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Good practice Imported

Latvia Technology Park (LTP)

Latvia · Riga · See the Latvia profile · See the Riga profile

Evidence: Descriptive / self-reported Top 76% 57/100 · Ask Evidence Copilot about this practice

Founded in 1996 by 11 partners spanning two universities, national government, the city and the chamber of commerce, Latvia Technology Park is one of the Baltics' oldest bodies for turning academic research into commercial technology.

500+ start-ups
Active start-ups in Latvia's capital-region ecosystem (early 2025)
4,000+ jobs
Direct jobs created in capital-region start-up ecosystem (early 2025)
5.3 x
Enterprise value growth of ecosystem since 2019 (since 2019)
Latvia Technology Park (LTP)

Details

Maturity
Established
Promoter
Latvia Technology Park / Latvijas Tehnologiskais parks (11 founding partners incl. Riga Technical University, University of Latvia, Ministry of Economy, Riga City Council)
Period
1996-present
Region (NUTS)
LV00
Keywords
science commercialisation, technology transfer, SME and start-up support

Context

Latvia Technology Park (LTP) was established in 1996 as one of the earliest public-academic knowledge-transfer bodies in the Baltic states, founded by 11 partners including Riga Technical University, the University of Latvia, the Ministry of Economy of the Republic of Latvia, Riga City Council, and the Chamber of Commerce and Industry of Latvia.

Objectives

LTP promotes the commercialisation of science through modern technologies, supporting start-ups and the development of technological and innovative businesses in Latvia.

Activities

LTP provides management consulting, project development support, marketing assistance and partner-search services to entrepreneurs and researchers.

Results

LTP's own public materials describe its mission and founding structure in detail but do not publish company counts, jobs or investment figures for its own portfolio. As ecosystem context, Latvia's capital-region start-up ecosystem counted more than 500 active start-ups creating over 4,000 direct jobs as of early 2025, with enterprise value up 5.3x since 2019, the fastest growth among the Baltic states; notable ecosystem successes include Printful and Printify. These are ecosystem-wide figures, not LTP-attributed outcomes.

Implementation
Indicative cost
Low (< €50k) — Not published — LTP's own materials do not disclose portfolio investment or operating budget figures.
Time to results
Long (> 3 years) — Continuous operation since 1996 (nearly 30 years), one of the earliest public-academic knowledge-transfer bodies in the Baltic states.

Conditions for success

  • Multi-stakeholder partnership among universities, government ministry, city council and chamber of commerce sustained since 1996

Commonly funded by

National / regional programmes

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Data sources

Where this practice's information was retrieved from, and when.

Attachments

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