Innovation Breakfast 2023



We apologise for the video's sound quality.


00:00 Marija Rucevska, Helve - introduction.

On the open innovation process in state capital companies and large companies in the early stage of development. 

Marija outlines the phases of the open innovation process as well as comments on the situation in Latvia regarding each of them - ideas scouting, strategic partnerships, programs, investing.


7:15 Karolis Mirinavicius from Ignitis Group talks about this company's experience in creating Contrarian Ventures:

About attracting innovations and talents from the energy sector to the group and the  unexpected financial success of it. Karolis points out that the Lithuanian state's supportive attitude towards fund creation was a very important part of the process.

20:59 Panel discussion. Participants:

Karolis Mirinavicius, Ignitis Group

Andris Bērziņš, Change Ventures

Arın Özkula, 500 Emerging Europe

About corporates investing in venture funds;

Choices and expectations;

Financial motivation as a clear factor;

Strategic questions as priorities for corporates.


53:55 Summary

Mārtiņš Bičevskis, LVCA board member, and Raimonds Lapiņš, deputy state secretary.

On leadership as a must;

Ambition as a necessary factor willingness to be international and ahead of competitors;

Fear to lose control creates a limit to go forward with innovation.