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Become a European Innovator

Latvindia Open Innovation Platform

Who is an Innovator?

We are all innovators
Everyone is an innovator because innovative ability is inherently present in all of us. Since we were born, we have innovated by learning by doing.

What is Innovation?

Simply put, innovation is about successfully implementing a new idea and creating value.

There are 3 elements of innovation: a new idea, the implementation and creating value, but we start with a new idea.

Innovation involves introducing something new. Innovation is a mindset, a way of thinking beyond the present and into the future. Innovation is always associated with business growth. It may change how a business is set up, how it functions, what products or services it delivers and how it communicates with customers. Or simply what is the colour of the wall in the office.

3 Elements of Innovation

The idea -- This is your job

Implementation -- This our job

Creating value -- This is our common job

What is an Innovative Idea?
What ideas are we looking for? We think most ideas are so hard to implement because they don’t have all three aspects of success: being new, great, and reliable. A new idea surprises and delights people because it’s unexpected. Great is much more of a subjective term than either new or reliable. It means an idea that inspires and excites people. A reliable idea is one on which we can build a business, and ultimately it makes money. We are looking for new, great and reliable ideas. If you have such an idea, you are the guy we seek.
What is Implementation?
Although innovative ideas are great opportunities, transforming ideas into an income stream is a unique problem that most businesses should face. Indeed innovative companies do not necessarily have the most ground-breaking ideas but rather the ones that can identify a good idea and devote the resources to putting it in place and committing to the use and support of that initiative. You deliver the idea; we evaluate it and try to find a partner to implement the innovation.

Frequently Asked Questions

Who can apply?

We welcome you if you have an idea that can be translated into an innovation.

How can I apply?

You should register yourself at first to have access to submission and supporting materials.

Simply sign up for an account on the LOIP here.

  1. Fill up your name, email address, password
  2. Accept the terms and conditions
  3. A confirmation email will be sent to your email (Please check your Spam/Junk mailbox)
  4. Follow the instructions in the confirmation email to complete your registration

How can I submit my idea?

If you are registered and logged in to the user area, you can see some supporting materials to prepare your submission. Once ready, you should go to the Submission page to submit.

What will happen with my submitted innovation idea?

First of all, we want to assure you that you will remain the sole owner and beneficiary of the idea if you do not decide otherwise. We sign a Non Disclosure Agreement (NDA) with you that regulates all confidentiality aspects. Secondly, all contributors will receive a detailed answer from us, no matter how brilliant or dull your idea has been.

Initially, all ideas will be evaluated and ranked by our expert staff. Depending on the idea's value, we will decide whether to endorse it. The promising ideas will be recommended for the second level evaluation by an external panel of experts from angel investors and industry professionals.

Parallelly, we will work closely with you to find the best way to implement your idea, depending on your specific situation and industry.

I have no idea at the moment. What can I do?

No problem. You still can register and access supporting materials to elaborate on an innovative idea. Even if you are still getting ready with your innovation proposal, you can earn money by solving challenges.

Ready to Join the Innovation Community?

Join us and reference your innovative solution. It's easy and free!