Translated using ChatGPT service.
According to information provided by the European Digital Innovation Centers (EDIC), as of mid-December 2024, more than 1,600 digital development roadmaps have been issued, with approximately 1,900 still under evaluation. These roadmaps facilitate the allocation of grants by the Investment and Development Agency of Latvia (LIAA) for implementing investment projects. Consequently, it is expected that the available funding for support will soon be fully reserved.
To mitigate the risk of exceeding the available funding limits, applications for new EDIC digital development roadmaps will be open until February 1, 2025.
Project applications will be reviewed by EDIC on a first-come, first-served basis. Please note that if EDIC requests additional information from an applicant to issue the digital development roadmap but no response is provided within the specified period or the roadmap validity expires, EDIC may discontinue the review of the application.
Meanwhile, LIAA will continue accepting applications until all available funding is allocated. Applications will be evaluated on a first-come, first-served basis.
The Ministry of Economics, LIAA, and EDIC highly appreciate the significant interest shown by entrepreneurs in digitalizing their processes. To ensure further support for the digitalization of business processes, a new EU-funded support program for business process digitalization is planned to be launched in the second quarter of 2025. This support program has already been approved by the Cabinet of Ministers, and preparations for its opening are currently underway. The conditions of the support program can be found [here].
As is known, the Recovery Fund support program for business process digitalization was launched in 2023 to promote the digitalization of various business processes and increase productivity through targeted investments in creating higher value-added activities within entrepreneurial operations.