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3. 8. 2020, Marianna Zapotilová

Top news: Jakub Havrlant: Why the state should support young tech companies with private sector investors

The Czech Republic lags behind Western and Central European leaders in supporting new tech companies. Venture capital investments are 1/10 to 1/12 (per capita) of those in Germany or the Netherlands, and even half of those in Poland. Yet we have no shortage of either human capital or potential – companies like Seznam.cz or Avast are proof we are absolutely in the same league as global groups. For the time being, however, the Czech Republic lacks sufficient financial support or the requisite mind-set. And yet, reform of the current state of affairs could help our economy react to the COVID-19 crisis.

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