Abstract
The present study seeks to explore the concept of “smart economy” through the definition of the smart city. It also presents smart city subsystems and the smart city model. It focuses on smart and creative startups within the smart city model. The research examines medium-sized cities in the Visegrád countries (Czech Republic, Slovakia, Poland, Hungary) with a population ranging from 100,000 to 1 million inhabitants for startups. The research question is: Where are the medium-sized cities in the Visegrád countries that are both startup centers and smart cities? In the course of the research, the term “smart cities” was based on the definition set by the European Commission and the definition of startup centers was made using data analysis of the American Crunchbase database. As a result of the two studies, it can be concluded that there are no cities in the Visegrád countries with an above average level of both startup presence and smart cities.
Highlights
In the 21st century, one of the challenges of urbanization is that around 70% of people in the European Union live in urban areas
Nagy et al [72] explored the smart performance of some cities in the Visegrád countries, by creating another complex index based on the six components
Startups are the primary drivers of job creation necessary for economic growth, with venture-backed companies being the main force behind technological innovation over recent decades, but the solutions offered by technology-oriented startups can meet the challenges caused by demographic changes [77]
Summary
In the 21st century, one of the challenges of urbanization is that around 70% of people in the European Union live in urban areas. More than 70% of the EU’s gross domestic product (GDP) is produced in cities [1]. Another important challenge is that the population of the 27 European Member States as of 1 January 2019 was estimated at 446.8 million; among them, the elderly population (aged 65 or over, 91 million people) had a 20.3% share, an increase of 0.3 percentage points compared with the previous year and 2.9 percentage points compared with 10 years earlier [2]. A solution to these demographic changes could be ambient assisted living (AAL) technologies, because people want a superior quality of life at every age. 2019; Available online: https://iris-utrecht.nl/wp-content/uploads/sites/312/2020/07/2-IRIS-WP3_Smart-City-Start-upsPerformance-after-Business-Incubation-in-Utrecht-and-Gothenburg_Imke-Nijland-1.pdf (accessed on 10 October 2020).
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