The Importance and Support of High-tech Micro and Small Enterprises and Their Development in the Czech Republic and the South Moravian Region

Abstract

Micro and small enterprises provide a large part of employment and are important for the economy. The high-tech sector is defined by Eurostat, and enterprises in this sector heavily use highly advanced or cutting-edge technologies, and the development of their outputs is often combined with high innovation and/or R&D costs. These enterprises can have a large market potential and there is visible support from public, private and non-profit organisations. Over time, we observe a long-term growth of micro and small high-tech enterprises in the Czech Republic and South Moravia. The question is what is their current state of art and what is their prediction for the future.Micro and small enterprises provide a large part of employment and are important for the economy. The high-tech sector is defined by Eurostat, and enterprises in this sector heavily use highly advanced or cutting-edge technologies, and the development of their outputs is often combined with high innovation and/or R&D costs. These enterprises can have a large market potential and there is visible support from public, private and non-profit organisations. Over time, we observe a long-term growth of micro and small high-tech enterprises in the Czech Republic and South Moravia. The question is what is their current state of art and what is their prediction for the future.