R&D investment leaders include ŠKODA, Continental, Valeo

Published: 04.07.2022 Related countries:  Czech Republic Czech Republic

Foreign-owned companies in the Czech Republic typically spend around 70 % of their expenditures on research and development

ŠKODA AUTO, Continental, Valeo, Honeywell International and GE Aviation Czech invest the most in research and development (R&D) in the Czech Republic. This follows from CzechInvest data, according to which a large number of research centres is located in the Central Bohemian and South Moravian regions. Domestically, Czech companies invest about 60 % of expenditures in R&D while foreign-owned companies achieve higher numbers, and CzechInvest's clients specifically spend up to 70% of their expenditures on research and innovation. Therefore, according to the agency, the support of foreign investments is of crucial importance for the Czech Republic.

Delivered by CzechTrade team Canada
Source: ČIA