Opportunities for development of innovative business in Latgale region: financial aspects
2005
Bolsakovs, S.(Rezekne Higher Educational Institution (Latvia))E-mail:sergejs@ru.lv
The paper is aimed at the assessment of opportunities for the financing of innovative activities in Latgale region. The analysis is based generally on the case of Rezekne. Firstly, the problem is determined - Latgale is the weakest region in Latvia from economical development point of view. Secondly, the overview of the financial resources for innovative activities is given. Finally, the author argues his opinion on necessity to develop innovative business in order to improve the situation in Latgale. One of the most important aspects that hamper Latgale's development is the lack of financial resources. The optimal schemes for the financing of innovative business are offered. The research lead to the conclusion that finances for sustainable development of innovative business could be attracted through the Latgale's small enterprises (SMEs) cooperation with regional higher education institutions (Rezekne Higher Education Institution, Daugavpils University), business support centres and Rezekne Special economical zone structures.
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