The main objective of the Foundation "Ventspils High Technology Park" (VHTP) is to provide all the necessary infrastructure and support services for the development of companies that are engaged in the field of high technologies and perform its activity in the city or region of Ventspils. Since 2009 VHTP also coordinates activities of Latvia’s Space Technology Cluster by initiating and afterwards implementing the field’s projects on national level.

VHTP started its activity on February, 2005. The organization has several founders, including Ventspils Free Port Authority, Ventspils University College, SIA “Industriālās investīcijas”, SIA “Siemens”, "Latvian Electrical Engineering and Electronics Industry Association", "Association of Mechanical Engineering and Metalworking Industries of Latvia", and Zernike Group B.V.

VHTP has several structural units:

• Business Incubator that provides infrastructure and support services for companies in their early stage of activity. This structural unit also provides services of pre-incubator for prospective entrepreneurs.
• Service Department of the Technology Park that provides infrastructure and support services for companies in their after-incubation or expansion stage, and also for research and educational centres.
• Development and Marketing Department, the main objectives of which are the development and implementation of VHTP projects, marketing and public relations, as well as the coordination of activities of Latvian Space Technology Cluster.

The priority fields of VHTP are IT, telecommunications, electronics, mechanical engineering, industrial automation, computer-aided design, and space technologies.