European best destinations 2024 - Riga

Riga startup eco-system support program

The Riga Investment and Tourism Agency (hereinafter - the Agency) announces another competition in the Riga startup ecosystem support program!

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 annual competition REGULATIONS 

Important!

The program's planned budget for 2025 is EUR 200,000. The exact budget amount will be determined after the approval of the municipal budget. Similar to previous years, the maximum support for implementing one activity is 20,000 Eur. We invite all those interested to apply for the informative seminar (https://bit.ly/4gdrexV), held on January 7, 2025, at 11:00 in the MS Teams environment. During the seminar, the representatives of the Agency will provide information about the competition procedure and answer questions related to the conditions of the competition.

52. The recipient is obligated, within 1 month after the last implemented activity, but no later than February 1, 2025, to submit a report to the Agency (including invoices and payment orders) on the use of co-financing to achieve the objectives stated in the application and an evaluation of the achieved goals. This includes:

52.1. A description of all activities and the recipient's overall assessment;
52.2. The number and structure of participants during the implemented activities;
52.3. Evaluation of the reached audience;
52.4. Involvement of internationally recognized experts;
52.5. Results of the advertising campaign;
52.6. Feedback from the most crucial target audiences;
52.7. Recommendations for improving the program's operations in the future, etc.

REMINDER THAT IF THE BENEFICIARY OF THE SUPPORT IS REGISTERED AS A VAT PAYER, AMOUNTS WITHOUT VAT ARE INCLUDED IN THE REPORT, AND THE AMOUNT OF SUPPORT WILL BE CALCULATED WITHOUT VAT!
IF THE BENEFICIARY IS NOT REGISTERED AS A VAT PAYER, THE REPORT SHALL INCLUDE GROSS AMOUNTS.


Contacts 

Mārtiņš Pakalniņš, tālr. +371 27897357, e-pasts: martins.pakalnins@riga.lv

 

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