Latvian startup ecosystem is young, dynamic and united in their ambition to make Latvia one of the best startup launchpads in Europe. As the startup movement was taking the country by storm back in 2016 and 2017, the government of Latvia joined hands with the ecosystem and offered a range of initiatives and support mechanisms for the startups which choose Latvia as their home-base. This has been known as “Welcome Pack” ever since.
All support mechanisms in the welcome pack can be divided into 2 categories
"Money" = funding + opportunities to save costs
"Cool stuff" = all other bonuses and support startups can count on