📋 Tender Overview
The Ministry of Industry and Trade MIT will mediate to the European Investment Fund EIF approximately CZK 1.3 billion from the National Recovery Plan NPO to support digital technologies. The agreement on financing Czech start-ups and spin-offs at an early stage of development was signed today by Minister of Industry and Trade Jozef Skela and EIF Executive Director Marjut Falkstedt.The priority of the Ministry of Industry and Trade is to support small and medium-sized enterprises which are the backbone of our economy. And also in the area of fast-growing promising companies - start-ups. It is crucial for the competitiveness of the Czech Republic that we support new projects with high added value and keep pace with other countries. Therefore together with the European Investment Fund we will launch three pilot funds that will help start-ups with financing at their beginnings says Minister of Industry and Trade Jozef Skela adding The projects will be financed from the National Recovery Plan. The aim now is to support selected areas with great potential where the market needs help for various reasons such as technology transfer from cutting-edge research to practice. In the future we want to focus on strategic technologies for the entire European Union such as renewable energy biotechnology microelectronics and other sectors.Investing in three funds with specialized strategies will bring new types of investment instruments to the market. All funds will be managed by independent private investment teams selected by the EIF using a standard investment process through which it has so far allocated almost 300 million to 15 Czech equity funds.The first and ready is a co-investment fund for companies in the early stages of development. The call should be announced in a matter of weeks says Petr Oko Chief Director of the Digitization and Innovation Section adding This will be followed by technology transfer in AI from universities and support for companies in the field of financial technology. We would also like to support the field of strategic technologies especially energy innovation biotechnology and microprocessors. The planned funds are pilot projects that may be followed by further funding in the future. Overall the Fund will support the digital transformation of the national economy and the development of the Czech venture capital market.The Czech Republic is expected to receive 7 billion in grants from the National Recovery Plan. The three planned funds will be complemented by other actions focused on innovation in the context of smart cities Industry 4.0 and quantum communication infrastructure.
