Startup support law comes into force

  • 2017-01-01
  • BNS/TBT Staff
RIGA - From today, the Law on Support for Startup Operations came into force, the purpose of which is to foster the development of rapidly growing technological companies or startups in Latvia, and commercialization of research and innovative ideas, products, or processes. According to the law, a startup is a company with high growth potential, developing scalable business models and creating, producing or developing innovative products. The new law will stimulate the creation of new startups in Latvia, thereby fostering research and innovation. The goa...
 
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