Creating a virtual business support infrastructure in Baltic countries
|Approximate total Project budget in EUR:||410 040.00|
|ERDF co-financing in EUR:||348 534.00|
|Project Duration:||12/2010 - 05/2013|
|Priority:||Encouragement of Socio Economic Development and Competitiveness of the Region|
|Direction:||1. Facilitating Business, Labour Market and R&T Development|
Summary Description of the Project:
Virtual business support infrastructure is rather new way of supporting start-ups and further development of innovative businesses in Lithuania and Latvia. Usually, physical support infrastructure for innovative SMEs is provided by parks and incubators. Nowadays in knowledge economy physical working space is less valuable than virtual networks and clusters. Virtual incubator and business information centre could be more convenient way to support start-ups in the process of transferring business ideas, challenges and innovative technologies into competitive profitable businesses that creats wealth in Latvia and Lithuania. Virtual business support infrastructure could be more efficient by providing value added network developed of opportunity sources, knowledge providers as well as directing experts. Since both regions are interrelated (joint borders, history, export and import flows, etc.) the development of virtual business support infrastructure will be done jointly in order to develop a network of innovative SMEs, foster communication, collaboration and exchange of experiences of Lithuanian-Latvian SMEs, facilitation and development of joint projects, marketing activities, events, training sessions in Lithuania and Latvia, thus will eventually have positive influence on economic development and competitiveness of Klaipeda and Kurzeme regions in Lithuania and Latvia. Foreign investors also percieve Latvia and Lithuania as one region. Project partners – Klaipeda Economic Development Agency and Ventspils Digital centre are related with incubator activities. In Klaipeda new Culture Incubator (Tabako fabrikas) for innovate and creative businesses is under development; Ventspils already developed physical business incubator. The project aims to create better opportunities for easy and low cost access to continued professional training, virtual advisory services, databases, networks, digital maping and web marketing, e-commerce services for a specific target group including students, graduates and youth with knowledge of new technologies and potential for innovativeness.