Cabinet of Ministers Regulations No. 226 in 2016 (12 April. No 17 11. §) rules on acceleration funds operational analyst creation, development and promotion of competitiveness released in accordance with European Union structural funds and the cohesion fund the 2014 – 2020 programming period the control law paragraph 14 of article 20 and the Development financial institutions act, article 12 the fourth part i. General questions 1. determines: 1.1. procedures for implementing the action programme "growth and employment" 3.1.2. specific objective "to increase the growth of the number of operators" 3.1.2.2. ' technology Accelerator "(hereinafter measure); 1.2. the measure of available funding; 1.3. the eligible actions. 2. objective of the measure is to promote the economic development and competitiveness of the operator, providing Acceleration (i.e., promotion, incentives, developing, acceleration) services and business financing projects, which provide technological or industrial failure risks. 3. Acceleration Fund (hereinafter Fund) measures within the framework of the final beneficiaries are the economic operators and the agricultural service cooperative society (hereinafter referred to as the economic agents). 4. The European Regional Development Fund for the implementation of the measures is eur 15 000 000. 5. Support Fund within the economic operators provide financial intermediaries, which according to the legislation in the area of public procurement selection of joint stock company "development financial institution Viola" (hereinafter referred to as society Viola).
II. Requirements for financial intermediaries financial intermediaries to 6, this provision limited partnership referred to in point 9 of the moment of conclusion of contracts are commercial, corresponding to small (micro), small or medium economic operator status in accordance with the Commission on 17 June 2014. Regulation (EU) No 651/2014, by which certain categories of aid compatible with the internal market, the application of the Treaty and article 107.108 (General block exemption regulation) (hereinafter referred to as Commission Regulation No 651/2014) (Official Journal of the European Union , 2014 26 June, no L 187), annex 1, or large commercial companies in accordance with Commission Regulation No 651/2014 article 2, paragraph 24.  7. financial intermediaries shall be chosen in accordance with the Commission's March 3, 2014. the delegated Regulation (EU) no 480/2014, supplementing the European Parliament and Council Regulation (EU) No 1303/2013 laying down common provisions on the European regional development fund, the European Social Fund, the Cohesion Fund, the European agricultural fund for rural development and the European Fund for Maritime Affairs and fisheries and general provisions on the European regional development fund , The European Social Fund, the Cohesion Fund and the European Fund for Maritime Affairs and fisheries (Official Journal of the European Union by 2014 May 13, no. L 138), article 7. 8. the company rejected the financial intermediary of Viola offer, if the selection point on it is true that at least one of the following conditions: 8.1 in accordance with the State revenue service administered by the tax debtor (fees) in the database of the information available it is a tax or fee debt, including State social security payment owed a total of more than 150 euro; 8.2. it is declared by a Court of insolvency proceedings, is the legal protection process, with the decision of the Court is an out-of-court redress process, has launched bankruptcy proceedings, suitable for rehabilitation or composition, its economic activity is terminated if it meets the legal criteria to be required, at the request of creditors in insolvency proceedings; 8.3. If it is a corporation, then the accumulated losses it has lost more than half of its subscribed capital. If that is the case, the accumulated loss deduction from the reserve and all the other positions, which are reputed to be considered part of the operator's own funds, a negative result occurs that exceeds half of the subscribed capital. This condition does not apply if the financial intermediary is tiny (micro), small or medium-sized business person within the meaning of these regulations and there are less than three years; 8.4. If at least one of the participants is unlimited responsibility for the debt, the accumulated losses it has lost more than half of the capital accounts; 8.5. in accordance with the last two years the financial reports the debt and equity balance sheet value has exceeded its 7.5 and interest coverage ratio, which is calculated after the EBITDA (earnings before interest, tax and amortisation), has been less than 1.0 the Listed condition is applicable. If a financial intermediary is a great trader within the meaning of these regulations; 8.6. it has received rescue aid and not repaid her loan, the guarantee does not refer to or have received restructuring aid and is still subject to the restructuring plan. 9. Viola Society and financial intermediaries limited partnership agreements concluded in accordance with the European Parliament and of the Council of 17 December 2013 Regulation (EU) No 1303/2013 laying down common provisions on the European regional development fund, the European Social Fund, the Cohesion Fund, the European agricultural fund for rural development and the European Fund for Maritime Affairs and fisheries and general provisions on the European regional development fund, the European Social Fund , The Cohesion Fund and the European Fund for Maritime Affairs and fisheries, and repealing Council Regulation (EC) No 1083/2006 (hereinafter referred to as Commission Regulation (EC) No 1303/2013) (Official Journal of the European Union, 20 December 2013, no L 347), annex 4, paragraph 1, the conditions of the financing agreement. 10. Financial intermediaries established funds as new limited partnership pursuant to laws and regulations in the field of business. 11. Measure the available funds investing in equity and limited partnership uses: 11.1. to make pirmssēkl and sēklasnaud investments veicējo economic activities; 11.2. to cover the financial intermediaries the management fee the amount of which is determined in public procurement procedures. 12. Financial intermediaries management fee of 2% reductions apply if 2023 on December 31, there is at least one of the following conditions: 12.1. financial intermediaries in financing the Fund managed learning is less than 80%; 12.2. the Fund's cash contribution to the pirmssēkl and sēklasnaud's contribution to total damage (including impairment) exceeds 30%; 12.3. without help mentor, industry and technology experts, purchasers, suppliers, partners and investors Association; 12.4. supported operating behind the number one financial intermediary managed fund is less than 24.13. Financial intermediaries shall keep separate records of the measures taken under these rules pirmssēkl and sēklasnaud of money for investment. 14. Financial intermediaries managing the funds, on the basis of commercial principles and pursuant to Commission Regulation No 651/2014 article 21, paragraph 14 of the "a" and "b" in annex I and in point 15.
III. conditions for granting of support

15. Financial intermediaries support within these provisions provide economically viable business activity takes place. 16. Financial intermediaries on whom economic activity participation acceleration program and pirmssēkl and sēklasnaud investment allocation based on the economic viability of the business analyst project and investment evaluation of exit strategy, pursuant to the Commission Regulation No 651/2014 article 21, paragraph 14 of the "c" and "d" section. 17. the Fund out of money pirmssēkl and sēklasnaud investments veicējo economic activities without becoming a related organization, in accordance with Commission Regulation No 651/2014 1. paragraph 3 of article 3. 18. the Fund out of money pirmssēkl and sēklasnaud investments in operating business analyst projects under Commission regulations No 1303/2013 37. Article 5 and paragraph 10. 19. the Fund does not provide support for economic operators, which at the time of adoption of the decision on the grant of aid to meet the following conditions: 19.1. those with the judgment of the Court of Justice has declared insolvency proceedings or the judgment of the Court is the legal protection process, or by a decision of the Court of Justice is an out-of-court redress process or economic activity has ended, or the economic operator meets the legal criteria to those requested by the vendor at the request of the insolvency proceedings; 19.2. the subject of a recovery order in accordance with previous Commission decision declaring an aid illegal and incompatible with the common market; 19.3. they received rescue aid is not reimbursed under a loan or not responded to warranty or under received restructuring aid to those still covered by the restructuring plan; 19.4. these economic activities in a market for more than seven years since their first commercial sale under Commission Regulation No 651/2014 article 75, paragraph 2 of the above definition, and at the same time there is this rule or 19.4.1.19.4.2. referred to in condition: 19.4.1. economic operator are commercial and accrued loss because you have lost more than half of its subscribed capital. If that is the case, the accumulated loss deduction from the reserve and all the other positions, which are reputed to be considered as part of the economic operator's equity (including from the holdings of the markup), a negative result occurs that exceeds half the subscribed capital; 19.4.2. at least one of the economic analyst members have unlimited liability for the debts of the business operators, and operating a reviewer's cumulative losses have lost more than half its accounting records indicate capital. 20. the time limit for making decisions about the allocation of investment sēklasnaud is eight years from the date of establishment of the Fund. The decision on the allocation of the cash contribution pirmssēkl Fund accepts up to 30 June 2021.
IV. Ineligible sectors and activities in support of this rule 21 does not provide for such economic activities and sectors whom: 21.1. laid down in Commission Regulation No 651/2014 article 1, paragraph 2, "c" and "d" section; 21.2. laid down in Commission Regulation No 651/2014 article 1 point 3 "c" and "d" section; 21.3. laid down in the European Parliament and of the Council of 17 December 2013 Regulation (EU) no 1301/2013 for the European regional development fund and the special rules for the purpose of "Investing for growth and employment" and repealing Regulation (EC) No 1080/2006 (Official Journal of the European Union, 20 December 2013, no L 347), article 3, paragraph 3, "a", "b", "c" and "e" in subparagraph; 21.4. the spirit drinks trade (NACE 2. editorial group "beverages wholesale 46.53" included in the wholesale of alcoholic beverages and spirits Group 47.52 "and other beverages retail specialist shops" in the retail of alcoholic beverages included); 21.5. gambling and betting (NACE revision 2.92. Chapter "gambling and betting"); 21.6. weapons and ammunition trade (NACE 2. editorial group 47.78 "goods not elsewhere classified new specialised retail shops" stored weapons and ammunition retail); 21.7. transactions with real estate (NACE 2. redaction L section "operations with the real estate"), including the built and the purchase of land not built on. 22. where the economic operator while operating within these rules in and assisted eligible sectors or areas of activity, it supports the sector, activity or cost segregation in accordance with Commission Regulation No 651/2014 article 1 point 3.
V. Acceleration program services 23. This provision within the acceleration program is a financial intermediary organize events and activities, within which the economic agents receive these rules referred to in paragraph 24 of the acceleration program services. 24. Acceleration program services are those measures and activities that meet the objective of the operations of the funds, including the assistance of a mentor, an industry and technology experts, purchasers, suppliers, partners and attract investors.
Vi. cash contributions Pirmssēkl 25 Pirmssēkl money investments made to finance the establishment of the traffickers of economic activities, including product and business model development, research, evaluation and approval. 26. Support pirmssēkl investment of money provided as start-up aid, in accordance with Commission Regulation No 651/2014 article 22, paragraph 3 "a" and "c" requirements set out in point. 27. Support for pirmssēkl cash investment can get economic agents, which at the time of adoption of the decision on the granting of aid shall meet the following requirements: 27.1. Commission Regulation No 651/2014 1. body in a small (micro) and small business operators in the definition; 27.2. they are registered in the company register of the relevant register as economic agents and economic activity (including outside the Republic of Latvia) have launched no earlier than three years ago; 27.3. they are not created by reorganizing the other economic activities of the operator by way of merger; 27.4. they still have not taken to the allocation of profits; 27.5. the shares are not quoted. 28. Support for pirmssēkl cash investment provides economic operators receiving the provisions referred to in paragraph 24 of the acceleration program services. 29. Pirmssēkl cash investment as an equity contribution in accordance with Commission Regulation No 651/2014 article 74, paragraph 2 or as a quasi-equity investment in accordance with Commission Regulation No 651/2014 article 66, paragraph 2, or as a loan, which is provided with a lower rate than the market rate and not more than 10 years. 30. Financial intermediaries to one economic operator provides support for pirmssēkl cash contribution up to eur 50 000, and the total amount of money pirmssēkl investment in the Fund is at least 30% of the Fund's total public funding. 31. the Fund all revenue earned from each individual's contribution to the implementation of pirmssēkl money, the distribution of the sequence in the following order: 31.1. Viola society gets back its funding of the part that is invested in the investment of money of pirmssēkl; 31.2. the remaining proceeds distributed through financial intermediaries and 20% 80% public Viola. 32. The fund losses from cash contributions shall be borne by the pirmssēkl company of the Viola. 33. Support pirmssēkl in the form of a cash contribution to the economic operator provides, if the Fund's money in the investment fund pirmssēkl business under its primary place of business is in the Republic of Latvia.
VI. contributions Sēklasnaud

34. in the framework of the Fund, financial intermediaries out of sēklasnaud investments (including investments in future sēklasnaud) pursuant to Commission Regulation No 651/2014 article 21, paragraph 6, to fund economic growth performers (including product and business model development). 35. Support for investment sēklasnaud economic operators give as venture funding support in accordance with Commission Regulation No 651/2014 article 21 requirements. 36. the aid in the form of sēklasnaud investment can get economic agents, which at the moment when the decision to grant support is taken, shall meet the following requirements: 36.1. Commission Regulation No 651/2014 1. body in a small (micro), small and medium business operators in the definition; 36.2. Commission Regulation No 651/2014 article 21, paragraph 5. 37. aid in the form of sēklasnaud investment provides economic operators whose primary business activity is in the European Union, and at least 50% of the total Fund contribution of sēklasnaud is provided to the participants of economic activity that is the primary place of business is in the Republic of Latvia.  38. aid in the form of sēklasnaud investment provides economic operator in the framework of this provision, which has received investment money pirmssēkl. 39. the contribution of the Sēklasnaud as an equity contribution in accordance with Commission Regulation No 651/2014 article 74, paragraph 2 or as a quasi-equity investment in accordance with Commission Regulation No 651/2014 article 66, paragraph 2, or as a loan, if the contribution is made of sēklasnaud in the form of a loan approved by the society and at the same time adhere to the Alto in Commission Regulation No 651/2014 article 21, paragraph 16 "a" and "b" under those conditions. 40. Financial intermediaries to one economic operator provides support for sēklasnaud's contribution up to eur 250 000. 41. the contribution of the sēklasnaud, the private fund members participate with your contribution, the amount of which is determined in public procurement procedures and of not less than 10% of the amount of the contribution of the sēklasnaud in accordance with Commission Regulation No 651/2014 article 21, paragraph 10 "a" section. The meaning of this provision by private fund members are participants in the Fund (including financial intermediaries), except Viola society. 42. the total amount of the co-financing of private investors is the level of investment is sēklasnaud: 42.1. at least 40%, if the investment is made by the sēklasnaud economic operator that works in a market of no more than seven years since its first commercial sales in accordance with Commission Regulation No 651/2014 article 2, definition, paragraph 75; 26.2. at least 60%, if the investment is made by the sēklasnaud economic operator that works in a market for more than seven years since its first commercial sales in accordance with Commission Regulation No 651/2014 article 2, definition, paragraph 75, while sēklasnaud is the condition that the investment is required for operating the reviewer get to new product or geographic market, and it exceeds 50% of the last five years, the average turnover of the business operators. 43. The Fund all revenue earned from the implementation of the investment portfolio sēklasnaud, sequentially allocated in the following order: 43.1. proportion between the participants in the Fund until they get back their investments in the funds used for investment and sēklasnaud to these investment management fees apply; 43.2. the proportion between the participants in the Fund until they receive 6% per year from their investment in the funds used for investment and sēklasnaud to these investment management fees apply; 43.3. the remaining proceeds distributed among private participants in the Fund, at least 20% down to financial intermediaries. 44. The fund losses from investments of the Fund shall be borne by the sēklasnaud members in proportion to their investment sēklasnaud investment in the Fund. 
VIII. Aid intensity and totaling 45. This provision is granted in the framework of setting the amount of the aid in accordance with Commission Regulation No 651/2014 article 22 is equal to the cash contribution pirmssēkl. 46. This provision within the venture funding granted aid pursuant to Commission Regulation No 651/2014 article 21 is equal to the amount of the contribution of the sēklasnaud. 47. Support pirmssēkl cash contribution that this framework has been granted pursuant to Commission Regulation No 651/2014 article 22 may be combined with other aid, taking up to Commission Regulation No 651/2014 article 22, paragraph 3, the maximum amount of the aid operation and subject to this provision, paragraph 51. 48. Pirmssēkl cash contribution to the economic operator can make by combining different types of pirmssēkl money investments in accordance with Commission Regulation No 651/2014 article 22, paragraph 4 of the conditions. 49. Support sēklasnaud in the form of a contribution, which is granted under these rules, in accordance with Commission Regulation No 651/2014 article 21, may be combined with other risk financing support, up to Commission Regulation No 651/2014 article 21, paragraph 9 of the maximum risk financing support and subject to this provision, paragraph 51. 50. financial intermediaries may carry out further investments within these rules in operating veicējo supported in accordance with Commission Regulation No 651/2014 article 21, paragraphs 6 and 9. 51. This provision within the aid shall not be cumulated with other State aid in the framework of the support received for the same eligible costs, if the other State aid program costs are financed from European Union funds. 52. under this provision, aid may be combined with other State aid in the framework of the support received for the various eligible costs.
IX. Support records 53. Financial intermediaries to ensure that aid under records, including detailed information and supporting documentation required to determine that the conditions of these rules. Such records and documentation, financial intermediaries, for 10 years from the last date of granting of the aid. Economic agents information on this provision within the support for 10 years from the date of receipt of the aid. 54. The public forum in its tīmekļvietn in Alto published in Commission Regulation No 651/2014 article 9 1 and the information specified in paragraph 4, ensuring its availability for at least 10 years from the date of granting of the aid. Prime Minister Māris kučinskis member of the Prime Minister, the Minister of the economy, education and Science Minister Karlis Šadursk a