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 o?ers from many employers. It is also partly due to concerns about bureaucracy and the risk of sanctions. In addition, young people refuse t...

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Main Authors: Miroslav Pavlak, Nadezda Petru
Format: Article
Language:English
Published: University of Finance and Administration 2018-09-01
Series:ACTA VŠFS
Subjects:
Online Access:https://www.vsfs.cz/periodika/acta-2018-2-04.pdf
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author Miroslav Pavlak
Nadezda Petru
author_facet Miroslav Pavlak
Nadezda Petru
author_sort Miroslav Pavlak
collection DOAJ
description Lately, young people have preferred to get a conventional job rather than doing business. This is because minimum unemployment allows them to choose between o?ers 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 fnally start doing something. Specifc 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 e?ective 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 scientifc methods were used to write this paper. The literature review is based on a compilation of scientifc 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.
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spelling doaj.art-fac1e857004947fc991df8068986a76b2022-12-21T23:55:00ZengUniversity of Finance and AdministrationACTA VŠFS1802-792X1802-79462018-09-01122165190Start-up Ecosystem Support in the Czech RepublicMiroslav Pavlak0Nadezda Petru1University of West Bohemia in Pilsen, Faculty of EconomicsUniversity of Finance and Administration, Faculty of Economics StudiesLately, young people have preferred to get a conventional job rather than doing business. This is because minimum unemployment allows them to choose between o?ers 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 fnally start doing something. Specifc 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 e?ective 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 scientifc methods were used to write this paper. The literature review is based on a compilation of scientifc 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.https://www.vsfs.cz/periodika/acta-2018-2-04.pdfsmall and medium enterpriseentrepreneurshipstart-upCzech RepublicCzechInvestCrowdfunding
spellingShingle Miroslav Pavlak
Nadezda Petru
Start-up Ecosystem Support in the Czech Republic
ACTA VŠFS
small and medium enterprise
entrepreneurship
start-up
Czech Republic
CzechInvest
Crowdfunding
title Start-up Ecosystem Support in the Czech Republic
title_full Start-up Ecosystem Support in the Czech Republic
title_fullStr Start-up Ecosystem Support in the Czech Republic
title_full_unstemmed Start-up Ecosystem Support in the Czech Republic
title_short Start-up Ecosystem Support in the Czech Republic
title_sort start up ecosystem support in the czech republic
topic small and medium enterprise
entrepreneurship
start-up
Czech Republic
CzechInvest
Crowdfunding
url https://www.vsfs.cz/periodika/acta-2018-2-04.pdf
work_keys_str_mv AT miroslavpavlak startupecosystemsupportintheczechrepublic
AT nadezdapetru startupecosystemsupportintheczechrepublic