We generally consider a startup to be a company that brings forth innovative solutions, has growth potential and global ambitions, and is scalable. At the same time, it should fulfil basic criteria, such as the status of a legal entity with its registered office outside of Prague (an exception is companies that have their registered office in Prague, but also have a place of business elsewhere in the Czech Republic outside of Prague). Furthermore, the company should not employ more than fifty people and should have a product or service at least at the level of prototype or beta version (not merely an idea). The company should also not be older than seven years according to its entry in the Commercial Register.