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ALTUM Acceleration Funds (Latvia)

The acceleration programme (budget EUR 15 million) is allocated to innovative start-up companies for the establishment and development of business ideas, companies and products, with the aim of promoting their growth and competitiveness, especially with regards to projects with a technological and industrial focus. The Accelerator Fund provides pre-seed and seed investments either in the form of quasi-equity or loans, or also in the form of investments in the equity capital of the company, thereby becoming a shareholder and sharing both risks and revenue.

The companies receive support in 2 separate stages:

  • Pre-seed money investments, i.e. up to EUR 50,000 per company, are intended for the establishment of companies, consultations and the development, assessment and approval of the product
  • Seed money investments, i.e. up to EUR 250,000 per company, are intended for projects that have successfully completed the acceleration stage, for the development of companies, products and economic activity models

 

 

 
 
Altum
Geo coverage
Official adoption year
2016
Target group
business, innovation performers, research organizations, startups, venture capital funds, financial institutions
RIO Topic Taxonomy
Author organisation
Last update: 17/07/2018 | Top | Legal notice | Contact | Search