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80% of Czech startups plan to expand abroad

Nearly 80% of Czech startups plan to expand abroad, according to a study by Startup Report, carried out in cooperation with the government agency CzechInvest, Czech Radio reports.

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Around 30% of Czech startups are currently doing business outside the Czech Republic. More than 70% of Czech start-ups, supported by CzechInvest, took part in foreign acceleration programs, most of them in Silicon Valley, New York, London and Lisbon.

The study was based on a survey carried out among 150 Czech startups between November 2019 and February 2020, Czech Radio adds.