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Entrepreneurship in Latvia
Entrepreneurship in Latvia
Entrepreneurship in Latvia
Latvia has a growing startup ecosystem, offering a business-friendly environment, low tax rates, and strong digital infrastructure. The country is a leader in fintech, AI, and deep tech, with government-backed initiatives supporting innovation. Riga, the capital, is the center of Latvia’s startup scene, home to incubators, accelerators, and international tech events. Daugavpils, with its strategic location, is also fostering a small but emerging entrepreneurial community. With easy access to EU funding, a skilled workforce, and a growing network of investors, Latvia is an attractive destination for startups looking to expand in the Baltics and beyond.
Latvia has a growing startup ecosystem, offering a business-friendly environment, low tax rates, and strong digital infrastructure. The country is a leader in fintech, AI, and deep tech, with government-backed initiatives supporting innovation. Riga, the capital, is the center of Latvia’s startup scene, home to incubators, accelerators, and international tech events. Daugavpils, with its strategic location, is also fostering a small but emerging entrepreneurial community. With easy access to EU funding, a skilled workforce, and a growing network of investors, Latvia is an attractive destination for startups looking to expand in the Baltics and beyond.
Explore Founders in the Cities of Latvia
Latvia founders in numbers
The cofounder landscape in Latvia shows key patterns in startup activity and founder backgrounds. Among entrepreneurs in this region, 49% are exploring startup ideas, while 51% have committed to specific ventures. This mix of early-stage ideation and established projects shapes the Latvia startup community. Demographic insights about Latvia cofounders reveal a median age of 28.5, with an average of 33.1. The 25-32 age group makes up 40.4% of cofounders in Latvia. These age groups bring varied experience levels to the Latvia cofounder network. Skills and expertise among Latvia cofounders show 46% with technical backgrounds in engineering and technology fields, while 54% bring business expertise in marketing, operations, and product management. This blend of abilities enriches the Latvia startup ecosystem and creates potential matching opportunities. Popular industries for Latvia cofounders include Sports, Virtual Reality, Mobility and Food. Many cofounders in Latvia also speak multiple languages, adding global perspectives to the local startup scene.
Commitment Type
More than (49%) of Foundersbase founders in Latvia, are exploring startup ideas, while (51%) are committed to an idea.
Age
The median age of Foundersbase founders in Latvia is 28.5, while the average is age 33.1 with a maximum in the group of founders aging 25-32.
Type of Founder
About (46%) of Foundersbase founders in Latvia are technical (Engineering, AI/ML), while (54%) are non-technical (Product, Marketing, Operations).
Top industry interests
Discover the industries that Foundersbase founders in Latvia are most passionate about.
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