The authors prepared this paper on the basis of the Staube et al., 2014 [1] publication accepted for the 1st international scientific conference on advanced materials, structures and mechanical engineering ICAMSME 2014, that took place in Incheon, South-Korea on May 3–4, 2014 and included into the international scientific journal “Advanced Materials Research”. Among the main findings, the authors created a diagram of the development of the legal environment for the advanced technologies according to a time scale. From the official documentation the authors concluded that despite the nanotechnologies were announced in the second priority for development of the Latvian science, and Latvia had a very high rates of an international collaboration (70 %) and EU support to the scientific projects (about 77 % from total investments): 1) our state was not named among the priority regions in the newest EU’s smart specialisation platform; 2) obvious limitations in local tooling and professionalism caused our country to still stay at the foundation stage.