Viesturs Zeps

Investment and Development Agency of Latvia · Investment Project Department

Within the last two decades business incubators (BI) have become an important entrepreneurship policy tool in Central and Eastern Europe and in Latvia in particular. Usually business incubation is a process of nurturing and developing new business ideas into an expanding and sustainable company. Incubation culture is often misperceived to serve on...

Within last two decades business incubators (BI) have become an important policy measure in Central and Eastern Europe and Latvia in particular. Usually business incubation is a process of nurturing and developing a new business idea and helping businesses to grow and survive. The incubator itself is an environment, either virtual or real, within w...

Current expectations about creation of new innovative firms include more often references to the need of new methods or new strategy. Small and medium size enterprises (SMEs) form a backbone of European as well as Latvian economy. Policies at various levels have declared the fostering of new innovative SMEs as a top priority, while only few effecti...

Modern term "Business Incubation" is defined as actively creating a nurturing, instructive, and supportive environment for selected ambitious businesses in the early stages of development and emphasizes the need for selection and graduation policies (UK Business Incubation, http://www.ukbi.co.uk/). Usually it is a process of nurturing and developin...