EIT InnoEnergy signs memorandum of cooperation with Latvian Ministry of Economics

EIT InnoEnergy memorandum Latvia

The parties undertake to integrate existing knowledge and experience to foster innovation 

On August 23rd EIT InnoEnergy signed a memorandum of cooperation with the Ministry of Economics of Latvia aimed to ensure further partnership, by promoting the exchange of resources, knowledge and experience for new energy companies. 

EIT InnoEnergy will give companies the opportunity to participate in international competitions and conferences, in order to ease their access to international businesses.

Raimonds Aleksejenko, Deputy State Secretary of the Ministry of Economy said : 'The Memorandum of Understanding signed today will strengthen Latvia’s closer ties with the EIT InnoEnergy consortium, thus allowing both the Ministry of Economics and EIT InnoEnergy to build closer contacts, use the competences and knowledge of both parties to promote the development of new and innovative ideas . The EIT InnoEnergy accelerator, which supports the financing of new and innovative business ideas in the field of energy, was launched in Latvia  in 2017 and is considered to be a good complement to the portfolio of innovation support activities offered by the Ministry of Economics to start-ups and innovators. We hope that this cooperation will not only have an impact on policy making, but will also ensure implementation of new, innovative energy and intelligent solutions projects in Latvia.'

EIT InnoEnergy’s Hub manager in Latvia, Viesturs Zeps, added: 'a more active cooperation with the Ministry of Economics is a logical step towards the development of the energy sector, to stimulate the new business environment. The signed memorandum is a positive signal for young innovators to further develop their ideas, gain new perspectives within the framework of cooperation, network of potential clients, partners and experts at an international level. It also allows Latvian companies to access a range of international initiatives, such as new networks within the European Alliance for Batteries. The EIT InnoEnergy Innovation Ecosystem already includes more than 300 partners, including major industrial enterprises, research institutes and universities in Europe.'

In May 2018, EIT InnoEnergy also signed a memorandum of cooperation with the Ministry of Energy of the Republic of Lithuania, thus contributing to the improvement of the energy sector in the Baltic region.

EIT Regional Innovation Scheme

Latvia is one of the countries that is part of the EIT Regional Innovation Scheme (EIT RIS). EIT RIS is the EIT Community’s outreach scheme. The scheme enables the transfer of good practices and know-how from the EIT’s unique approach to boosting innovation. The EIT RIS was introduced in 2014 to share good practices and experience emerging from EIT Community activities and to widen participation in our activities across Europe


Subscribe to the EIT Newsletter to get the best of the EIT Community's news in your inbox once each month.

Do you use social media? Follow us and get updates in your news feed.