Latvian company “Power Mining” has been producing specialized data centers for “Bitcoin” mining equipment since 2017, exporting them to clients across Europe, Africa, and North America. At the same time, the company has also developed compact home “Bitcoin” mining devices for the consumer segment, which in recent years have become its main driver of growth.
Now, the company is taking a step in a completely different direction — developing a prototype of premium mirror-glass modular homes for export. The industrial design of this product has been created with support from the innovation voucher provided by the Investment and Development Agency of Latvia (LIAA).
The company’s CEO, Kristaps Mors, notes that the administrative burden associated with using support instruments remains relatively high, which is why it is important for the company to have a dedicated person managing this process. At “Power Mining,” cooperation with LIAA and the use of support instruments is handled by Kristiāna Cirša, for whom this was the first project of this kind.
“This was our first project in cooperation with LIAA, and at the beginning the biggest challenge was understanding how to correctly fill in everything in the portal and what information needed to be submitted. At first it seemed complicated, but we quickly understood the principle — the key is to submit the information, and if something is not quite accurate, help comes very quickly,” says Kristiāna Cirša.
She emphasizes that the most important benefit was the attitude of LIAA specialists in everyday communication. “I truly want to praise the support from the staff — how patiently and empathetically they worked with us. If something needed to be corrected, we received clear feedback, made the changes, and resubmitted. That gave us confidence for future projects,” she adds.
Following their first experience with the innovation voucher project, the company has also made use of other LIAA instruments, including support for participation in international exhibitions and tax incentive programmes for business development. “With the next project, we were no longer afraid — we knew everything would work out, that we should provide information as we understand it, and then it can be aligned with the guidelines together,” Kristiāna Cirša adds.
The programme is funded under the European Union Cohesion Policy Programme 2021–2027, within Specific Objective 1.2.1 “Strengthening research and innovation capacity and introducing advanced technologies in enterprises,” measure 1.2.1.4 “Support for improving the technology transfer system.”
