Wall Street Tech Conference, New York 2013

1. Czech Republic
Outsourcing and Innovations
Jan Fried | Director of East Coast Operations, USA
Wall Street Tech Conference, New York, March 13th 2013

2. Czech Republic
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

3. Outsourcing and Innovation Hub

4. Why?
Geographic Location in
the Centre of Europe
Attractive Business Well Educated and
Climate Skilled Labor Force
R&D and Innovation Favorable Labor
Capabilities Costs

5. Geographic Location
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]

6. 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

7. Labor Costs
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” 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 Capabilities
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…

9. 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

10. Ministry of Industry and Trade
CzechInvest Agency
Foreign Offices – USA
Mr. Jan Fried Mr. Roman Horacek
USA – East Coast – New York USA – West Coast – California
Mobile phone: +1 (347) 216 93 55 Mobile phone: + 1 (415) 794 0665
E-mail: newyork@czechinvest.org E-mail: california@czechinvest.org

11. Questions
Thank you for your attention.
www.czechinvest.org
Jan Fried | Director of East Coast Operations, USA
jan.fried@czechinvest.org @jan_fried