Funding and digitalisation

A digital maturity assessment is an evaluation of a company’s digital development — how widely and effectively it uses digital tools, data and automation. In Latvia it is offered by the European Digital Innovation Hub; in LIAA’s 2023 digitalisation programme it was a prerequisite for applying, and companies received a digital development roadmap as a result.

Digital transformation is changing the way a company works using digital tools — not just replacing paper with a computer, but changing processes, customer service and decision-making. For example, orders are processed automatically, customers can do everything online, and the manager makes decisions based on up-to-date data.

In LIAA’s (Investment and Development Agency of Latvia) digitalisation programmes, companies could receive a grant for introducing digital solutions. In the latest round in 2025, grants of up to 10,000 euros were available for digital solutions and up to 200,000 euros for artificial intelligence solutions. Applications for this round closed on 7 November 2025.

ALTUM is Latvia’s state development finance institution, offering loans and other financial instruments to companies. For digitalisation, ALTUM offered loans with a capital rebate under the Recovery Fund from 2023 — part of the loan may not have to be repaid. Current terms and availability should be checked on the ALTUM website.

Split the project into phases and start with the part that pays off fastest (an MVP); consider ALTUM or bank financing, leasing or a payment schedule with the developer; choose solutions without big licence costs. Meanwhile, prepare the project so you can apply quickly when a new support programme opens.

Describe a specific problem and the business benefit, prepare a technical description and scope of the solution, a cost estimate with justified items, a timeline and measurable results. A well-prepared project fits any programme — when one opens, you only need to adapt it to the specific rules.

It depends on the rules of the specific programme. LIAA’s digitalisation programmes were mainly intended for digitalising company processes — digital products, services and artificial intelligence solutions. An ordinary marketing website doesn’t always qualify, but e-commerce, a customer portal or a booking system that changes how the company works may qualify better.

According to LIAA, applications for the 2025 digitalisation programme closed on 7 November 2025, and a renewal of the support is not currently planned. Applications are being assessed and approved projects implemented. Follow LIAA’s official channels for new opportunities.