ISMA Business Incubator gives students an opportunity to develop and implement their business ideas through the advantages and support provided to the participants of the Business Incubator.

Aim: To support and promote students’ interest in starting and development of entrepreneurship activity.

Mission: To provide to ISMA students knowledge and experience in the field of entrepreneurship and ensure favourable environment for the development of business ideas.

The enrolment of applicants is performed in compliance with the Regulations.

Applicants are enrolled on a competition basis.

Six-step procedure:

  1. Applicants' consultations with their scientific supervisors or with the Business Incubator manager

  2. Filling in and submitting of the Application to the Career Centre

  3. Considering of the application

  4. Presentation of a business idea

  5. Announcement of the competition results

  6. Participation in the Business Incubator

ISMA Business Incubator participants:

  • Participate in educational events: conferences, seminars, workshops, etc.,;

  • Receive consultations on starting a business, company financial planning, accounting, marketing, legal provision, record keeping, and other issues;

  • Develop a business plan, establish a company and start business operations according to a business idea.

    Experts

    Experts

    Sphere

    Position

    Asoc.prof., Dr.oec.
    Viktoriia Riashchenko

    Strategic management and human resource management

    Head of

    ISMA Business Incubator, expert

    Prof., Dr.sc.ing.
    Rostislavs Kopitovs

    Business projects

    Chairman of

    The Expert Commission of

    Prof., Dr.oec. Deniss Djakons

    Marketing and marketing research

    expert

    Prof., Dr.oec. Antonina Djakona

    Marketing and visual marketing, innovation and development in higher education

    expert

    As. Prof., Dr.oec. Olga Verdenhofa

    Human resource management

    expert

    As. Prof., Dr.oec. Valentina Djakona

    Legal regulation of business

    expert

    As. Prof., Dr.oec. Jevgenija Dehtjare

    Marketing and tourism

    expert

    Maksims Grinčuks

    Financial management and investments

    expert

    Kristīne Hamruna

    Accounting

    expert

    MBA, Žanna Kļeščevņikova

    Legal issues

    expert

    Staņislavs Miščenko

    Organisation of catering technological process

    expert

    Asoc.prof. Ivars Linde

    Business projects

    expert

    Aija Zeltiņa

    State language

    consultant

    Ludmila Lastovska-Zvirbule

    Record-keeping

    consultant

Applicants

Applicant – ISMA student or graduate, or a group of students (hereinafter – student) who applies to the participation in ISMA Business Incubator.

Application:

  • ISMA students or graduates (who graduated from ISMA during the last year);
  • Students of other Latvian higher educational institutions, who join in a team with ISMA students and/or ISMA graduates. 51% of team members shall be ISMA students and/or ISMA graduates.
  • Applicants can apply individually or in a team. Maximum number of members in a team is 5 (five).

Applicants are enrolled on a competition basis:

  • applicants' consultations with their scientific supervisors or with the Business Incubator manager;
  • filling in and submitting of the Application to the Career Centre;
  • considering of the application by the commission;
  • presentation of a business idea;
  • announcement of the competition results.

Six-step procedure:

  1. Applicants' consultations with their scientific supervisors or with the Business Incubator manager;
  2. Filling in and submitting of the Application to the Career Centre;
  3. Considering of the application;
  4. Presentation of a business idea;
  5. Announcement of the competition results;
  6. Participation in the Business Incubator.

Enrolment/Competition procedures

Applicants must submit a computerized application form, a recommendation from the scientific/course paper supervisor, and a CV in the state language.

Documents are submitted the Head of the Career Centre: marina.celika@isma.lv

Applications are considered by the Expert Commission consisting of at least 5 members. Applications are considered in two stages.

Stage I.

The Commission considers the application on the basis of administrative and qualitative criteria and decides which applicants are to be invited to the second stage.

Administrative criteria:

  • All the fields of the application form are filled in;
  • Recommendation from the scientific / course paper supervisor is submitted;
  • Applicants' compliance with the target audience of the Business Incubator;
  • The volume of the business plan in the application does not exceed 10 A4 pages.
  • If the application does not meet at least one of the administrative criteria, it is not considered and the applicant does not participate in the competition.

Qualitative criteria (points):

  • Brief description of a business idea – max 5 points;
  • Sustainability of a business idea – max 10 points;
  • Innovativeness of a business idea – max 5 points;
  • Possibility of the export of a business idea – max 5points;
  • Character of a business idea: manufacturing or service – max 5 points.

Applicants who obtain at least 15 points in the first stage are invited to the second stage of the Competition.

Stage II.

Applicants shall make the presentation of their business ideas to the Commission. Presentation time – 10 minutes. The Commission announces the results of the competition within 5 (five) working days from the day of the presentation of business ideas.

Limit of services provided

No.

Services

Limit

1

1 (one) open space work place in the BI facilities

Period of participation in BI *

2

ISMA building (common areas use and maintenance)

Period of participation in BI *

3

Conference venues

Once a month

4

Meeting rooms

Once a month

5

Legal address

Period of participation in BI *

6

Internet and fax

Period of participation in BI *

7

Hosting the web sites of participants

Period of participation in BI *

8

Office equipment (printer, scanner)

Printing – in the amount of 5 EUR

Scanner - Period of participation in BI *

9

Educational events: conferences, seminars, workshops,

According to the work plan

10

Mentoring

Period of participation in BI *

11

Consultations on starting a business, company financial planning, accounting, marketing, legal provision, record keeping, and other issues;

Once a month

Contacts

Viktoriia Riashchenko

Head of ISMA Business Incubator, expert

viktoriia.riashchenko@isma.lv

67114520
26008383

Rostislavs Kopitovs

Chairman of The Expert Commission, expert

rostislavs.kopitovs@isma.lv

67114520
26435858

Marina Čelika

General consultant

marina.celika@isma.lv

67100602
29217596

Dear ISMA student and graduate!

If you have a business idea that you want to develop into a business and you are ready to go from business idea to building a business company we invite you to participate in the Business Incubator (BI) to learn, receive professional consultation and organizational support.

ISMA Business Incubator invites you to apply for the participation in BI.



To the top