ENDeveloping the economics, the level of living in Latvia gradually squares with European Union, that is why we do not have to think about Latvia as a country which can save their competitiveness only thanks to the low production costs. Entrepreneurs have to be ready accept the challenge - to reach higher labour productivity, to make higher added value, conquer new markets and make new products – they have to be ready to go in the field of innovation activity. Innovative development, also means the greater possibilities restructure economic, all the time enlarging meaning of high technology. Innovative development also includes scientific and technological achievements of other more industrially developed counties.