The objective of the investment is to increase the volume of private R&D investments through targeted public investments that shall promote the development of new products and technologies, as well as knowledge transfer within the economy.The investment shall create an instrument for the development of innovation clusters that would develop R&D capacity in enterprises, promote cooperation between the government, the industry and the academia in the innovation process and increase the share of innovative enterprises in the economy, thereby promoting the volume of private R&D investments and the return on public investment.The Ministry of Economics has awarded the contracts for investment projects and the projects shall be implemented by August 2026.More information can be found on the webpage of the Ministry of Economics webpage here (in Latvian). Reference2.2.1.3.Project locations Latvia
