© LMT

Supporting innovations in the priority areas

To build a more supportive environment for businesses in the defined priority areas, Latvia combines the triple helix (industry-research-state) innovation model with a bottom-up approach.

Here’s how it works:

First, the challenges hindering the development of these sectors are defined through close cooperation between specialized industries, research institutions, and state representatives. Then, we come up with a detailed strategy to remove the defined obstacles, as well as introduce new support mechanisms.

 

#1

most innovative country in the Baltics by Bloomberg

6%

of the country's GDP is contributed by the ICT sector

7

5G testbeds across the country

Smart sectors we focus on

ICT

Information and communications technologies (ICT) main subsectors include telecommunication technologies, software and cloud solutions, artificial intelligence (AI), IT support, automation & robotics

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Smart materials

Smart materials, technologies, and engineering system main subsectors include functional materials for photonics and electronics, thin layers and coatings, energy harvesting and storage, and smart materials equipment, devices & systems

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Biomedicine

Biomedicine, medical technologies, and bio-pharmacy main subsectors include personalized medicine, translational medicine, environmental health, digital health technologies, and smart health systems

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Smart energy

Main subsectors include wind energy, Combined Heat and Power (CHP), hydroelectric energy, component manufacturing for the energy industry

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Knowledge-intensive bio-economy

Main subsectors include woodwork, sustainable fisheries, and sustainable agriculture

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