Prague's tech renaissance: Driving growth and investment

Published: 27.02.2024 Related countries:  Morocco Morocco

Prague's technological landscape is thriving, marked by pioneering ventures and surging investor enthusiasm, placing it at the forefront of the global tech arena.

Prague's tech scene is booming, with ambitious projects and increased investor interest propelling the city into a leading position in the global tech landscape.

Transforming Strahov staadium: Prague's ambitious tech center

Built nearly a century ago, Prague's Strahov stadium is set for a remarkable transformation into a cutting-edge technology center. With a €400mn plan approved by city authorities, the project aims to provide state-of-the-art facilities for students and entrepreneurs to innovate in fields like robotics, AI, and medical engineering.

Government funding boosts tech competitiveness

The national government's allocation of 1.3bn korunas ($57.5mn) to finance start-ups underscores Prague's commitment to becoming a global tech leader. The initiative seeks to support promising areas with high growth potential, bridging the gap between research and practical application in digital technology.

Venture capital scene: Prague's rise to prominence

Prague's venture capital scene has seen remarkable growth, attracting both local and foreign investors. With success stories like Czech software company Productboard reaching unicorn status, Prague is becoming a magnet for tech startups. Despite regulatory challenges, the city's low operating costs and entrepreneurial spirit continue to drive innovation and investment in its tech sector.


The article was prepared by the CzechTrade Morocco office.