From 31st July to 20th August, the application process is open for every resident of Latvia willing to take part in the pre-acceleration program “Innovation Academy” and gain up-to-date knowledge regarding starting an innovation-based business. It is planned to enroll up to 200 participants in the new season of “Innovation Academy”.

“The primary goal of the “Innovation Academy” is to identify promising entrepreneurs and assess the commercial potential of their ideas. Additionally, the program aims to assist participants in developing projects that are attractive to potential investors. The ultimate objective is for the program’s graduates to create new products with high-added value and generate new job opportunities, particularly in sectors with high levels of productivity,” explains Andrejs Berdņikovs, Head of LIAA Technology Business Centre.

The aim of the program implemented by Riga Business School (RBS) is to stimulate young specialists, develop companies and implement globally competitive business projects that could become the driving force of the economy of Latvia. To apply to the “Innovation Academy”, from 31 July to 20 August, please visit program’s website


You can gain more information about the program offer on 15 August this year at the online presentation event in the Riga Business School (RBS) Facebook platform. During the presentation, Viesturs Sosārs, “Innovation Academy” Program Director and Riga Business School Entrepreneur in residency, and Jānis Altgauzens, Program Manager, will provide updates on the upcoming pre-acceleration phase and give answers to the frequently asked questions.

By participating in the free training program, individuals will have the opportunity to enhance their knowledge under the guidance of internationally recognized lecturers and experienced mentors. The program consists of a six-week training phase, followed by an additional 18-week period of ongoing work with teams of new entrepreneurs.

This upcoming season marks the third edition of the “Innovation Academy.” In the previous year, 150 participants actively engaged in the program, and 33 teams successfully completed it. Throughout the program, these teams worked on developing innovative products and solutions in diverse fields, including green technologies, audio technologies, health technologies, education, advertising, and financial technologies.

One of the success stories from the second season is the health tech project “Fungo”. In the short time of its existence, the project team has gained significant success, receiving several awards at Europe’s business festival. Keita Augstkalne, the co-founder of the project team, talks about the benefits of the program: “Studies at the “Innovation Academy” has been a significant turning point to make our team bigger, stronger and also develop our idea further. Support of the mentors has allowed us to validate our solution, study various paths of growth and create a realistic plan for further development.”

“Innovations are very important to promote the potential of globally influential companies. Our task is to identify upcoming entrepreneurs and help them to prepare investment-ready projects, timely testing the commercial viability of their projects. In order to participate in the “Innovation Academy” program, you don’t need a fully formulated and clear idea, but you need a willingness to work on it,” emphasized  Viesturs Sosārs, Program Director and RBS Entrepreneur in residency.

Join the “Innovation Academy”, submitting your application from 31 July 2023 to 20 August 2023. You can find more information and updates in the program website

“Innovation Academy” program is developed, organized and managed by the Riga Business School as the structural unit of Riga Technical University in cooperation with the LIAA Technology Business Centre. The program is implemented with the support of European Economic Area (EEA) and Norway Grants. Project no. 10.1-2-L-2021/5.

Let’s work together for a competitive Europe!

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