Where does it say about the Technology Incubation Project…

Anyone looking for capital for their project now may find it extremely difficult. But it is an incredibly promising time for investors in startups. The participants of this year’s prestigious Engaged Investments conference, which is organized annually by the investment company DEPO Ventures, agreed. The international event attracted over 250 investors to Prague, almost half of them came from abroad. The event featured 34 prominent speakers from developed venture capital countries such as the United States, the United Kingdom and Estonia. The general partners of the conference were the Czech funds J&T Ventures and Presto Ventures. However, the entire domestic startup ecosystem, including the best-known funds Credo and Rockaway, joined the event.

Czech startup Filuta AI has a huge drive. It was co-founded by Filip Dvořák, who lived in the USA for years, worked for Google and Microsoft, has several doctoral degrees and is now working on his own project focused on artificial intelligence. It is developing its own composite AI platform to help companies find and solve problems of all kinds. Imagine the vast amount of data that passes through a company every day – from IT to internal processes to cybersecurity. And this is where Filuta AI comes in with its solution to detect any error in the system and seek its optimal solution and settings.

The state agency CzechInvest will support 55 startups focused on artificial intelligence, ecological technologies, mobility or creative industry with more than CZK 135 million. Companies could apply for subsidies in the second call of the Technology Incubation programme from 18 May to 19 June 2022, 196 have applied. CzechInvest plans to publish the third call by the end of the year.

196 startups applied for the second call of the Technology Incubation project. As in the first call, innovative projects in the fields of creative industries, artificial intelligence, mobility, ecology and circular economy were eligible to apply for support. In total, up to 55 startups will be supported with over CZK 135 million. CZK.

Convenient payment with QR codes, help with invoices or even menu creation by artificial intelligence. This is also what digital transformation means, which is currently planned by a third of companies with up to 250 employees. But at the same time, they would take more subsidies or training for employees in the area of digitalisation, according to a new survey for the Association of Small and Medium-sized Enterprises (AMSP). The process brings with it the security that is cyber attacks.

This autumn will not only smell of hot fruit tea and goodies, but you can already smell another opportunity for startups in the air! Innovative companies will be able to spice up their business and the third call of the Technology Incubation project can help them to do so. Do you want some chili peppers? Barbecue seasoning? Or would you rather just curry?

Pavel Fáček, CEO of Skilldevelo, founded the startup with his colleagues a few years ago. As he says himself, he does not belong to the category of young startups, but he has years of experience from the corporate sector and now he is using his experience with his similarly old colleagues in the Skilldriver project, which is incubated in the first call of the Technology Incubation Programme of the CzechInvest agency.

The biggest motivation for digitalization is to increase efficiency or productivity and reduce costs. The introduction of AI can bring cost savings, increased efficiency or productivity and better data analysis. Surprisingly, 4 out of 10 enterprises report that artificial intelligence (AI) and cloud computing will not impact their companies’ industries in the next 5-10 years. Other interesting data is brought by the current survey of IPSOS agency for the Association of Small and Medium-sized Enterprises and Tradesmen of the Czech Republic (AMSP CR) on the topic of digitalization and cybersecurity within the Year of Sustaining Business.