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The goal of the university incubator UniLab is to promote the development of science-intensive business ideas and the creation of new high added value companies.
Student teams are provided support in the development and initial testing of a science-intensive business idea by preparing them for the next phase of development – private or public investment attraction.
The incubator offers expert consultations to teams (commercial activities for checking viability of the idea, preparation of a business plan, market research, organisation of workgroups, technological expert-examination of the commercial activity idea and formation of a team of the idea developers), equipped work places, training, external expert services, technological expertise and support funding for the development of a business idea.
In order to ensure interdisciplinary experience, cooperation between universities and support for young entrepreneurs, the university incubator is provided by the Joint Venture «Green Industry Innovation Center» established by RTU and the University of Latvia, which has considerable experience in creating and marketing incubation programmes, working with science-intensive business ideas in the Green Technology Incubator.