Innovative Prague VI

Innovative Prague VI

Prague is not only an amazing historical city with a wealth of monuments, excellent gastronomy, cordial residents, and a wide range of events. It is also a modern and innovative science hub. Prague excels in many fields, such as artificial intelligence and robotics, biomedicine, low-carbon technologies, data technologies and selected creative industries, providing ideal opportunities for holding conventions and conferences with the matching topics.

In the sixth edition of our summary of recent news about innovation we will explore how Prague and the Czech Republic support science and research, whether the Czech capital is attractive for foreign investors, and at the end we will invite you to the largest popular educational event in the Czech Republic.

Prague Know-How Attracts Foreign Capital

In the recently published report of fDi Intelligence under the European Cities and Regions of the Future 2023 title, Prague received a very favourable rating, especially in terms of attractiveness for foreign investors, potential for economic growth and business expansion. In the ranking of mid-sized cities, the Czech capital even ranked third. The report specifically highlighted the skilled workforce, training opportunities and the level of know-how in IT fields.

The fact that Prague is one of the leaders in the IT field is also confirmed by the ranking of the best institutions in the field of informatics. According to it, based on the evaluation of scientific results, research teams from the Faculty of Electrical Engineering of the Czech Technical University (FEE CTU) and the Czech Institute of Informatics, Robotics and Cybernetics of the Czech Technical University (CIIRC) ranked among the five best European workplaces in the 2018 to 2023 period.

However, crucial is not only development and research, but also the security of IT structures. However, the Czech Republic is not lagging in this respect either. On the contrary, the e-Governance Academy Foundation awarded the Czech Republic fourth place in the National Cyber Security Index (NCIS). This continuously updated index primarily assesses how prepared a country is to face cyber threats and to manage potential attacks.

Prague Continues to Ïmplement Its Innovation Strategy

The Prague City Council has recently adopted the Action Plan as part of its RIS3 innovation strategy. It includes a total of 25 innovation projects focused primarily on artificial intelligence in transport, machine learning or remote diagnostics in healthcare. In the grant programme, these projects received almost CZK 10.5 million.

However, the Czech Republic has been supporting science and research for a long time. In 2021 alone, private entities received almost eight billion crowns from public funds to support this area. Over the past ten years (2012 to 2021), private companies have received a total of CZK 70 billion from public sources for research and development. This has been reported by the website based on the 2021 report of the Czech Statistical Office on tax support for research and development.

Biggest Popular Educational Event in the Czech Republic Soon in Prague!

At the beginning of June, PVA Expo Prague will welcome the largest event focused on science and research again: the Science Fair 2023. The event, organized by the Academy of Sciences of the Czech Republic, is intended for the public, and it will offer more than a hundred expositions with accompanying programme over three days. Entry to the event is free, seat reservations are required only for some of the accompanying programmes. Come from 8 to 10 June to explore the expositions!

Would you like to learn more interesting facts? Read the three previous issues of Innovative Prague:

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