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Welcome to Stockholm!

Welcome to Stockholm!. Sergey Baranov, Stockholm Region Office in St. Petersburg Nevsky prospekt 1, St. Petersburg, Russia sergej.baranov@stockholmregion.org +7 (812) 314 68 18. Stockholm Business Region Development at a glance. Background

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Welcome to Stockholm!

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  1. Welcome to Stockholm! Sergey Baranov, Stockholm Region Office in St. Petersburg Nevsky prospekt 1, St. Petersburg, Russia sergej.baranov@stockholmregion.org +7 (812) 314 68 18

  2. Stockholm Business Region Development at a glance • Background • Official investment promotion agency of Stockholm region • Fully owned by the City of Stockholm • Responsible to 49 municipalities in the Stockholm region • A subsidiary to Stockholm Business Region. • Staff • 17 employees, sector specialists with business backgrounds • Extensive regional and national network. • Representation in EU and 5 countries (ISA). • Investor service • Decision support, matchmaking and practical establishment support free of charge. • Achievements • Assisted in 830 investments since 1997

  3. SBRD your point of contact for • Consolidating your business in the region • Taking part in research cooperation • Opening a regional sales office • Considering an R&D center • Setting up a production facility • Establishing a regional headquarter • Etc

  4. Sweden and Stockholm in general

  5. One of the ten largest economies in the world Scandinavia & Sweden • GDP: € 1,072 / 314 billion • Inhabitants: 30 / 9,3 million Stockholm • GRP: € 130 billion • Inhabitants: 3,4 million • Workforce: 1,8 million • Companies: 360 000 • Universities: 28 • Students 101 000 • Researchers 8 400 Surce: Norden i tal 2009

  6. Strong and stable economy Inflation rate2004–2008, annual average, percent GDP growth in selected countries2004–2008, average annual change, percent Source: National Institute of Economic Research Eurostat; OECD, 2008 (Figures for 2008 are preliminary) Source: National Institute of Economic Research Eurostat; OECD, 2008 July 13, 2014

  7. Economic growth and emissions reductions Source: Swedish Energy Agency, based on data from Statistics Sweden and Swedish Environmental Protection Agency

  8. Many well known multinationals are of Swedish origin

  9. Given its size one of the largest recipients of International investment Largest recipients of FDI worldwide2003-2008, US$ billion Approximately 50% of total FDI projects end up in Stockholm Source: Unctad, 2009

  10. The largest city at the heart of the growing Scandinavian market Excellent business climate Key Clusters of similar companies World leading innovations and R&D in some clusters Political and economical stability Transparency Competence and language skills Competitive costs Quality of life Nine reasons to invest in the Stockholm region:

  11. Stockholm – The Capital of Scandinavia The Stockholm region Population: appr 3,400,000 (2009) Regional GDP: 134,735 million Euro 2006 Eurostat • Stockholm is Scandinavia’s largest city and its natural center • The Central Capital of Scandinavia • The Stockholm region is Scandinavia’s economic center • The Business Capital of Scandinavia • Stockholm is Scandinavia’s trendsetting cultural city • The Cultural Capital of Scandinavia

  12. The region includes Scandinavia's largest city and natural center World-class wired and wireless communication The ports of Stockholm are the Baltic Sea's largest meeting place Several international airports World class academic institutions No 1 IT-Intelligent Community of the Year 2009

  13. Innovations centre with, among others, world-class ICT, cleantech and automation One of Europe’s largest biotechnology clusters Highest representation of multinational companies Leading financial centre and largest stock exchange Logistics centre for the Scandinavian and Baltic market Largest GDP Largest tourism industry The first European Green Capital 2010

  14. The Nobel Prize Music production centre International food culture Unique selection of galleries and museums World-class form and design Nature and quality of life The Polar Prize The Stockholm Water Prize

  15. The Stockholm region in cooperation. The Stockholm region Population: approx 3.4 million (2009) Regional GDP: 134,735 million Euro (SBA 2006) 47 municipalities A formalized partnership Promotes Stockholm in order to attract foreign investments Develops local entrepreneurship and business climate

  16. Why Stockholm?1.Access to knowledge, exciting technologies and talents

  17. A knowledge intense and innovative country Innovation Capacity Index 2009–2010 1. Sweden 82,2 2. Finland 77,8 3. USA 77,5 4. Switzerland 77,0 5. Netherlands 76,6 6. Singapore 76,5 7. Canada 74,8 8. United Kingdom 74,6 9. Norway 73,5 10. New Zealand 73,4

  18. Top ten in world knowledge competitiveness survey of 145 regions Rank Region Index Score 2008 1 San Jose, Sunnyvale, Santa Clara, USA 248 2 Boston, Cambridge, Quincy, USA 175 3 Hartford, USA 175 4 Bridgeport, Stamford, Norwalk, USA 174 5 San Francisco, Oakland, Fremont, USA 161 6 Stockholm 152 7 Seattle, Tacoma, Bellevue, USA 151 8 Providence, Fall River, Warwick, USA 147 9 Tokyo, Japan 147 10 San Diego, Carlsbad, San Marcos, USA 146 Source: Centre for International Competitiveness 2008

  19. Substantial R&D expenditure R&D expenditure2006, percent of GDP Source: IMD World competitiveness yearbook 2009

  20. Strong university-industry research collaboration2008, country rank • US • Switzerland • Sweden • Finland • Singapore • Germany • Denmark • Belgium • UK • Taiwan Source: World Economic Forum, 2008

  21. Highest growth in patent applications2008, percent Source: World Intellectual Property Organization 2008

  22. Why Stockholm?Knowledge-driven business and investment opportunities

  23. Business sector opportunities • Information & communication technologies (ICT) • Life sciences • Cleantech • Automation • Automotive

  24. Key sectors in the Stockholm region: ICT Life Sciences Financial Services Automation Cleantech Hospitality Logistics

  25. Why Stockholm and Sweden ?2. Access to large, growing and advanced markets

  26. Why Stockholm?3.Easy to set up and do business

  27. Easy to set up a business • Protectionism does not impair the conduct of your business • Product and service legislation does not deter business activity • Bureaucracy does not hinder business activity • Reliable intellectual property protection Balance between security, reliability, transparency cost-effectiveness Source: IMD world competitiveness yearbook, 2008

  28. Least corrupt society2008 ranking, selection of countries • 1. Sweden • 1. Denmark • 1. New Zealand • Singapore • Finland • Switzerland • Netherlands • Austria • 14. Germany Source: Transparency International, Corruption Perceptions Index 2008

  29. Swedish companies pay on time • Finland • Sweden • Norway • Denmark • Iceland • Switzerland • Ireland • Faroe Island • France • Estonia • Due to legislation and the Swedish culture, companies can expect to receive payment on time for their goods and services sold in Sweden Source:European Payment Index 2009

  30. Industrial disputes rare in Sweden Working days lost due to strikes per 1,000 inhabitants per year (2005–2007) Source: IMD World Competitivness Yearbook 2009

  31. Why Stockholm?4.First rate infrastructure and high availability of skilled labor

  32. Highly developed transportation network • Five international airports • Seven major seaports • Railroads and high speed trains • Logistic parks • Good public transportation

  33. Best ICT infrastructure in the world • Sweden • US • Norway • Denmark • Netherlands • Finland • Australia • UK • Canada • Japan • The world’s biggest open fiber network. • High usage of computer, internet and mobile phones. • Stockholm and Sweden • are ranked nr 1 in several • rankings rating ICT • infrastructure and • network readiness. “ The Intelligent Community of 2009”? Did you know that Stockholm is “ The IT-Intelligent Community of 2009”? Source:Connectivity Scorecard 2010

  34. Availability of skilled labor 2009 • Ireland • Japan • Switzerland • Sweden • Denmark • Finland • Phillippines • Israel • Singapore • 10. US Source: IMD World Competitivness Yearbook 2009

  35. Swedes are hard workingAverage working hours per year, 2007 Source: IMD World Competitivness Yearbook 2009

  36. Why Stockholm?5.Quality of life

  37. Great place to live • 1. Iceland • 2 Norway • 3. Australia • Canada • Ireland • 6. Sweden • Switzerland • 9. Netherlands • 10. France • 23. Germany Source: Human Development Index, UNDP, 2008

  38. Cost of living competitiveSelection of cities 1. Moscow 2. Tokyo 3. London 7. Copenhagen 9. Zurich 12. Paris 22. New York 25. Amsterdam 31. Stockholm Source: Mercer Consulting 2008

  39. Among Europe’s best healthcare systems Sweden is ranked in the top ten among Europe’s healthcare systems and outperforms in the areas of treatment outcomes and range and reach of service provided. Source: Euro Health Consumer Index 2009, Health Consumer Powerhouse

  40. How to establish a company ?

  41. REGISTER WITH THE SWEDISH MIGRATION BOARD Work-permit or residence permit

  42. How to buy a hi-tech company? • No discrimination on foreign investors • M&A process build on openness and transparency • Contact a broker or a an investment bank.

  43. The corporate tax in Sweden

  44. Competitive corporate tax rate2009, percent Source: Öhrlings PricewaterhouseCoopers, 2009

  45. Tax relief for foreign key staff Sweden offers special income tax relief to encourage highly skilled people, such as international executives, experts, researchers and others with special skills, to work in Sweden and to make it easier for companies to attract experts and other key people from abroad to work in Sweden. Employees qualifying for the tax relief are taxed on only 75 percent of income in their first three years of employment in Sweden. The remaining 25 percent is tax free. The tax relief for key foreign employees also offers a financial incentive to employers, where the employer contributions are based on only 75 percent of total income.

  46. The support system for SMEsTaking ideas to the market

  47. Cities with science parks and incubators 12 17 21 27 32 24 25 19 1 28 29 10 23 31 26 15 20 22 2 3 4 6 16 5 7 11 9 8 18 13 14 23. Stockholm • Karolinska Institutet Science Park • Karolinska Institutet Innovation • SU Innovation • SSE Business Lab • Stockholm Cleantech Park • Stockholm Cleantech Park (Incubator) • Kista Science City • STING 28 Uppsala • Uppsala Innovation Center 29 Västerås/Eskilstuna • Idélab • Munktell Science Park • Create Business Incubator • Teknikbyn • Teknikbyn Inkubator 31 Örebro • Inkubera Source: Swedish Incubators & Science Parks, Invest in Sweden Agency 2009

  48. 5. Choose type of finance? • Vinnova • Innovationsbron • City of Stockholm • Own funds • Bank loan (personal guarantee) • ALMI loan • Business angels • VC firms • Credit from suppliers • Advances from customers • Loans from the bank • VC firms

  49. ALMIs’ role in the financial market Risk Shareholder ALMI Bank Interest/return

  50. Stockholm Business Region Development Address: Drottninggatan 33 Stockholm Phone + 46- 8-508 280 00 Fax +46-8-508 280 90 www.stockholmbusinesregion.com

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