Who will be able to receive funding
Acceleration funds will be awarded to innovative, economically viable companies and enterprises in an early stage of development
Pre-seed money funding will be granted to
- micro and small enterprises and agricultural services cooperatives, who have benefited from the services of the acceleration programme
- companies whose pre-seed investment entrepreneurship project is based primarily in Latvia
- companies registered in the Commercial Register who started their business activities, including activities outside Latvia, no more than three years ago
Seed money funding will be granted to
- micro, small and medium-sized enterprises and agricultural services cooperatives, who have received pre-seed funding from the acceleration programme
- companies acting primarily in the European Union; however, at least 50% of the seed money investment will be given to companies primarily conducting business in Latvia
Funding will not be granted to
The following businesses and sectors:
- gambling and betting
- trade in alcoholic beverages, weapons and ammunition
- real estate operations, including the purchase of developed and non-developed land
- manufacturing, processing and marketing of tobacco and tobacco products
- investments in airport infrastructure, unless they are related to environmental protection, discontinuation of nuclear power plant exploitation, or building
- investments to reduce greenhouse gas emissions, unless redirected to facilities used for research, development and testing of new products and processes
- activities connected with exports to third countries or member countries (support directly linked to the quantities exported, the establishment and operation of a distribution network or other current expenditures related to export activities)
- support granted on the condition that domestic goods are used instead of imported goods
Acceleration funds will not be granted to a company if:
- its economic activity is terminated
- the criteria for initiating insolvency proceedings are met
- insolvency proceedings have been pronounced by a court judgement, or if a legal protection process or an out-of-court legal protection process is being implemented
- it finds itself in financial difficulty
Contact acceleration funds for more information
Acceleration funds
Contact us for more information
ALTUM Specialists

PlayGineering, Ričards Fomrats

SONARWORKS,Helmuts Bēms

Akcelerācijas fonds - Komercializācijas Reaktors

Akcelerācijas fonds - BuildIt Latvia

Akcelerācijas fonds - Overkill Ventures

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Loan
Loan To Start A Business
For future entrepreneurs and newly established enterprises
Micro Loans
For micro enterprises and individual merchants
Loans for Business Angels Co-financed Projects
For business start-ups, small and medium-sized enterprises
Seed and Start-Up Venture Capital Programme
For innovative business start-ups with high growth potential
Social Entrepreneurship Programme
For social entrepreneurship start-ups, social enterprises