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Startit Meetup #12 - FIT

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Flanders Investment & Trade group presentation at Startit Meetup #12

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Startit Meetup #12 - FIT

  1. 1. FLANDERS Your fastest link to Western Europe
  2. 2. 2 Who? Where? You will be surprised to see the wide range of advantages our region has to offer you …
  3. 3. Flanders Investment and Trade (FIT)
  4. 4. FIT Flanders Investment & Trade provides expert advice and guidance to foreign companies. Whether your company is considering its first steps into Western Europe, we can provide valuable assistance. 4
  5. 5. FIT Thanks to our experienced, multilingual staff we are able to assist you with your integration into one of Europe’s most prosperous economies, both efficiently and effectively. …free of charge 5
  6. 6. FIT Flanders Investment & Trade provides potential direct investors with information on: • Site selection • Overview of all benefits, grants and incentives • Introduction to decision-makers • Legal aspects of setting up locally • Identify business opportunities • Integration into local community life 6
  7. 7. 7 We have more than 70 regional offices worldwide to assist you, wherever you are.
  8. 8. 8
  9. 9. Sectorial focus approach
  10. 10. Sectorial focus approach Flanders… • is a big player in a number of major industries • houses numerous world-leading multinationals & SME’s • has achieved a sustainable growth in these industries • has acquired an excellent worldwide reputation 10
  11. 11. Sectorial focus approach Flanders’ seven principal industries 11 Automotive Food & Lifestyle ICT Life sciences Chemicals & Plastics Logistics Environmental technology
  12. 12. Why IT?
  13. 13. Why IT? • Flanders’ New Industrial Policy • Smart specializations across sectors • Transformation through innovation • Industrial jobs? • Factory of the Future • Multiplier-effect IT sector • Knowledge clusters + R&D centers 13
  14. 14. IT in Flanders / Belgium • ICT market: € 12 billion •Employment: 60 000 people – 2% of Flemish employment • Information technology – IT-hardware, services & software: – 40 000 •Development & production of ICT: – 10 000 •Telecom-operators: – 10 000 14
  15. 15. 6 domains of expertise in ICT 1. Nano-electronics, nano technologies & micro-electronics 2. Financial security solutions & smart card technology 3. Telematics, GPS, cartography & Location Based Services, Geo-ICT 4. Telecommunication & Network equipment 5. Digital audio-video products & digital printing 6. Software products 15
  16. 16. 6 domains of expertise in ICT 1. NANO IMEC 2. Sec.Sol/Smart Card Vasco 3. GPS Tom Tom 4. Telecom Option 5. Digital audio/video & printing Barco 6. Software LMS 16
  17. 17. Knowledge clusters + R&D centers Flanders has… • an impressive track record when it comes to discovery research and innovation • four Strategic Research Centers that collaborate with the academic and business worlds • frequently been the birthplace of cutting-edge technologies 17
  18. 18. Knowledge clusters + R&D centers Flanders’ 4 Strategic Research Centers… 18
  19. 19. Knowledge clusters + R&D centers …and one Flemish agency for Innovation by Science and Technology www.iwt.be Fostering innovation in Flanders 19
  20. 20. IWT: mission IWT , the innovation agency of the government of Flanders, Stimulates by financial support, advice and coordination, Knowledge development in companies, research centres and other organisations, For more innovation, more new products, processes, services, …. With economic and societal added value 20
  21. 21. IWT: goals 1. More creative and innovative entrepreneurship 2. Innovation as a solution for socio-economic challenges 3. International collaboration in innovation 4. An efficient, effective and high quality IWT 21
  22. 22. Financial support through IWT 1. Principle • Direct support to R&D&I projects in industry • Bottom up: no sectoral or thematic programmes: all companies which can create economic added value in Flanders can apply 2. Aim • New products/processes/services/concepts which potentially create sustainable added value for Flanders (employment & investments) • Risk sharing, economic return region when succesful: cost-benefit ratio (1/10) 3. Characteristics • Support as direct state aid (European competitiveness rules do apply) • Applications can be submitted continuously • IPR: with industry, commercial rights: industry • Amount of support is % of accepted costs (25% up to 60%) • Simplified SME programme: low entry level 22
  23. 23. Financial support through IWT R&D enterprise projects & SME-programme & SPRINT Strategic Basic research Networks and intermediaries R&D organisations Enterprises TETRA Agriculture Individual researchers Innovation grant Baekeland grant PhD grant Collective Innovation Tracks TBM 23
  24. 24. IWT support to enterprises Support % limits SME-feasiblity- study 50% max. 25.000 eur SME- innovationproject 25% max. 250.000 euro sprint-project 25% max. 250.000 euro R&D-project 25% - 50% max. 3 M euro portfolio of feasiblity studies 50% tbd 24
  25. 25. Knowledge clusters • Leuven – KUL – IMEC – LRD 25
  26. 26. Knowledge clusters • Ghent – UGent – VIB – iMinds 26
  27. 27. Other funding
  28. 28. Other funding •PMV •Business Angels Network •VC’s 28
  29. 29. Diverse offering of tax benefits & fiscal incentives
  30. 30. Tax benefits and fiscal incentives Flanders offers…: • an ideal fiscal climate • a wide range of tax benefits and financial grants Just take a look at the following interesting measures… 30
  31. 31. Tax benefits and fiscal incentives • The lowest effective European tax rate on revenues from patent income What is it ? • Deduction of 80% of the income from patents from the taxable basis, resulting in an effective tax rate of maximum 6.8% on this income 31
  32. 32. Tax benefits and fiscal incentives • 75% exemption from withholding tax in favour of employers who employ researchers (PhD, engineers and master degrees) 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 tax administration The company benefits from a substantial reduction of the cost of employment of researchers 32
  33. 33. If you expand, think about Flanders!
  34. 34. ©Toerisme Leuven 34
  35. 35. WWW.INVESTINFLANDERS.COM Thomas Castrel | Deputy Director Inward Investment Central and Eastern Europe Flanders Investment & Trade Tel: +32 2 504 87 48 | Fax: +32 2 504 88 70 E-mail: thomas.castrel@fitagency.be Gaucheretstraat 90 | BE-1030 Brussels-Belgium Посетите наш сајт!

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