Services of business incubator

Valmiera Business and Innovation Incubator provides more than 20 different support services and consultations to help startups develop.

Infrastructure services:

• Premises rent and management
• Legal address
• Internet and telecommunications services
• Secretary services

Basic services:

• Accounting services
• Legal services
• Recruiting services
• Business plan preparation and evaluation services
• Sales and marketing consulting services
• Attraction of additional funding and different support instruments
• Cooperation at local and international level

Specialized services:

• Technology consulting services
• Market research services
• Patenting services
• Use of laboratory equipment
• Testing and certification services
• International marketing and export promotion consulting services
• Seed capital
• Quality management systems implementation services
• Product market positioning and design consulting services
• Integrated marketing consulting services
• Specific legal services

Support intensity

Joining business incubator means definate support intensity will be granted to the new incubatee. In other words a specific discount to all services and consultations received during incubation period:

• 1st year from 55% to 85%
• 2nd year from 35% to 60%
• 3rd year from 15% to 40%
• 4th year up to 10%

Support intensity amount and changes are dependant on company age, operation duration in the incubator, as well as results from operations – the more active and successful company is, the higher support intensity will be granted.

Higher support intensity will be granted to companies that fulfill the following criteria:

• The company is younger and it operates in the incubator for a shorter time
• The growth potential of the business has been rated higher
• The company generates better business results (amount of new work places created, turnover growth, tax amount)
• The company operates in one or more prior fields
• Annual turnover growth is 50% comparing to previous year
• Company has created and launched at least one new product that has to be patented
• Export turnover reaches 40% of total turnover