CZECH REPUBLIC

The Czech Republic is among the group of Moderate innovators with innovation performance below the EU27 average but the rate of improvement is above that of the EU27. Relative strengths, compared to the country’s average performance, are in Firm investments, Innovators and Economic effects and a relative weakness is in Throughputs.

Over the past 5 years, Throughputs, Human resources and Finance and support have been the main drivers of the improvement in innovation performance, in particular as a result from strong growth in S&E and SSH graduates (18.1%), Venture capital (26.6%), Private credit (13.6%), Broadband access by firms (20.1%), Community designs (24.5%) and Technology Balance of Payments flows (14.5%). Performance in Innovators has worsened, due to a decrease in SMEs introducing product or process innovations (-2.6%).