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Praha located in the banska bystrica region of slovakia has a burgeoning startup scene that is making waves in the tech world the area has a rich history of entrepreneurship with many successful companies being founded here over the years the geography of the area is diverse with rolling hills and lush forests providing a stunning backdrop for the city the population of the area is around 50000 with a mix of young professionals and established families technological innovations in praha have been on the rise in recent years with many startups focusing on cuttingedge technologies like ai blockchain and machine learning companies like sygic a navigation app and pixel federation a game development studio have made their mark on the industry and continue to thrive local universities like matej bel university and the university of banska bystrica have played a key role in fostering the startup scene in praha providing a steady stream of talented graduates to fuel the growth of new companies the living wage in the area is around 800 per month and the unemployment rate is relatively low at 65 the city level gdp of praha is around 15 billion and the rate of new companies starting and ending is fairly stable overall the startup scene in praha is thriving thanks to a combination of talented entrepreneurs supportive universities and a favorable economic climate with continued investment and support praha is poised to become a major player in the global tech industry
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