MATEC Web Conf.
Volume 297, 2019X International Scientific and Practical Conference “Innovations in Mechanical Engineering” (ISPCIME-2019)
|Number of page(s)||7|
|Section||Industry 4.0: Key Factors in the Development of Mechanical Engineering|
|Published online||13 November 2019|
Incentives for Promoting Innovation in Engineering
ISMA University, 1 Lomonosova Str., Bld.6, LV-1019, Riga, Latvia
* Corresponding author:: email@example.com
Engineering is a major industry in Latvian economy. It ranks third (to wood processing and food industry) in the amount of turnover. Due to the inflow of foreign investment, well-educated labor as well as export potential, engineering and metalworking have a promising outlook. However, this industry lacks competitiveness due to cutting investment and development expenses in this sector, as well as low added value. That said, the government should step up its policies to promote innovation activity of machinery manufacturers.
© The Authors, published by EDP Sciences, 2019
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Current usage metrics show cumulative count of Article Views (full-text article views including HTML views, PDF and ePub downloads, according to the available data) and Abstracts Views on Vision4Press platform.
Data correspond to usage on the plateform after 2015. The current usage metrics is available 48-96 hours after online publication and is updated daily on week days.
Initial download of the metrics may take a while.