Outsourcing and innovations in the Czech Republic

  • 346 views
Uploaded on

Wall Street Tech Conference, New York 2013

Wall Street Tech Conference, New York 2013

  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
    Be the first to like this
No Downloads

Views

Total Views
346
On Slideshare
0
From Embeds
0
Number of Embeds
1

Actions

Shares
Downloads
6
Comments
0
Likes
0

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. Czech RepublicOutsourcing and InnovationsJan Fried | Director of East Coast Operations, USAWall Street Tech Conference, New York, March 13th 2013
  • 2. Czech RepublicPopulation 10.5 millionLabour force 5.3 millionUnemployment 8.0 %GDP growth (2012) -1.1 %GDP growth (*2013) 0.1 %Annual inflation 3.3 %Outsourcing and InnovationHub in the Heart of Europe
  • 3. Outsourcing and Innovation Hub
  • 4. Why? Geographic Location in the Centre of EuropeAttractive Business Well Educated and Climate Skilled Labor Force R&D and Innovation Favorable Labor Capabilities Costs
  • 5. Geographic LocationCentre of EuropeGateway to Eastern and Western marketsConnection to European destinations - 3 International Airports - High-Speed Railways - Densest Motorway Network in CEE - [<2 hrs]
  • 6. Technical EducationQuality of the Labor Pool – Tradition, Talent and PassionEngagement of Academia – Cooperation between Universities and Private sector Students: 98,000 Graduates: 21,000
  • 7. Labor CostsCreative, Innovative, Skilled and Experienced ProfessionalsCultural Compatibility and Emotional IntelligenceInnovation and Complexity – Quality / Hourly rate (BRICs) – Get Done! On Time!Financial Support – EU Funds + Incentives = Training, Wages, Social BenefitsRIGHTshoring – “Horses for Courses” Position CR USA IT Top Management 6,500 10,000 MIS Management 4,800 7,400 Systems Analysis 1,600 3,300 Professionals Programming 1,300 2,700 Professionals
  • 8. R&D and Innovation Capabilities30´s Czechoslovakia among 10 Most Developed Countries in the WorldCzech scientists are behind world´s well-known discoveries and patents - such as: Contact Lenses and Anti-HIV DrugsRecently – Czech IT Going Global -Security, Big Data, Analytics, Social Media, Start-ups…
  • 9. Attractive Business ClimateCorporate income tax – 19%S&P: “The outlook is stable” (AA-, August 2011)Member of EU since 2004 - EU Funds – Up to 60% of Eligible Costs (Wages/Long-Term Assets)State Investment Incentives (July 2012) - Cash grants up to 75mil USD - Corporate tax reliefs for up to 10 years - Job creation grants, training and retraining grants
  • 10. Ministry of Industry and Trade CzechInvest Agency Foreign Offices – USAMr. Jan Fried Mr. Roman HoracekUSA – East Coast – New York USA – West Coast – CaliforniaMobile phone: +1 (347) 216 93 55 Mobile phone: + 1 (415) 794 0665E-mail: newyork@czechinvest.org E-mail: california@czechinvest.org
  • 11. QuestionsThank you for your attention.www.czechinvest.orgJan Fried | Director of East Coast Operations, USAjan.fried@czechinvest.org @jan_fried