Start-up Ecosystem Support in the Czech Republic

Lately, young people have preferred to get a conventional job rather than doing business. This is because minimum unemployment allows them to choose between offers from many employers. It is also partly due to concerns about bureaucracy and the risk of sanctions. In addition, young people refuse to deal with things that cause stress: they do not live to work, but they work to live. But it is a warning – if we want to have Czech companies in the Czech Republic in twenty years, and if we do not want to be dependent on multinational corporations, it would be a good idea to finally start doing something. Specific steps that can be taken include reducing administrative barriers and endless regulation, speeding up a fully electronic business-to-state relationship, and setting up systematic and effective tools to support start-ups both within regional policy and at universities. This paper aims to map the Czech start-up scene, to contribute to the understanding of the issue and to point out possible directions for the development of this new entrepreneurial form. Several scientific methods were used to write this paper. The literature review is based on a compilation of scientific texts. The Czech start-up scene is mapped by comparing and analysing secondary sources and synthesising knowledge, supplemented by experts’ comments. The authors have contributed qualitative research in the form of semi-structured interviews with three start-up entrepreneurs. Deduction and suggestions are used in the discussion and conclusion.