Latvian Technological Center (LTC) is an innovation and technology-oriented business support structure – business acceleration centre, which stimulates establishment and growth of knowledge-based SMEs by creating relationships between research and industry as well as encouraging SMEs for trans-national cooperation. Year of the foundation – 1993.

The main objectives of LTC are the following:

  • To fill the gap between institutions of higher education and research and industry;
  • To promote foundation of small and medium sized enterprises for production of technology-based and high-tech products;
  • To create contacts between industry and research laboratories;
  • To promote international economic and scientific collaboration for development of competitive products;
  • To create jobs for highly-qualified craftsmen and researchers;
  • To promote the formation of society open to innovation.

LTC was founded by Riga Municipality, Latvian Academy of Sciences, Institute of Physical Energetics and Latvian National Quality Association. LTC management is supervised by board, whose members are appointed by the founders which are state owned organizations and regional government.