Riga Technical University Development Fund Information

The foundation “Riga Technical University Development Fund” was established on 15 April 2002 and the statutory aim of the fund is to carry out activities aimed at providing public goods, attract donations and grants from organizations, legal entities and individualsin order to help tertiarytechnical education establishments, first of all, RTU, become modern centres of education, science and culture in Latvia. The main tasks of the Fund are: to promote the development of tertiary education in Latvia that meets social and market needs; to promote the advancement of the level of education and training of new specialists; to support the implementation of tertiary education institution development programmes not only for obtaining education, but also for conducting scientific research; to award scholarships and allowances to students for studies, scientific work as well as for improvement of professional skills of the academic staff and employees. The Fund is not a structural unit of RTU, but rather an independent organization – a legal entity, and it holds all the rights of a legal entity and liability according to the legislation of the Republic of Latvia and its statutes. The Fund statutes were registered at the Register of Enterprises on 26 April 2002 and reregistered on 1 March 2005. The Fund welcomes enterprises and individuals for cooperation to promote the development of education with joint efforts.