Evaluation of Applications for the Riga Startup Ecosystem Support Program Has Concluded!
The Riga Investment and Tourism Agency has completed the evaluation of applications for the Riga Startup Ecosystem Support Program. This year, the program attracted significant interest - 17 applicants submitted a total of 29 activity proposals, requesting nearly €335,000 in funding. The submitted projects and activities covered a broad range of fields, including conferences, hackathons, training cycles, and investor attraction events, with a focus on artificial intelligence, medical innovations, climate and sustainability issues, as well as various other industries. Results are here.
The purpose of the program is to promote the growth of the startup eco-system in Riga with the help of co-financing, supporting the activities of organizations whose daily work is related to the development of startups, thus promoting the emergence of new startups and promoting the recognition of Riga as a startup-friendly city.
The total budget for the program in 2025 is €200,000. A total of 17 activities from 12 applicants received support, having passed the administrative criteria check and earned the highest scores from the evaluation committee. The assessment was based on the applicants’ experience, the scope of participants involved in the activities, the contribution to the startup ecosystem and the city of Riga, as well as the requested funding in relation to the total activity costs.
Fredis Bikovs, Director of the Riga Investment and Tourism Agency:
“This program is an important support instrument for the development of the startup ecosystem. Seeing the high level of interest, we understand that the industry needs such support, and we plan to continue the program in the future.”
The agency extends its gratitude to all applicants for their participation and invites them to stay informed about upcoming support initiatives aimed at strengthening Riga’s position as a regional startup hub.
Contacts: Mārtiņš Pakalniņš, +371 27897357, martins.pakalnins@riga.lv