The lovely medieval cities of the former Czechoslovakia are an unlikely location for some of the world's smartest warriors against internet fraud. Yet they are home to three of the biggest purveyors of antivirus software: AVG Technologies in Brno and Avast Software in Prague, both in the Czech Republic; and ESET in Bratislava, in Slovakia. Each company claims to have over 100m users worldwide.
Czech programmers apart from working for giants such as Google and Facebook are also successful with their own ideas. For example, the British military trains use software developed in Mnisek pod Brdy and security software from Cognitive Security is used by the American Army and Navy.
Are you just starting as a company in an interesting and prospective field? Do you have something to offer but lack financial resources? Try to look for a possible angel investor. They are often people that had a successful company, made a large profit selling it and are now prepared to get financially involved in your project - if you get them interested.
Czech venture capital firm Credo Ventures invests €1 million into Czech-based Cognitive Security, a provider of state-of-the-art network security solutions for both enterprise and small to medium-size business markets (SMB). Funding comes from the Credo's Stage One Fund, which is directed toward innovative and early stage technology companies primarily in the Czech Republic and Slovakia.
The Credo Ventures fund, formed by Czech IT millionaires, start to invest. The first lucky firm to receive more than 24 million crowns is Cognitive Security which focuses on detecting sophisticated network attacks.
Start-up firm Cognitive Security, which focuses on protecting servers and networks against sophisticated hackers, receives an investment of one million euro from the Credo Ventures fund.
Czech Republic is planning to set up another three innovative entrepreneur incubators in Switzerland, Israel and Singapore. They will be funded from the EU funds.
Technology transfer, export of research, and know how will play an important role in Czech foreign trade. Even in the Czech environment there are researchers and human potential that can be easily exported in order to compete on a global scale. One of the successful links where a university environment is tied with industry is with the Department of Cybernetics at CTU, playing the role of "EU Center of Excellence".
An opportunity for Czech technological firms to gain experience from their USA counterparts - that's what the CzechAccelerator program offers. Throughout the CzechAccelerator program, firms can establish important business partnerships and find out how it works in legendary Silicon Valley. Already the third round of this program has been started by CzechInvest. Today, in cooperation with the Ministry of Industry Trade, future plans will be introduced.
At the beginning of next year, Czech government agency CzechInvest plans to allow another four Czech technological start-ups to spend three month in Silicon Valley. This year, already three firms have participated in this free of charge program. Where companies like Google, Apple, Intel and others are based, Silicon Valley, represents a global center of innovation, and should help small to mid-size Czech enterprises to find business partners.
Today, CzechInvest will announce the second round of calls for the CzechAccelerator program. In its first round, this program helped some Czech firms to find investors in the
On Monday, CzechInvest will open the door to three Czech companies the opportunity to travel to Silicon Valley. The three months stay for the winners will be covered by the CzechAccelerator program. The small and mid-size enterprises from the information technology, communication technology, biotechnology or microelectronic industry can apply.
The Czech government agency offers other Czech start-up firms in the technology industry to stay for three month in Silicon Valley. This free of charge opportunity has already been used by three Czech companies. From the first round of this program three companies recently returned: BoldBrick, Cognitive Security and Imagemetry. "Our stay in the Plug and Play Tech Center was a valuable experience that really helps to expand our knowledge and understanding of the market and its investors in the USA." comments the sales manager of Imagemetry, Petr Sidlo.
The first three Czech firms to participate in the CzechAccelerator programme administered by CzechInvest have returned from their stay in Silicon Valley. BoldBrick, Cognitive Security and ImageMetry spent three months at the Plug And Play Tech Centre, Sunnyvale campus in California, USA. One of the world's most successful business incubators.
Cognitive Security, whose R&D is funded by US Army starts to distribute its security software.
This is a report on the opening of the PlugAndPlayTechCenter.com. An interview with Martin Rehak in the studio. (starting at 20th minutes into the program).
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