Innovation Strategy 2019 - 2030

Published: 21.03.2019 Related countries:  Egypt Egypt

New Strategy in the Czech Republic

 The Government presented the Innovation Strategy of the Czech Republic 2019-2030

The Czech Republic wants to become an innovative leader in Europe. Prime Minister Andrej Babiš, who is also chairman of the Government Council for Research, Development and Innovation (RVVI), presented this week's Innovation Strategy of the Czech Republic 2019-2030 together with Vice-President RVVI Karel Havlíček. The conference, which published the framework plan of the Strategy, was organized by the Office of the Government of the Czech Republic and RVVI with the participation of personalities of the Czech academic and business innovation environment.
The government has adopted the Innovation Strategy as a key government document. The strategy was elaborated by RVVI, which is responsible for its implementation, in the direct responsibility of the President of the Council and the Prime Minister in one person. The government has committed itself to increasing public spending in this area to CZK 65 billion to CZK 70 billion over the next ten years. In 2025, they should reach 2.5% of gross domestic product, another five years later 3% of GDP.
“The consistent implementation of the strategy is not just about moving into the ranking of innovative companies in the first European league. If we succeed, we will strengthen the final production, the creation of added value that will be created in the Czech Republic. This will mean higher wages, higher profitability for companies and, logically, higher government revenues. At the same time, we will strengthen our independence, ”added Prime Ministers to his own contribution to the key document.
Currently, a framework strategic plan is in place, which includes a complete innovation chain from basic research support, applied research, development to industrial applications and enterprise innovation support. For the first time ever, all major actors in the innovation ecosystem agreed on such a strategic document: the Academy of Sciences, the most important universities, representatives of large companies, small businesses, research organizations, and ministries.

Source: Government Office