The startup boom in the Czech Republic began after 2010, when new projects supporting startups appeared (e.g. Startup Yard, Impact HUB, JIC Start Cube or Czech Accelerator).
The Czech ecosystem is strong in information and communication technologies; therefore, it is not surprising that Czech startups offer more often software products than key technology solutions such as nanotechnologies, advanced materials or manufacturing technologies.
Innovation is not linked only to the capital city of the Czech Republic, even though the majority of startups is based in Prague. Brno, the second largest city, is becoming known as Svratka Valley as it is built on the river Svratka and boasts a significant concentration of startups and big corporations like IBM and Red Hat. Here, the spirit of entrepreneurship became a distinctive feature of the city, thus transforming Brno into a perfect environment for the development of innovative mind-sets.
Relevant sectors: Information and communication technologies, nanotechnology, cybersecurity
Czech Invest is open for collaboration with investors, accelerators, public and private organisations that can strengthen the competitiveness of the Czech ecosystem and improve the position of the startups in Europe.