Back
Automatically translated version. May contain inaccuracies compared to the original.
The Czech authorities are preparing a large-scale investment program to support high-tech startups in artificial intelligence, cybersecurity, and robotics. The government plans to allocate 1 billion korunas to attract private capital and support more than a hundred innovative projects.
How the new investment model will work
According to the publication Czechia-Online, the Czech Republic is preparing a new funding scheme for young tech companies. The government wants to invest alongside private investors, not just grant money, so this refers to a different form of support. Priority projects were named in the fields of artificial intelligence, robotics, biotechnology, and cybersecurity.
Under this scheme, the state share in each fund will not exceed 30%. If the entire 1 billion korunas is invested on these terms, it could be complemented by roughly 2,3 billion korunas of private capital, and the total size of the funds will exceed 3,3 billion korunas.
The state will not choose the startups. To operate, they plan to select five to seven specialized venture funds, which will make decisions on specific investments.
Fuel
Average prices at the Amic Energy gas stations network as of
Who can receive funds
In the first phase, through these funds, support will be available to from 100 to 140 companies. Primarily, this concerns technologies that require large investments before product launch and before any profit.
The program will be aimed at companies connected to the Czech Republic. It does not necessarily have to be purely Czech enterprises—it's sufficient that a significant portion of the team works in the country or that a research center is located there.
When the program may start operating
In the Czech Republic, the development of artificial intelligence has already been specifically enshrined in the national strategy until 2030 year. The funds for the new program are expected to come from money returned under the European program “Entrepreneurship and Innovation for Competitiveness,” so no additional government budget expenditures are anticipated.
The project is to be submitted for government approval in the autumn, and, under favorable conditions, the new instrument could be launched at the beginning of 2027 year.
Document: PDF proof of the original version of the news item "Чехія інвестує мільярд у штучний інтелект і роботів". It records the publication content at the moment of the first scan, the preservation date and the source: Channel 24.
