Latvia has 1 city in the top 1000 and is one of Eastern Europe’s best countries for setting up a startup.
Latvia’s startup scene saw an increase in 2023 and jumped 4 spots from the previous year, outranking Colombia.
Latvia’s startup ecosystem has the potential to become one of the country’s core economic engines. With easy access to Europe, an availability of skilled IT talent, a multilingual population, and an affordable cost of living, the potential of Latvia’s startup ecosystem is clear. However, it is also clear that Latvia’s public sector has not caught up yet with its successful Baltic neighbors. Led by the rise of Estonia, Lithuania’s public sector is heavily investing in targeted startup ecosystem growth. The Latvian response to the increasing gap from the two other Baltic countries has been underwhelming so far. The country’s top policy makers have yet to equip public sector ecosystem developers with policies that will positively affect Latvia’s economic growth in the long term.
Unlock with pro
The health check tables allow you to look at the performance Latvia has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...
Latvia is ranked within the top 40 startup ecosystems globally.
Latvia’s startup scene is best represented in Edtech, Hardware & IoT, and in Ecommerce & and Retail.
|2023 National Rank & Change||City||Global Rank & Change||Total Score||Quantity Score||Quality Score||Business Score|
In this article, we’ll explore the role of universities in startup ecosystems. Join us for an enlightening discussion in the 39th episode of our Startup Ecosystem Podcast series, where Martin Jordana welcomes David Kwok. David, the Director of Entrepreneurship & Innovation at YSpace —a university run community innovation hub nestled in Downtown Markham —shares valuable […]
The Global Startup Ecosystem Index (GSEI) reveals the startup ecosystem rankings of 1,000 cities and 100 countries based on various factors. It uses an algorithm that considers many parameters and incorporates data from different sources and partners such as Crunchbase, SEMRush and Statista. The results of this index are also integrated with the StartupBlink Global […]
At StartupBlink, we always say that where you base your startup highly affects your success. Hence, the Global Startup Ecosystem Index sheds light on location-based decisions for startups and other ecosystem stakeholders. In this episode of the Startup Ecosystem Podcast, Eli David and Martin Jordana go further to discuss the cities of the future for […]