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Flanders masters of innovation john vz-fit-2012 10 31

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比利時法蘭德斯區--研發與創新大師

比利時法蘭德斯區--研發與創新大師

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  • 1. FLANDERS: MASTERS IN INNOVATIONJohn Verzeele, Oct. 31, 2012Taipei
  • 2. Belgium’s tale of the tape Brussels Capital 10% of population 2% of Belgian exports Flemish Region Walloon Region 58% of population 32% of population82% of Belgian exports 16% of Belgian exports 10-98 - 080133
  • 3. FLANDERS: Key Figures Flanders: a prosperous region with an open economy in the core of Europe Population: 6.28 million (= 57.6% BEL) Language: Dutch (NL) Surface: 13.521 km² (= 45% BEL) GDP: €194 billion GERD: €4.15 billion (+- 2/3 of BEL) % GERD/BBP: 2.12% (2009) Total public budget STI policy: €1.7 billion of which €1.07 billion R&DThe region has constitutional competences on 3research, innovation and economic policy
  • 4. Strategic Location in Europe Unique location at European crossroads Proximity to EU headquarters of major commercial & official organisations The port of Antwerp is Europe’s n°2, its most centrally located one, and port of entry for thousands of products.
  • 5. Belgium at the heart of Europe EU=EU-27 members 750 km Flanders offers logistics € 6 Bn GDP (67%) operations access to the 500 kmlargest one-day-market in € 3,7 Bn GDP (42%)Europe: main markets can 250 kmbe served within 24 hours € 1,5 Bn GDP (17%) 54 Mio consumers (12%) 131 Mio consumers (29%) 236 Mio consumers (53%) Total EU population: Total EU GDP: 490 Mio € 12.00 trillion Source: PricewaterhouseCoopers, Report 2004 11-00 - 170149
  • 6. R&D & Innovation 000501
  • 7. Main drivers for R&DKnowledge drivenCustomer marketHistorySkilled labour presence Source: Buck Consultants International 2009
  • 8. Best quality for education and schooling (The Global Competitiveness report World Economic Forum 2012) Ranking Primary Educational Math and Management education System Sciences Schools Belgium 2 6 2 1Netherlands 14 10 9 10 Germany 36 17 48 36 France 28 34 15 5 UK 23 20 43 2 Source: 2012 03-04 - 170160
  • 9. Reading skills + best foreign language skills PISA assessment score 2011 519 Flanders 508 Netherlands 506 Belgium 497 Germany 496 France 494 UK Source: Education at a glance, OECD Indicators 20119 09-07 - 030125
  • 10. Mathematics achievement score PISA assessment score 2011 Flanders 537 Netherlands 526 Belgium 515 Germany 513 France 497 UK 492 Source: Education at a glance, OECD Indicators 201110 09-07 - 030125
  • 11. Science achievement score PISA assessment score 2011 Flanders 526 Netherlands 522 Germany 520 UK 514 Belgium 507 France 498 Source: OECD, aps.vlaanderen.be, 201111 09-07 - 030126
  • 12. 2012 Survey of Japanese companies(BJA)93% of Japanese companies think that the level oftechnological education in Belgium meets the needs of theirbusiness.100% of the Japanese companies believe that the level ofmanagement education in Belgium meets the need of theirbusiness94% of the Japanese companies agree that the level oflanguage skills meet the needs of their business
  • 13. High quality and availability of R&D The Global Competitiveness Report World Economic Forum 2012 Ranking Availability Capacity for Quality of Availability of latest innovation scientific of scientists technology research and institutions engineers Belgium 8 14 5 13Netherlands 6 10 8 17 Germany 20 3 10 41 France 11 8 15 11 UK 7 13 3 14 Source: 2012 03-04 - 170160
  • 14. Most popular study branches in Flanders 2011 - 2012students seem to prefer to choose science and technologyas a majorUniversity of AntwerpBiomedical sciences: +31%Commercial engineering: +28%KU LeuvenChemistry: +105,88%University of GhentChemistry: +35,71%ICT: +35,13%VUB BrusselsEngineering: +14%UCL LimburgCommercial engineering: +30%Civil engineering: +20%Veterinary medicine: +34%
  • 15. Toplocation for R&D 000501
  • 16. Research: a proven track record ofmarket-driven innovationOver the last few decades our dense network of universitieshas been complemented by market-driven strategic researchcenters in selected fields 1986 IMEC 1993 VITO 1996 VIB 2004 IBBT/i-minds 10-98 - 020616
  • 17. Flanders: The 6 domains of expertise in ICT(6/6) Software products • LMS, Materialise, Inventive Designers, Real Dolmen, ACA- IT-solutions, Invenso, Produmex, Metris, Helios-IT, … • Speech & Language Technology: Nuance,… • Gaming: Larian Studios • Agoria ISV (Independent Software Vendors-platform)
  • 18. Smart hubs18
  • 19. Flanders’ Vision for the Future 000509
  • 20. Why ‘smart specialisation’ is importantfor Flanders‘Flanders in Action’: strategic framework for a new growth pathFuture project (starting 2006) of the Flemish government, supported by+100 stakeholder organisations (‘Pact 2020’),Aiming at a ‘top 5 region’ position in Europe = transition towards aninnovation driven growth model,Consensus that STI investments should be focussed on ‘spearheads’:domains that can position Flanders in future value chains with importantsocietal and economic impact. 20
  • 21. Focussing on 10 spearhead initiatives in 6 ‘clusters’ SWOT Analysis of EU Foresight Study with Flanders vs EU 15 key areas 21
  • 22. NEW INDUSTRIAL POLICY: an integratedframeworkWhite Paper ‘New Industrial Policy (27 May 2011):Integrated policy platform for economic transformation Productivity & CompetitivenessA new Productivity Offensive Policy • Increase knowledge productivity in clusters (critical mass and specialisation) Industrial New Infrastructures Innovation Industrial Policy • Support ‘lead companies’ Policy Policy ‘lead markets’ and ‘lead clusters’ • Factory of the Future Competences &Transformational Sectoral Policy Labour Market 22 Policy • Focus on transformation strategies based on value chains, clusters and grand projects
  • 23. Advanced manufacturing  Advanced manufacturing: - flexible tailor-made production - specialized high added-value products - first series before mass production  Belgium, at the crossroads of different cultures, offers the ideal test market for new products 23
  • 24. Daikin 1. specialized high added-value products: High end products in Ostend (Flanders) vs low end production in Czech Republic 2. first series before mass production The heating and airco systems can be tested in simulation for the climats in more than 30 countries ranging from – 25 degrees (Nordic countries) to + 60 degrees for heat waves and African countries 3. flexible tailor-made production: Special systems for wine culture
  • 25. Examples of authentification and smartcard technology-applications
  • 26. Cartography: a Flemish tradition
  • 27. Examples of digital audio-video and digitalprinting applications
  • 28. Recent investmentsGenzyme’s biomanufacturing plant extension(€46 mio) Janssen’s new pilot plant in Geel (€130 mio) Pfizer’s investments in Puurs and Zaventem (€61mio)
  • 29. R&D Incentives and Tax Features29
  • 30. 1. Patent income deduction Deduction of 80% of the income from patents from the taxable basis, resulting in an effective tax rate of maximum 6,8% on this income30
  • 31. 2. Investment deduction Investment deduction for R&D related inv. deduction of 15,5% on the investment value (in one shot) OR 22,5% on the annual depreciation (spread deduction)31
  • 32. 3. Exemption from withholding tax on the remunerations of researchers •Principle: the salary withholding tax is normally retained on the remunerations paid to the researcher, but the amount of tax so retained must not be totally paid to the Revenue Collector (= extra financial means for the employer)  80 % exemption !32
  • 33. IWT: Subsidies IWT wants to encourage companies in Flanders to innovate in various ways. 1.Subsidies: IWT has a wide range of subsidy programs in fundamental, basic and Applied research, where can make use of, as individual company, as partner of a research institute or in collaboration with other companies, universities, etc… 2.Funding: financing innovative projects of companies, research centres, organizations and individuals through assignments set by the Flemish Government. INCENTIVE between 25% and 70% of your project33
  • 34. Financial expertise and innovationBelgiumhas a very long tradition ofinternational trade :Origin of Stock ExchangeBruges 14th century (1309) 000505
  • 35. 2012 FDI inflows (UNCTAD) in billions of dollars Ranking 1. United States 226,9 2. China 123,9 3. Belgium 89,1 4. Hong Kong 83,1 5. Brazil 66,7 6. Singapore 64,0 7. United Kingdom 53,9 8. British Virgin Islands 53,7 9. Russia 52,9 10. Australia 41,9 03-04 - 170160
  • 36. Belgium number 1 investor in the USA!
  • 37. Tax advantages: unique system-Notional Intrest Deduction-Ruling-No withholding taxes on dividends
  • 38. 1. Notional Interest Deduction ForeignCo Bank Loan Capital injection 200 Interests received : 10 BelCo N.I.D. : -6 (200 x 3%) Income : 4 Corp. tax = 4 X 33,99% = 1,35 Effective tax rate : 13,5%Interest 10 Loan 200
  • 39. Dividend withholding tax exemption Parent company (treaty partner of Belgium)• No WHT • 10% shareholding• No LOB • 12 months Belgian Subsidiary
  • 40. 40BelgiumEffective (Average) Corporate Tax Rate (ECTR) 2009* *(based on asset and source of finance) Especially in Belgium, the ECTR is considerably below statutory tax rates (-9,3%) Sources : Report 2009, made by ZEW (Centre for European Economic Research) for the EU Commission Project : Taxud/2008/CC/099, Mannheim and Oxford, October 2009
  • 41. Innovative tax benefitsTOP 1000 companies withhighest profits pay anaverage of only 5,73 % taxes
  • 42. The effective corporatetax rate in Belgium isone of the lowest inthe EU! This isconfirmed by theInstitute ofInternational andEuropean Affairs! 000501
  • 43. R&D practical exampleExampleManufacturing company with a R&D division:  Share capital: 100 000 (of which 20 000 = contributed patent value)  Return on equity: 12%  Net profit: 12 000 (of which 3 000 = patent income ; 9 000 = product revenue)To deduct  Invest. ded. on patents: 15,5% x 20 000 = 3 100  Patent Income Ded.: 80% x 3 000 = 2 400  N.I.D. 3% x 100 000 = 3 000  Taxable basis: 3 500  Corporate Tax: (3 500 x 33,99%) = 1 190  Effective tax rate: 9%
  • 44. Office Renting Prices (Cushman & Wakefield) 2012/prices in €/m² /year (1st quarter 2012)Frankfurt: 408Amsterdam: 423,53Paris: 580London: 708,75Brussels: 352,06Antwerp: 179,12Prague: 297.36Sofia: 178,56
  • 45. GET THE BEST OUT OF EUROPE: CHOOSE FLANDERS ANDMAKE A MASTERPIECE OUT OF YOUR PROJECT