Over the past decade, Slovakia has reformed its taxation, healthcare, pension, and social welfare systems, attracting large inflows of foreign investment into the automobile and electronic sectors, and becoming Central Europe’s first country to adopt the euro in January, 2009. But Europe’s economic woes have slowed growth. The Slovak government believes it must forge ahead finding new and innovative sources of growth - particularly on the Internet.Google Hangout with Israeli venture entrepreneur Jon Medved . Medved has invested in over 100 Israeli startup companies, helping 12 of them to get to valuations in excess of $100 million. His presentation, entitled “Israel - the Power to Astonish,” explained to the online audience that venture capital for web startups was flowing into israel despite the global economic crisis. What is Israel’s “special sauce?,” he asked rhetorically. “A willingness to accept risk and failure,” he answered.Hospodarske noviny streamed the hangout live on its website and four national startup hubs participated. We are planning to continue these hangouts from Finland and elsewhere, creating a series of “Innovators Connect” policy discussions about innovation and Internet Economy. Tune in and see if Slovakia can become the next hot e-country.Posted by Ondrej Socuvka, Public Policy Manager, Bratislava
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