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For the Development of Innovative Products

For the Development of Innovative Products

Funds Latvian companies developing RIS3-priority products with loans paired with principal rebates.

ClosedALTUM — Latvian Development Finance InstitutionLatvia
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About

The ALTUM programme for the Development of Innovative Products is a combined loan-plus-capital-rebate instrument administered by ALTUM, the Latvian state development finance institution, and co-financed by the European Union through the European Structural and Investment Funds. It targets Latvian enterprises developing innovative products that align with the country's Smart Specialisation Strategy…

What this grant funds

ESIF-backed ALTUM loan of EUR 300K–5M paired with a capital rebate of up to 30% of principal for Latvian enterprises developing RIS3-priority innovative products; applications currently suspended.

Key facts
CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Rolling
Next deadlineiThe next date applications are due. Rolling means you can apply any time.Rolling
Decision timeiTypical time from the deadline to the funder's decision.—
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Grant + loan
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.70%
Funding pooliThe total budget available across all awards in this round.—
Funding analytics

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Industries

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Eligibility criteria

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Last verified: 24 Jul 2026Source: www.altum.lv