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The money is given as part of the annual "Atspēriens" competition
Yesterday, 23 July, Riga City Council announced the winners of the "Atspēriens" competition which gathers proposals for technological innovations. The three start-ups each took 25 000 euros as a reward for their forward-thinking ideas.
The three winners will be able to use the funds to facilitate the placement of their ideas on the market and making them fully realized products. The winning projects were as follows:
“2020. The year has started with the global crisis, but not for the grant program “Atspēriens”, where the number of applications has doubled in 2020, thus Riga also had the opportunity to receive twice as many creative and valuable project idea applications. The grants in the amount of 25,000 EUR will serve both the interests of the start-ups and the interests of all Rigans, ” said Artis Lapiņš, Deputy Head of the Riga City Municipality Interim Administration.
“Atspēriens” began as a municipal program back in 2009 and has been organized as a competition since last year. The idea has been to show encouragement to the innovative minds of Latvia, and support for the small businesses of the future. Ever since its inception almost 10% of the participants have received some form of financial support.
What are the reasons for that and are there any possible solutions for that problem?
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