Latvian Technological center is non-profit innovation and technology-oriented business support structure – business acceleration centre, which stimulates establishment and growth of knowledge-based SMEs by creating relationships between research and industry as well as encouraging SMEs for trans-national cooperation.

The main objectives of LTC are the following: to fill the gap between institutions of higher education and research and industry; to promote foundation of SMEs for production of technology-based and high-tech products; To create contacts between industry and research laboratories; To promote international economic and scientific collaboration for development of competitive products; To create jobs for highly-qualified craftsmen and researchers; To promote the formation of society open to innovation and to propose new policy initiatives.