outsourcing and innovations in the czech republic
DESCRIPTION
Wall Street Tech Conference, New York 2013TRANSCRIPT
Czech Republic
Outsourcing and InnovationsJan Fried | Director of East Coast Operations, USA
Wall Street Tech Conference, New York, March 13th 2013
Population 10.5 million
Labour force 5.3 million
Unemployment 8.0 %
GDP growth (2012) -1.1 %
GDP growth (*2013) 0.1 %
Annual inflation 3.3 %
Outsourcing and Innovation
Hub in the Heart of Europe
Czech Republic
Outsourcing and Innovation Hub
Geographic Location in the Centre of Europe
Well Educated and Skilled Labor Force
Favorable Labor Costs
R&D and Innovation
Capabilities
Attractive Business Climate
Why?
Centre of Europe
Gateway to Eastern and Western markets
Connection to European destinations
- 3 International Airports
- High-Speed Railways
- Densest Motorway Network in CEE
- [<2 hrs]
Geographic Location
Technical Education
Quality of the Labor Pool – Tradition, Talent and Passion
Engagement of Academia – Cooperation between Universities and Private sector
Students: 98,000
Graduates: 21,000
Creative, Innovative, Skilled and Experienced Professionals
Cultural Compatibility and Emotional Intelligence
Innovation and Complexity – Quality / Hourly rate (BRICs) – Get Done! On Time!
Financial Support – EU Funds + Incentives = Training, Wages, Social Benefits
RIGHTshoring – “Horses for Courses”
Labor Costs
Position CR USA
IT Top Management 6,500 10,000
MIS Management 4,800 7,400
Systems Analysis
Professionals1,600 3,300
Programming
Professionals1,300 2,700
30´s Czechoslovakia among 10 Most Developed Countries in the World
Czech scientists are behind world´s well-known discoveries and patents
- such as: Contact Lenses and Anti-HIV Drugs
Recently – Czech IT Going Global
-Security, Big Data, Analytics, Social Media, Start-ups…
R&D and Innovation Capabilities
Attractive Business Climate
Corporate 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
Ministry of Industry and Trade
CzechInvest AgencyForeign Offices – USA
Mr. Jan Fried
USA – East Coast – New York
Mobile phone: +1 (347) 216 93 55
E-mail: [email protected]
Mr. Roman Horacek
USA – West Coast – California
Mobile phone: + 1 (415) 794 0665
E-mail: [email protected]
Thank you for your attention.www.czechinvest.org
Jan Fried | Director of East Coast Operations, USA
[email protected] @jan_fried
Questions