Intellectual Entrepreneurship in Latvia

Abstract

Intellectual entrepreneurship is an emerging phenomenon in Latvia. Intellectuals engaged in business usually succeed regardless of the sphere or product they are dealing with. If the environment changes they can adapt to it; they can see opportunities where others do not, and they can create extraordinary ventures in an ordinary environment. Therefore, the author argues that intellectual entrepreneurship has its place in Latvia, that research is needed on ways to create a climate for it, and that methods to encourage it should be developed.