The following paper presents observations on the Czech clusters landscape and outlines some key considerations for the future development of the region. These considerations may pose some open strategic questions, which can be addressed in the workshops of the “Clusters meets Regions” event. The following key takeaways are summarised below:
Context: Economic profile of Czechia
- The Czech economy is the 18th largest in the EU and has, over the last 20 years, enjoyed positive economic growth. Despite severe economic challenges during the 2020 COVID-19 pandemic, the country rebounded with increased GDP and managed unemployment effectively through government intervention.
- The sectoral & ecosystem composition, as well as specialisation in Czechia’s economy, present a diverse range of opportunities across different economic realms, with potential for leveraging these strengths to enhance regional growth through support for economic and cluster structures.
- The 2023 European Innovation Scoreboard categorises Czechia as a “Moderate Innovator”, showcasing a significant increase in its innovation performance over the past years. According to the 2022 Regional Competitiveness Index, Czechia's overall score falls just below the EU average, revealing significant regional performance disparities. Notably, Prague, the capital region, excels in innovation, underscoring its technological advancement within the country.