Posted by on 5 Dec 2011. Filed under Business, Top news. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Four Slovak Companies Head to Silicon Valley

Thanks to the Start Up Development Program as reported on 4 November, four lucky companies are on their way to Silicon Valley in the US, where they will be hoping to win recognition in the Mecca of IT industry.

The programme is run by the Slovak Investment and Trade Development Agency (SARIO) with the support of the Ministry of Economy, and the four innovative companies have the chance in the first round to participate in an internship in Silicon Valley.

“The main objective of this project is to create a mechanism for the promotion and development of Slovak companies based on innovation and technology in order to secure their future entry into the global market. The aim is also to facilitate the transfer of know-how, technology and capital by attracting high-tech investments to Slovakia. “ Robert Simoncic, SARIO CEO said.

 The winners, Nicereplay, Coverpage, WorkInField, Studentive, emerged from the competition. The innovative projects were judged by the Joint Committee, which included the company Plug & Play from the U.S. The first two winners will travel to Silicon Valley in January 2012, with two more next spring.

The winners will receive a unique access to investors, great mentors and assistance in development of their companies.

“Start Up Development  Program” is an excellent way to create a link between Slovak companies in the technology sector and the experience which provides an area known for its expertise in Silicon Valley. It opens the door to our small and medium sized business entrepreneurs in the cradle, right in the center of global economy”, said Juraj Miskov, the Minister of Economy of the SR.

The project is scheduled to run till the end of 2012 and it is funded from the state budget. The budget for this project shall be used to open the incubator in Silicon Valley called STIC – Slovak Innovation Training Centre.

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