Latvian Technological center

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 has a direct cooperation links with high-tech companies and innovation related service providers in Latvia and with many of them LTC has co-operation agreements to provide advisory services on international cooperation, transnational technology transfer, marketing issues, accessing financial resources, etc. For partner companies LTC organizes brokerage and matchmaking events, stands in international exhibitions, targeted study tours to different countries. If necessary, LTC assists them in negotiations with potential co-operation partners. From industry sectors, LTC have remarkable experience working with: o Agrofood sector, mainly food processing companies, especially micro and small ones. From agro sector – biological food growers. Every year we organize Riga Food innovation booth, where we invite research and education institutions, as well as innovative SMEs to demonstrate their products/technologies/services. During this event we organize brokerage event o Automation/electronics, including apparatus building. Under this sector we also cooperate with metal- and plastic- working sectors. For these sector companies, also annually, we organize innovation stands in 2 international exhibitions, as well as brokerage events o Digital sector, cooperation with local software development companies, including game development related, digital art, XR, AI etc. We have started a new international expo and conference Game Wave Festival o Textile sector, involved but no so deep as in previously mentioned sectors, cooperation possible with ~ 120 companies o Energy sector, involved, but mainly from technology point of view, less with direct energy calculations o New materials, its complimenting sector to previously mentioned ones Our strength: • Cross industry operation, and connections with different sectors. Our total company database exceeds 1500 SMEs, as well as we have good cooperation links with neighbouring countries. • Connection with all research and education institutions, so we are not limited or bind to one particular organization. • Direct working connection with key stakeholders. • Technology and especially high technology orientation. • Prototyping network