innovation Centre (LEIC)- LEIC mission is to offer entrepreneurship support services to new companies in Latgale region (rent of business incubator’s premises, legal and bookkeeping services, office administration, a.o. services) supporting their establishment, development and consolidation. LEIC organizes different activities for youth to promote their interest in and understanding of engineering.
Ventspils Augsto tehnoloģiju parks- Ventspils High Technologies Park- VHTP was founded in early 2005 by uniting expertise and competence of its establishers - Ventspils Free Port’s Administration, Ventspils University, SIA „Industrial Investments”,“Latvian Electrical Engineering and Electronics Industry Association”, “Association of Mechanical Engineering and Metalworking Companies”, SIA „Siemens” and "Zernike Group Holding B.V.". The objective of VHTP is to perform management of the territory and physical infrastructure being under the authority of the VHTP, as well as organize activities in order to promote development of the high technology sectors – information technologies, telecommunications, electronics, engineering, industrial automation and computer aided design and space technologies in Ventspils City.
Valmiera Business and Innovation Incubator (VBII) promotes development of business in Vidzeme region by supporting entrepreneurs. During the incubation process VBII offers new entrepreneurs office premises, infrastructure and contacts as well as consultations and services of business issues. The main objective of the incubator is to create successful new companies that after the incubation are self-dependent and competitive. The business incubator helps to develop business ideas from the moment they are still in one's head until completion. Valmiera Business and Innovation Incubator operates in Northern Vidzeme - in districts of Valmiera, Gulbene and Valka.
Kurzeme's Business incubator (KBI) started its activities in 2009 and presently is operating in Liepaja, Kuldiga and Saldus. The main task of the incubator is to build successful companies that are able to work independently and are financially viable. KBI contributes to birth and growth of new commercialized ideas and companies by offering to new businessmen a qualitative infrastructure and office services, competent consultations in business development, financing and organizational questions as well as effective cooperative network to sale generated ideas, on preferential conditions.
Business incubator "Magnus" is a support institution for start-ups in Cēsis and in whole region of Vidzeme.Incubator services include both lease of premises and infrastructure-related services, and all the necessary consultative and practical help for starting a business and successful development. Thanks to EU and national support, all services are subsidized, and new enterprises for services pay significantly lower prices than it has been determined in the market. Incubator operates in Cēsis and Madona.
