Innovation may be a buzzword but its not a goal in itself. Impact and profit matters. We want to support projects that stood the test of real world use and bring undisputable benefits, and help them scale up and mainstream. We support the development of such an ecosystem, which enables innovations to occur naturally. This is our guiding principle.
We serve as partner to business, education, research and public institutions
We facilitate connections among enterpreneurs, education sector and public administration in Prague. We are the only innovation center in the Czech Republic pursuing knowledge economy policy and education strategy under one roof. We support innovative projects in space, bio-tech, AI and creative industries as well as education sector. But we also aim at supporting innovations that help improve the city´s infrastructure and environment.
Why Innovations in Prague
Prague is one of the best suited places not only in the Czech Republic, but in Central Europe as a whole, to become the innovation center comparable with other developed European metropolises. Its universities, research facilities and businesses represent a great foundation necessary for building functional innovation infrastructure – from education, through city development and environment, enterprise, to social and cultural events.
According to the European Commission, Prague is, together with Estonia, the most developed region in the former Eastern Bloc countries. However, when compared to the leaders of innovation in the Western Europe, it can still be considered second rate.
Prague Institute for Innovation was established in order to make use of the vast potential the capital city houses; to provide the necessary support to the multitude of actors in the field of innovation. Whether that means the ability to scale a systemize innovation, or find partners, or open up new opportunities in Prague, around our country, and aboard.
Our motto is Teamwork and Feedback!
Prague Innovation Institute was founded in January 2020. The public benefit organization was established as a registered office by the Capital City of Prague. It is controlled by the Board of Directors and the Supervisory Board. The main goal of PII is to plan, support and advance education, environmental protection, the city´s infrastructure, and scientific, R&D, creative, cultural and innovational enterprises and non-business activities in order to improve Prague´s competitiveness.
The role of PII is to make connection between the academic, public, and private spheres. PII is funded by its founding institution and through the EU funding programs. Private funding is expected to become relevant in the future as well.