Billions Flow into Defence Technologies in Eastern EU, while Czechia Remains on the Sidelines
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Countries of the EU's eastern flank have in recent months been attracting more and more money into defence technologies. Venture investors are paying close attention to companies developing so-called tough tech, that is, demanding technologies with high scientific and engineering complexity.
This trend, however, does not apply to all countries in the region. According to a new overview, Czechia is the only country on the EU's eastern flank whose startups in this segment have received no money from venture investors this year. Other countries in the region did obtain financing during the same period. The article does not describe the specific reasons for this difference.
The situation is important mainly because the defence industry and related technologies are developing rapidly in Europe due to the security situation on the continent. Czech startups may therefore miss out on opportunities that their foreign competitors are using. Investor interest in this sector is meanwhile growing across Europe.
It is not yet clear whether the situation in Czechia will change in the coming months. Founders of startups, investors, and state institutions that support innovation and defence research will be watching developments closely.
Sources: wired cz
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