RSU business incubator opens applications for incubation programme

B-Space, the Rīga Stradiņš University (RSU) Business Incubator has opened applications for its incubation programme (INK). Teams consisting of at least one RSU student, employee or graduate who have a business idea are invited to participate in the programme in order to develop their idea further, conduct market research and develop a product or service over four months.

The INK programme is a great opportunity to assess and explore the potential of your business idea. During the programme, we not only developed our skills in selling, presenting and collaborating on ideas, but also grew personally - gaining confidence in our ideas and abilities. We found ourselves among like-minded young people who support, encourage and learn from each other.

We realised that a united team is the foundation of a successful business. Each team member has their own unique strengths and talents, but by coming together and working towards a common goal, it is possible to achieve the seemingly impossible.

We are grateful for the opportunity to work with a mentor who shared their knowledge, practical advice and passion, enabling us to develop our idea even more successfully. A special thank you to Kristaps and Edgars, whose support and encouragement guided us through the programme.

For those who are wondering about the INK programme: cast aside your doubts, believe in yourself and apply! Maybe your idea will become the next Latvian unicorn!
Good luck to all participants!

The Coffee Society team, winners of the previous season

Stages of the INK programme

• Defining a business idea, possible business model and team;
• Market analysis, collaboration between mentor and team, creating a product or service sketch;
• Creating the company's financial and legal structure, developing pitching skills in preparation for demo day.

Teams will be provided with all the resources available at B-Space, such as a co-working space, MakerSpace equipment, mentor support etc.

The most important annual event for each incubator is the beginning of incubation process. We are very excited to see the new applications that will grow and develop together. After creating a business idea within the pre-incubation (PINK) the next step is to test, develop and implement the idea. We invite both those future entrepreneurs who we have already worked with in the PINK programme as well as others who are ready to develop their ideas in a team to the INK programme. Interdisciplinary teams, where each participant has their own strengths and diverse talents, are an essential resource to make ideas come to fruition. Last year's experience shows that incubation helps your ideas reach the next level and you can gain important skills in practice, both for yourself and for the whole team. During the INK programme, you will have the opportunity to explore the market where you plan to implement your idea, work with outstanding mentors in your industry, prototype and test the product or service with the end user, as well as learn about other start-ups, discover presentation tricks and many other useful, interesting things. B-Space is looking forward to your applications!

Kristaps Zaļais, B-Space mentor

Applications are open until 28 January. The programme will start at the beginning of the spring semester. Please read the INK regulations before applying. These include the selection criteria and the programme outline as well as other relevant information.

INK regulations

In order to apply, teams must fill in the application form.

INK application form

The includes:

• An outline of the team's business idea, 
• The team’s skills and competencies,
• Description of personal motivation to participate in INK,
• Each team member’s CV,
• and other documents.

If case of any questions, please write to bspacersu[pnkts]lv.