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CzechInvest starts cooperation with fifty new startups in the Technology Incubation project

26.03. 2024
line-arrow CzechInvest starts cooperation with fifty new startups in the Technology Incubation project

As part of the second call for the Technology Incubation project, CzechInvest will support 53 startups with over CZK 135.5 million. Artificial intelligence and creative industries predominate.

“Each startup is now set up with a so-called incubation package that reflects its specific needs, and at the same time, it is awaiting intensive cooperation with an incubation manager who will accompany it throughout the house of our mutual cooperation. In addition to mentoring, this support takes the form of providing specific tailored needs, workshops, consultations with experts, or connections to key players who are an important part of the startup ecosystem in the area. At the same time, we hope that the startups from the second call will do as well as the startups from the first call – from regular monitoring, we have found, for example, that the number of employees of startups after entering the Technology Incubation increased by a third, or that during 2023 the total revenue of startups increased by CZK 100 million,” says Tereza Kubicová, deputy of the CzechInvest agency for technological development.

Within the second call of the project, the so-called. over five hundred startups registered for pre-incubation, and 196 of them eventually applied. The evaluation committee recommended to support a total of 55 startups. Due to the high quality of the submitted projects, it was also decided during the evaluation to increase the planned allocation by CZK 30 million. The formal requirements for the vast majority of startups have been fulfilled and 53 startups are currently undergoing the incubation mode, thanks to which they will achieve both direct support in the form of a grant and indirect support in the form of workshops, seminars and business development that will lead to the development of their business. In total, 90 startups are now developing in the program .

Of the new startups, 35 are being developed in STANDARD mode, i.e. will receive direct support of up to EUR 1.1 million. CZK, 18 startups in the PLUS mode, where direct support amounts up to CZK 4.5 million. CZK. The indirect aid is the same for both schemes and amounts to CZK 500 000. The total support for new startups is over 135.5 million CZK. CZK.

The next call will be launched in April. All interested start-ups can now apply for the so-called. pre-incubation, where they will be assigned a consultant who will help the company prepare its application and, if interested, connect it to relevant scientific and commercial partners. CzechInvest supports the space technology sector through a combination of two projects – Technology Incubation and the ESA BIC Czech Republic Incubator, which closed its call on 22. March, and the amount of the subsidy was increased to EUR 200,000 thanks to the Technology Incubation. The next call for space startups is scheduled for September this year.

The Technological Incubation project is implemented with financial support from the state budget through the Ministry of Industry and Trade in The Country for the Future programme and represents a major investment in the future of Czech industry. Over five years, it expects to support more than 250 innovative startups with approximately CZK 680 million in seven key areas.

David Horinek

PR Manager and Spokesperson

+ 420 724 591 667

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