“Within the framework of the Technology Incubation project, we are opening another challenge for innovative startups, which are the driving engine of the advanced economy and at the same time are beginning to contribute to an increasing extent to employment and the gross domestic product of the Czech Republic. With the new challenge, we are not only targeting current entrepreneurs, but also investing in the future, in new ideas and new business plans. The Czech Republic has the potential to become a centre of innovation and the Technology Incubation Project plays an important role in realising this vision,” said Jan Michal, Director General of the CzechInvest agency.
It has been possible to apply for the Technology Incubation three times already. 116 startups applied for the first call, of which 37 successfully passed the evaluation and entered incubation with a total allocation of CZK 98 million. In the second, 53 applicants (out of a total of 196) were successful and received a total of 138 million in support. The third call also allowed companies from the fields of biotechnology, advanced materials, healthcare or security solutions to apply. A total of 169 applications have been received and CzechInvest is currently finalizing their evaluation.
“In the last, third call, 47 companies were selected, which received the most points from the expert committees. A formal check will now follow to verify that the formal conditions will also be met. We will be delivering the results to all applicants in the next few days so that those who have not received an allocation have the chance to reapply,” says Tereza Kubicová, deputy for technological development at the CzechInvest agency, who adds: “Due to the great interest in new areas, we have modified the new call so that a larger amount of money is allocated for companies in the fields of biotechnology, advanced materials, healthcare and security solutions, as these sectors were not covered by the first two project calls.”
All those interested can enjoy the event from 30. April, they can download the documents needed to apply, including detailed information about the call, from the website . Their reception will then begin on Thursday 2. May and will run until 30. May 2024. The newly launched fourth call is open to applications in all supported technology areas – mobility, artificial intelligence, creative industries, eco-innovation, advanced technologies and materials, and life, health and safety.
This year, opportunities for space technology startups are also expanding thanks to the linking of the European Space Agency incubator (ESA BIC Czech Republic) operated by CzechInvest with the Technology Incubation programme. This collaboration will enable startups from the space sector to reach up to 200,000 euros in support and will expand incubation opportunities overall. The Space Incubator operates through separate project calls. The current call is open until 5. September. At the same time, startups from all fields, including those using space technology, can apply for the so-called pre-incubation, which offers the possibility of advice on project plans. CzechInvest has prepared two calls again this year. The next one, the fifth, is planned for autumn 2024.
Technology Incubation is the largest initiative to support start-ups in the history of the Czech Republic and is funded by the state budget through the Ministry of Industry and Trade under The Country for the Future programme. It envisages supporting up to 250 innovative start-ups with approximately CZK 680 million in seven technological areas where the Czech Republic has a high competitive potential.
The text of the current call and further information can be found here.
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