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• Choose an appropriate platform depending on your project (application of goods, services, or investments).
• Prepare an engaging campaign that clearly explains why the project is worth supporting.
• Offer rewards or rewards to contributors.

• Start-up program: ALTUM offers loans to young businesses.
• Business incubators: Provide support, infrastructure and sometimes seed funding.
• Innovation Grants: Support for research and development that may be available from the LIAA.

• Good credit history and financial stability.
• A business plan and financial projections should be prepared.
• Necessary security (eg property, equipment).
• Personal commitment from the owners of the company may be required.

• Networking: Attend local business events, conferences where you can meet potential investors.
• Pitch deck: Prepare a compelling presentation that lays out your business model, market potential, team and financial projections.
• Business incubators and accelerators: Join programs that offer not only support for product development, but also access to investors.
• Investor databases: Use resources such as the Startup Latvia investor directory.

ALTUM offers:

• Guarantees for loans.
• Loans at lower interest rates for small and medium enterprises.
• Investment instruments including venture capital investments.
• Support for promoting exports and strengthening international competitiveness.

Funding from EU funds is available through various projects and programmes. To access it:

• Current support programs on the LIAA or CFLA (Central Financial and Contracting Agency) websites should be researched.
• Must ensure compliance with the criteria and prepare a project application in accordance with the law.
• The project must be submitted to the competition and await the results of the evaluation.

• Government support: EU fund programs and funds from the state budget through institutions such as LIAA (Latvian Investment and Development Agency) or ALTUM (development finance institution).
• Private investors: Angel investors, venture capital funds.
• Credit: Bank credit and alternative lending platforms.
• Crowdfunding: Platforms such as Kickstarter, Indiegogo, or local alternatives.