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Startups in Slovakia are particularly strong in IT, health care and education, but their growth is hampered by limited access to financing, a shortage of skilled talent, and a small domestic market, according to a report prepared by Slovenská Sporiteľňa in cooperation with the consulting company Civitta.
Almost half of Slovak startups operate in Bratislava Region, and 9 percent are already based abroad. One quarter plan to relocate from Slovakia, citing insufficient investor access, limited financing options and a lack of high-quality support infrastructure.
Nevertheless, Peter Kolesár, senior advisor at Civitta, believes several startups have the potential to become Slovakia’s first unicorns – startups valued at $1 billion or more – within the next three to five years.
“Unicorns matter, for they serve as a symbol and example to others, and as a catalyst for positive change,” Kolesár told The Slovak Spectator in September 2025, adding that Slovakia’s first could emerge from health care or another innovation-driven sector.
September 2025
Startup Awards Slovakia launched its 13th edition, introducing a new category for student-led startups.
August 2025
Rewardly, founded by three Slovak entrepreneurs, aims to transform the gastronomy sector by replacing impersonal email newsletters with personalised loyalty programme management. The platform uses data analytics to help restaurants and cafés communicate more effectively while maintaining a personal connection with customers.
The Innovation Centre of the Košice Region (ICKK) organised the Founders Challenge, a competition helping secondary school students from eastern Slovakia develop startups. Participants received mentoring and up to €20,000 in financial support. The 2025 winner, a team from the Secondary School of Electrical Engineering, created Škola vo Vrecku (School in Your Pocket) – an app digitising school life.