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Startup

The government has invested nearly CZK one billion in start-up support. However, for most projects, it did not monitor their actual impact

The Ministry of Industry and Trade (MoIT) provided a total of CZK 914 million to the CzechInvest agency to support start-ups. The funds were intended to contribute to the establishment of new companies, their growth, entry into foreign markets, the development of innovations, and the testing of new technologies. An audit by the Supreme Audit Office (SAO) revealed that, for most projects, the MoIT did not monitor whether these objectives had been…