Abstract
The following work should briefly outline environmental conditions for innovative entrepreneurs and start-ups in an area of information and telecommunication technologies, conditions in the Czech Republic and present research of the effect of subsidies on innovative companies and innovation results. Although some studies show correlations among subsidies in ICT, innovations and economic growth, it is usually reflected only in some industry sectors and in some stage of economy evolution. Or there is a correlation only if there are also other fulfilled conditions as investments into human resources. In general, studies mostly yield evidence of strong positive correlations between ICT areas and economic growth in modern economies as it participates in the reduction of transaction costs, increases production factor productivity and creates completely new solutions for current problems.
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