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FIDEA - Financial and Management consulting company

We recognize the best development opportunities in our customers and help our clients to carry them through.

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14th of September, 2020

Program "Introductions of green innovations and ICT products into production" support will be provided for the introduction of environmentally friendly production processes and ICT solutions, improving the efficiency of production processes will come soon

Eligible costs:

• purchase costs of new equipment or equipment components;

• investments in intangible assets.

Project applicant - small and medium-sized enterprises.

The total available funding of the program - 5 847 694 EUR.

Co-financing for one project from 200 000.00 to 600 000.00 EUR.

Aid intensity:

• for small (micro), small businesses - 55% of eligible costs;

• for medium-sized enterprises - 45% of eligible costs.

Deadline for the implementation of the program is April 30, 2024.

Implementation of projects - within 2 years after concluding the contract.

Project initiation - after approval.

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13th of August, 2020

Applications are open for EU funding in Competence centres to develop new products or technologies. Research projects can be carried out till 2023. We work with the following Competence Centres:

1.       Latvian Food Industry Competence Centre

2.       Forest Sector Competence Centre of Latvia

3.       Pharmacy, Biomedicine and Medical Technology Competence Centre

4.       Smart Material and Technology Competence Centre

5.       Energy and Transport Competence Centre

Form more information please contact Evita Gaide, Project Manager,, +371 22424220

Supportive legislative documents (available only in Latvian):

Regulations of the Minister Cabinet No 2 -

Amendments to the Regulations No 2 of the Cabinet of Ministers (passed on 28.07.2020)

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22nd of May, 2020

FIDEA in cooperation with Latvian Food Industry Competence Centre and Latvian Federation of Food Companies (LFFC) organizes online discussion series “Share Experience” – various different companies will share their professional experience in export, production organization and other relevant topics.

On May 27th at 10AM (+3 GMT) the first discussion will take place hosting Jānis Endele, marketing director and co-owner of Karavela Ltd. He will share his experience on how Karavela has reached Europe's largest supermarket chains and how they became partners with worlds greatest brands of canned fish.

Prior notice is required in order to participate in the discussions. The webinars are free of charge.

If you wish to participate in the first discussion notify us until May 25th by writing an e-mail to

After receiving your application, we will send a link (from Microsoft Teams).

Image by Michael Longmire

7th of April, 2020

Government financial aid is available for current assets to businesses affected by COVID-19.

We offer our technical support to prepare applicants for the benefits.

Our service is available straightaway.
If interested, contact Agita Kuļikovska +371 29480623.

Financial aid is provided by ”Altum”. See Cabinet of Ministers Regulations webpage.

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Our Services

Within 18 years of experience, we have successfully led more than 440 projects, attracting in total 290 million Euro of financing for our clients.


The attraction of financial resources

Our expertise enables us to attract financing for your most ambitious development and research projects. 
We provide a full spectrum of services - from ideation and project application to the completion of the project.


Competence centres

FIDEA experts aim to relieve Competence centres and their respective partners of bureaucracy and enable them to focus on the goal - innovation.



We provide economic research, analysis of industry and sectors, draft and evaluation of political initiatives. Our results enable our clients, respective industry associations, governments and municipalities, ministries and other agencies, to make informative decisions on their own as well as economic development.

Our clients include private businesses, government institutions of all levels (ministries, municipalities, industry associations) and EU institutions.

FIDEA has invested great effort in development of Smart Specialisation Strategy of Latvia. The document forms the basis for the investment of more than 600 Mil Euros in Science, R&D and Innovations for the time period of 2014 to 2020.


Management and Finance consultation

We support our clients in setting

goals, creating a strategy and attracting financing.

Management and finance consulting services include:

  • Strategy Development

  • Company refinancing

  • Profit tax allowance of investment projects

  • Capital investment attraction

  • Credit attraction

  • Project management

  • Technical assistance for feasibility studies of investment projects

Our consultation on management  provides a strategic process plan based on the current situation, facts, agreement of parties involved and resources of our client.


Consultations on government support

We have in-depth knowledge and experience in government support functions for companies, especially businesses involved in R&D.

We have developed guidelines for the calculation and segmentation of R&D. The established guidelines serve as a finance organization tool for research projects.

FIDEA has participated in the establishment of legislation that provide profit tax allowance for businesses involved in R&D investment projects.


Training for policymakers

We support our policymakers by sharing our expertise and experience in aim to raise their capabilities and qualification.

About us

FIDEA is a Finance and Management consulting company.

Since 2002 we provide our clients with growth opportunities and help them develop a strategy for future development. We attract financing in order to set in force their business strategies.

We have combined the expertise and experience from various fields within our company and our network of business partners that allows us to support our clients in putting in motion a wide range of development projects.

We are the development partner for leading businesses, government as well as EU institutions and non-governmental organizations.

We have put a great effort in strategy development of Science, R&D and innovations both in Latvia and Slovenia.

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Contact us


Adress: Antonijas 5, Riga, LV-1010, Latvija


Registration No:40003600120

VAT No: LV40003600120

Bank: A/S Swedbank

Bank code: HABALV22

Bank account: LV58HABA0551002967852

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