The Prague Innovation Institute (PII) was founded in January 2020. The public benefit organisation was established as a registered office by the Capital City of Prague. It is controlled by the Board of Directors and the Supervisory Board. The main goal of PII is to plan, support and advance education, environmental protection, the city´s infrastructure, and scientific, R&D, creative, cultural and innovative enterprises and non-business activities in order to improve Prague´s competitiveness. The role of PII is to connect the academic, public, and private spheres. PII is funded by its founding institution and through the EU funding programmes. Private funding is expected to become relevant in the future as well. The main support is focused on projects in the areas of education, energy sector, artificial intelligence, creative industries as well as innovations which will help improving the city´s infrastructure and environment.