The new venture program has startups in Slovakia
Slovenská sporiteľňa has established a new corporate risk capital program. The bank’s subsidiary Seed Starter SLSP is mainly about content support for young technology startups in Slovakia, but also about their financing and creating a suitable environment for their growth, including entering the market.
The goal is to help create an environment for the creation and growth of innovations in Slovakia. Peter Krutil informed the director of the General Bank about it.
“Startups are the key to a more resilient economy. They create jobs with high added value the fastest and attract talent from all over the world,” said Peter Kolesár, a partner of the consulting company Civitta, on this occasion.
He stated that in Slovakia last year, venture capital investments in startups per capita were only 29 euros, which is the lowest among the groups of countries in Central and Eastern Europe. In the Vyšehrad Four, development capital investments in startups are in the Czech Republic with 80 euros, all of Poland with 48 euros, and before Slovakia is also Hungary with 45 euros.
Last year, Slovakia also had a low number of startups per million inhabitants compared to other post-socialist countries in Europe. There were 97, which is the fourth lowest number.
Among Slovakia’s neighbors, Poland fared worse with 80 and Ukraine with 29. The Czech Republic has 126 startups per million inhabitants, which is just above average in CEE. According to Kolesár, Hungary is right above him with 130.
In the Czech Republic, such a program has been operating for three years and has already invested around 4 million euros in startups. “At home, we benefit from ideas coming from the university environment, which we have to honestly admit, Slovak students from Brno also benefit from,” said Jiří Skopový, CEO of Seed Starter Česká sporiteľna.
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