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Mar
07
2017

Latvian Startup Association Launches the First Latvian Startup Magazine

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Latvian Startup Association Startin.LV in cooperation with Accenture Latvia has published the first and so far, the only printed magazine on Latvian startups called Start in Latvia. Go Global. The publishers plan to issue the magazine on a yearly basis, as a printed informative material on current events in the startup environment of Latvia. The magazine is also available online at the Startin.LV website here.  The printed version is primarily intended for distribution at various international fairs and events.

The first issue of the Start in Latvia. Go Global. magazine first became available to the participants of the Riga Venture Summit. The magazine presented schematically summarized information for potential investors in order to get into the core of the investment environment of Latvia and its specific conditions. The magazine also serves as a guide for startups looking to start their own business here.

Latvia's offer to international entrepreneurs is defined in the #StartinLatvia Welcome Pack The welcome pack includes all the privileges set by the Startup Law, including simplified visa procedures for entrepreneurs, planned to enter into force in summer of 2017.  This year three accelerator funds with a total amount of 15 million euros will be made available to startups. Later in 2018 two risk capital funds for seed capital and two business-growth capital funds with a total available amount of 60 million euros. In the near future Latvia is ready to support the granting of innovation vouchers providing 60% state co-financing for R&D and product testing. Additionally, the startup projects receiving funding from “business angels” are also eligible for the same share of state co-financing.

The magazine collects the information on all currently known startups in Latvia, the main participants of the startup ecosystem and most notable events. Comments on the subject have been provided by Mr. Arvils Ašeradens, the Deputy Prime Minister and the Minister of Economics of Latvia, and the main promoters of the startup environment and active members of the association: Mr. Andris K. Bērziņš, the founder of the TechHub Riga coworking space, Mr. Daniels Pavļuts, the former Minister of Economics and Mr. Nikolajs Adamovičs, the founder of the Commercialization Reactor and the promoter of Latvian scientific startup projects. A great deal of content in the magazine consists of opinions on advantages and characteristics of the ecosystem by the representatives of local startups.

The next issue of the Start in Latvia. Go Global. magazine will be publish in the beginning of 2018. The first issue is available online on the website Startin.LV here.