Interested in the U.S.

Monday, 04. June 2012

Other Slovak innovative companies can go to USA. Slovak Agency for Investment and Trade Development (SARIO) continues to search for companies to stay in the center of IT industry Silicon Valley. Slovak Start-up Development Program of SARIO caused a stir among young entrepreneurs. 24 innovative projects applied for the internship at a prestigious business incubator.


“We are pleased with the interest of young innovative companies in our program. There is only one purpose – to promote and develop Slovak companies for the purpose of entering the world market“, CEO SARIO Robert Simoncic said.


10 out of the 24 companies will be chosen to the finals by expert committee. Four winning projects will go to Silicon Valley. The first two winners will travel to the U.S. for a three-month program in July, another two in October.


“Thanks to SARIO, young and aspiring entrepreneurs acquire the necessary know-how how to build a company with a regional or hopefully global reach. I believe that also thanks to our program they might become successful” Deputy CEO SARIO and Head of the FDI Section Andrea Gulova said.


The main prize is a three month stay in the Plug and Play Tech Center in Silicon Valley in USA, which is provided by SARIO through the Slovak Start-up Development Program. The winners will receive the unique access to investors, mentors and a great help in company development.


“The Slovak Start up Development Program could result in bringing a man like Steve Jobs to the management of offices, because so much paperwork and runarounds might limit any innovative idea " saidJozef Vodicka, co-founder of project TrashOut and one of the registered candidates.


SARIO strives to become a modern investment and trade promotion agency, which will be seen by foreign investors and domestic partners as a vehicle for growth and innovation in the SR. SARIO wants to facilitate the development of Slovak economy by attracting new investment and trade promotion, which would result in new jobs and raising living standards in Slovakia.