Juraj HostakSenior Innovation Consultant at InnovEYtion Centre
Ernst&Young, Praha

Juraj Hostak is EY’s Smart City Coordinator for CSE region and senior innovation consultant of the newly established InnovEYtion Hub, based in Prague, Czech Republic. He specializes in innovation strategies in public and private sector, Smart City services (regions and cities), PPP solution with academia, industry, SMEs and local innovative ecosystem. One of his activities at EY is helping public administration as well as companies of all sizes to adopt new technologies and trends, innovating services and products, rendering optimization of processes, higher resource efficiencies and ultimately increasing competitiveness and sustainable growth. He is also coordinating EY’s activities in the area of innovation on the EU level, ranging from innovation policy to key emerging technologies.

Juraj has experience with innovation policy on national and EU level, helping set and fulfil priorities of Slovakia as Presidency of the EU. As special advisor at the Ministry of Economy of the Slovak Republic, Juraj helped establish various PPP collaboration projects, namely in Smart Industry and Smart Energy, and cooperated with the European Commission in activities focusing on digital transformation of cities and industries and stakeholder participation. As part of his activity during the Slovak presidency of the EU, Juraj helped establish the Expert Group on Start-ups and Scale-ups (EG), under the High level working group of the COMPET Council and in cooperation with DG GROWTH and DG CNCT. The activities of the EG contributed to the development of the Scale-up manifesto and now serve as a think tank for the both DG GROWTH and DG CNCT supporting their activities.


InovEYtingour way forward with OIM!

As a result of wider access to and applicability of new technologies and the increased knowledge-sharing practices, open innovation model (OIM) has been generally recognized as an approach to improving business processes, introducing new and improved products and services, can increase cost efficiency and ultimately allow companies to remain competitive and profitable. As innovation takes place across the value chain, the companies can benefit from closer cooperation with universities, R&D institutions and innovative ecosystem to gain a competitive advantage, positively influencing and increasing their performance in the area of product design, development and production planning, as well as new market penetration, but more importantly new market creation.