Corrency is a system to support the local economy. It allows town halls to set clear and simple rules for the efficient and transparent use of funds intended for residents or selected areas of business.
Town hall of Prague 18 wished to support local merchants, services and sport centres. It released a million Crowns.
More about the project →Corrency, in cooperation with the Municipal District of Prague 1, helped jumpstart the local economy.
More about the project →Following Prague 18, the representatives of the Prague 1 district also decided to join the Corrency project. In the pilot, they will distribute 1,000 Corrents (each) for 2,000 citizens of Prague 1. Two million Czech crowns have been allocated from the local budget.
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Jumpstarting the local economy after Covid restrictions in Kyjov - a Moravian city in the countryside
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Supporting the citizens of Prague 1 with the increasing cost of living in the tourist center and helping local merchants after the drastic decrease in tourist visits during the pandemic
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A healthier lifestyle for the citizens of Prague 18 with a focus on leisure activities, a healthy diet and support for sports venues affected by rising energy costs
More information →"We have decided to offer corrent support to all residents of Kyjov. I believe that this modern economic project has a great potential and it may support business not only in our town. It is a matter of time before other cities get involved."
Mgr. František Lukl, MPA, Czech politician, former Minister for Regional Development, President of the Union of Towns and Municipalities of the Czech Republic
“Corrency is a perfect example of how a hackathon project can continue its successful development and support local economy and regional development. The fact that the project has a promising future is proven by it being ranked among the top 15 of more than two hundred projects in the hackathon.”
Ing. Patrik Reichl, MBA, Director of the Business and Investment Development Agency CzechInvest
"I am glad we could have contributed to the creation of this project. Without the support of the Ministry of Industry and Trade and its Czech Rise Up program, such a pioneer and innovative project could have risen only in limited conditions. We are looking forward to seeing how this pilot develops. We believe that this concept will work. Its comprehensive solution offers much wider application in other economic and social issues."
Ing. Petr Očko, Ph.D., Ministry of Industry and Trade Deputy Minister for Digitisation and Innovation
