Brno is a place to start a hi-tech business. Because of its success in attracting new businesses, a limited workforce is available but representatives are aware of disadvantages and are actively working to improve them.
Advantages Of Building A Startup In Brno:
- It’s one of the highest concentrations of R&D centres for international hi-tech companies (Honeywell, Konica Minolta, AVG, Y Soft, FNZ, Blaumer).
- Brno is a strategic point on the way to three European capitals: Vienna, Prague and Bratislava.
- Good startup supporting infrastructure exists consisting of the biggest innovation agency in the Czech Republic (JIC – - - South Moravian Innovation Centre), and startup oriented co-working centres (Impact Hub Brno, JIC Cowork, Distillary, Cowo etc.).
- The regional government (both Brno Municipality and South Moravia Region) supports the ecosystem services and financing (South Moravia cooperates with JIC Ventures investing to pre-seed staged startups).
- Home to many strategic areas open for new business, including: electron microscopy (a third of world’s electron microscopy production is made in Brno) and ICT Security (AVG company started in Brno, headquarters of two other big ICT Security companies (ESET, AVAST) can be reached within two hours).
- Local universities are producing a great amount of graduates ready to be employed each year.
- Brno has a warm and helping entrepreneurial ecosystem.
What Founders Should Consider:
- Airline flights from/to Brno are limited (today, there are direct flights only to London, Munich and Eindhoven).
- Highways connecting Brno with other cities (Prague, Vienna and Bratislava) are currently being repaired.
- Lack of contemporary IT specialists (dynamic growth of IT companies in recent months).
Find out more (in English).
Also, among the Czech representatives participating in the regional competition for the fastest-growing technology company (Deloitte Technology Fast 50), the top spot was taken by DataSpring, a provider of cloud and IT services. Second place was taken by the internet retailer ZOOT and among the Czech representatives MUSOFT.CZ, a company specialising in analyses, methodologies and programming of extensive database information systems for memory institutions, placed third. These are the results of the latest Deloitte Technology Fast 50, a ranking of the fifty fastest-growing technology companies in Central and South-Eastern Europe.
The number of companies participating in the competition for the first time was 43 and included those that ranked first, second and third; one company moved up in the ranking and six moved down;
The ranking was dominated by companies engaged in IT and digital solutions (41 companies), followed by media and telecommunication companies (6). The remaining three companies focus on technologies and energy.
This year’s Technology Fast 50 saw the participation of companies from eleven countries: Poland (17), Czech Republic (7), Croatia (6), Slovakia (5), Hungary and Romania (four companies each), Lithuania (3), Bosnia and Herzegovina, Bulgaria, Serbia and Slovenia (one company each).
Download the full press release here.
24th March 2017