Latvian Technological Center (LTC) is an innovation and technology-oriented business support structure – business acceleration centre, which stimulates establishment and growth of knowledge-based SMEs by creating relationships between research and industry as well as encouraging SMEs for trans-national cooperation. Year of the foundation – 1993.

The main objectives of LTC are the following:

  • To fill the gap between institutions of higher education and research and industry;
  • To promote foundation of small and medium sized enterprises for production of technology-based and high-tech products;
  • To create contacts between industry and research laboratories;
  • To promote international economic and scientific collaboration for development of competitive products;
  • To create jobs for highly-qualified craftsmen and researchers;
  • To promote the formation of society open to innovation.

LTC was founded by Riga Municipality, Latvian Academy of Sciences, Institute of Physical Energetics and Latvian National Quality Association. LTC management is supervised by board, whose members are appointed by the founders which are state owned organizations and regional government.

Ministry of Economics is the leading state administration institution in the field of economic policy formation in Latvia. The functions of the Ministry are to develop economic policy, organise and coordinate the implementation of economic policy, ensure international economic cooperation and perform other functions specified in external regulatory enactments. In order to ensure the fulfilment of these functions, the Ministry develops and implements structural economic policy, industrial policy, energy policy, external economic policy, internal market policy (goods and services), business development policy, competitiveness and technology development policy, consumer protection policy, construction and housing policy and other policies in the fields specified in the regulatory enactments. – base account - base account, most important about the activities of the Ministry - information on support for entrepreneurs and other current information - Ministry Photo Gallery - video on ministry spots, more with emphasis on entrepreneurs' interests

Vilnius Gediminas Technical University (VGTU) is a leading higher education institution situated in Vilnius, Lithuania. Established in 1956 VGTU is among top 2,1% of universities globally and has over 9 600 students, carries out studies across 10 faculties: Antanas Gustaitis’ Aviation Institute, Architecture, Business Management, Civil Engineering, Creative Industries, Electronics, Environmental Engineering, Fundamental Sciences, Mechanics, Transport Engineering. Research is carried out at 13 research institutes, 3 research centres and 22 research laboratories. VGTU runs 112 study programmes based on three-cycle structure: undergraduate (BSc), graduate (MSc) and post-graduate (PhD) studies, implements over 40 international research and study projects, has around 500 partner higher education and research institutions in 67 countries and around 500 business partners.