The Czech Republic has a strong industrial base and export-driven economy.
Pros of launching a startup in the Czech Republic include a skilled and cost-effective workforce, strategic location in Europe, membership to the European Union, governmental support, strong industrial sector, supportive startup community, relatively stable government and economy, and focus on research and development.
Cons of launching a startup in the Czech Republic include an ageing population, complex regulatory environment, conservative investment culture, limited collaboration between large corporations and startups, limited access to late-stage funding, dependence on exported energy, and a fairly small domestic market.
Unicorns in the Czech Republic include Product Board valued at $1.725 billion, Rohlik Group valued at $1.05 billion, and Avast valued at $8.86 billion.