ALTUM — Latvian Development Finance Institution logo
Program

For the Development of Innovative Products

Funds Latvian firms developing novel products aligned with national priorities through financing plus rebate-backed support.

For the Development of Innovative Products is ALTUM's financing route for RIS3-priority product development in Latvia. It sits under the state-owned development finance institution's enterprise portfolio and is currently suspended, with no new submissions being accepted.

The program pairs a loan of EUR 300,000 to EUR 5 million with a capital rebate of up to 30% of principal, capped at EUR 1.5 mil

DefenseHardwareAdvanced ManufacturingAdvanced Materials

Each grant below is a distinct funding opportunity with its own eligibility, scope, and deliverables.

Last verified: 28 May 2026Source: www.altum.lv