CzechInvest aims to support startups as part of recovery

Published: 23.09.2022 Related countries:  Korea (south) Korea (south)

CzechInvest continues supporting fledgling startups

The CzechInvest agency is as part of the National Recovery Plan preparing an Internationalization project, the aim of which is to help Czech startups expand to foreign markets. It should support up to 100 startups by 2025 with a total amount of CZK 215m. Another project, to which almost 114 startups have already signed up as part of the first call, is Technological Incubation, which is aimed at budding entrepreneurs and students in the early stages of business. Petr Očko, deputy for digitization and innovation, who temporarily heads the CzechInvest agency, said that one crown invested by CzechInvest generated an average of almost thirteen crowns of turnover. The three most common areas of business are web services, e-commerce and marketing, and fintech.

Source: CIA News
Prepared by the team of foreign office CzechTrade and CzechInvest Seoul