Posts Tagged ‘LIAA’
Latvia’s space and smart technology potential presented at EXPO Japan
In September, Latvian entrepreneurs and scientists participated in the world’s largest exhibition, EXPO 2025 Osaka, at a business conference organized by the Investment and Development Agency of Latvia (LIAA) entitled “How Innovation in the Aerospace Industry Can Promote Sustainability and Environmental Conservation,” highlighting Latvia’s expertise and innovation potential in the field of space and smart technologies.
The conference took place as part of the Expo 2025 Osaka thematic week “The Future of Earth and Biodiversity,” bringing together experts, industry representatives, academics, and students from Latvia, Japan, and other countries to seek solutions on how sustainable aerospace technologies can help preserve the environment and biodiversity.
The conference was opened by Latvian Foreign Minister Baiba Braže. In her speech, she emphasized: “Latvia’s achievements in innovation, ICT, quantum technology and other new technology fields are recognized worldwide. The geopolitical situation has promoted the development of the domestic security industry, including in the field of drone technology. Latvia also has the advantage of extensive technology testing opportunities – more and more manufacturers from our allied countries are coming to Latvia to test the latest generation of drones. We have also achieved a lot in quantum technologies – we are a “small quantum superpower” whose professors have developed algorithms that account for up to 20% of the world’s quantum algorithms. The minister also pointed out that confirmation of our companies’ achievements is also reflected in investor assessments – the investment climate in Latvia has improved significantly, and half of existing investors plan to continue investing in Latvia in the future.
Read full announcement (external link)
Originally published on 29 Sep
Read MoreLIAA digitization support program: 5.4 million euros reserved, but funding still available
Since July, when the Latvian Investment and Development Agency (LIAA) began implementing the second round of the digitalization support program, the total funding of which is 18.5 million euros, 5.4 million euros have been reserved and entrepreneurs will be able to apply for the program until the support funds are available.
“Digitalization and the implementation of artificial intelligence solutions are one of the ways to increase the competitiveness of the Latvian economy, therefore it is a special pleasure that the majority, or 4.28 million euros, of the currently reserved funds in this program are intended specifically for projects in the field of artificial intelligence. We will most likely accept applications in this program at least until the end of this year,” emphasizes LIAA Director Ieva Jāgere.
A total of 285 applications have been received in the program so far, including 66 for the implementation of artificial intelligence solutions.
Read full announcement (external link)
Originally published on 5 Sep
Read MoreLatvia Ready to Adopt Norway’s Experience in Green Hydrogen Development
Today, a study was presented regarding the role of green hydrogen in the Norwegian economy and its potential development in Latvia. Currently, Norway produces 10% of Europe’s total green hydrogen, making it the second-largest player in the industry after Germany. Latvia has also begun early-stage hydrogen technology applications in various sectors, including water transport and aviation fuel, which could potentially establish a new economic industry.
Read full announcement (external link)
Originally published on 10 Mar
Read MoreIeva Jāgere to head Latvian investment agency
The open competition for the position of director of the Investment and Development Agency of Latvia has concluded with a nod from the minister of economics to Ieva Jāgere.
Ieva comes to the position with more than 15 years of experience in corporate finance. She has led high-volume investment attraction deals and, until her appointment, worked at ALTUM, a financial institution. Additionally, Ieva is a managing partner at Callidus Capital, a financial and investment consultancy, as well as an independent member of the Internal Audit Committee at Indexo.
From 2016 to 2022, Ieva served as CEO of Callidus Capital. Prior to that, she spent more than three years as head of corporate finance at Oaklins Baltics, where she was responsible for investment attraction and deal management for various clients.
The newly appointed LIAA director holds an MBA from the Stockholm School of Economics in Riga and a master’s in international economics and business from the University of Latvia.
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