New Products

New Products

Ministry of Economics

Fund

Recovery and Resilience Facility

Total Project Funding

47 663 651 EUR

Beneficiary

Funding recipients: legal entities – limited liability companies (Ltd.) or associations.
Cooperation partners / final beneficiaries: micro, small, medium-sized and large enterprises, including state-owned enterprises, as well as research and knowledge dissemination organisations

GENERAL PROJECT INFORMATION

The objective of the investment is to develop innovative, high value-added products and to promote their export; to increase research and development expenditure in the business sector; to foster cooperation between the business and research sectors; and to encourage the involvement of Latvian companies in international networking platforms and international research and development projects through targeted public investment.

TARGET AUDIENCE

Micro, small, medium-sized and large enterprises, as well as research and knowledge dissemination organisations.
Support is available in the form of grants of up to EUR 5,957,956 per competence centre. For each cooperation partner, support may not exceed 25% of the approved funding allocated to the funding recipient.

PROJECT PROGRESS INFORMATION

As of 16 January 2026, support has been granted to 8 competence centres and 139 research projects amounting to EUR 39.5 million, leveraging private investments of EUR 27.6 million.

Supported Projects

Project No.

Applicant

Project Title

RRF Funding (EUR)

5.1.1.2.i.0/2/24/A/CFLA/002

SIA “ETKC”

Support for research and internationalisation within the Energy and Transport Competence Centre

5,957,956

5.1.1.2.i.0/2/24/A/CFLA/004

SIA “VMKC”

Support for research and internationalisation within the Smart Materials Competence Centre

5,957,956

5.1.1.2.i.0/2/24/A/CFLA/005

SIA “Pharmaceutical, Biomedical and Medical Technologies Competence Centre”

Support for research and internationalisation within the Pharmaceutical, Biomedical and Medical Technologies Competence Centre

5,957,956

5.1.1.2.i.0/2/24/A/CFLA/001

SIA “Forest Industry Competence Centre”

Forest Industry Competence Centre

5,957,956

5.1.1.2.i.0/2/24/A/CFLA/003

SIA “LATVIAN FOOD COMPETENCE CENTRE”

Latvian Food Competence Centre – New Products

5,957,956

5.1.1.2.i.0/2/24/A/CFLA/006

SIA “LEO RESEARCH CENTRE”

Latvian Electrical and Optical Equipment Manufacturing Industry Competence Centre

5,957,956

5.1.1.2.i.0/2/24/A/CFLA/007

SIA “IT COMPETENCE CENTRE”

Information and Communication Technology Competence Centre for Research

5,957,956

5.1.1.2.i.0/2/24/A/CFLA/008

SIA “MECHANICAL ENGINEERING COMPETENCE CENTRE”

Support for Research at the Mechanical Engineering Competence Centre

5,957,956

ELIGIBLE ACTIVITIES WITHIN THE INVESTMENT

Within the scope of the investment, the following activities are eligible for support:

  • activities carried out by cooperation partners within research projects to develop new or significantly improve existing products, services, and technologies in smart specialisation areas, including:

    • implementation of industrial research;

    • implementation of experimental development;

    • implementation of technical and economic feasibility studies with a total value exceeding EUR 250,000;

  • coordination of research projects organised by the funding recipient, including fostering cooperation, sharing information and knowledge, and covering project management costs.

PROGRAMME TARGET

Investments are to be implemented by 31 December 2027. The target to be achieved within the programme is the approval of commitments of at least EUR 42,876,411 from the total funding by 30 June 2025.