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CzechInvest - Investment and Business Development Agency

CzechInvest supports foreign direct investment, administers a database of Czech supplier firms, develops local companies, and improves the business environment through various initiatives. They also offer support and consultancy services to innovative start-ups through their CzechEkoSystem program. CzechAccelerator is another program that provides free office space, networking opportunities, mentoring, and consulting services to help start-ups penetrate international markets. CzechInvest also organizes events such as Czech Tech Pitch Day and Czech ICT Incubator at Silicon Valley.

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CzechInvest - Investment and Business Development Agency

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  1. CZECHINVESTInvestment and Business Development Agency Doing business in the USA, February 5th, 2015

  2. CzechInvest • to support foreign direct investment • CzechInvest is exclusively authorized to file applications for investment incentives at the competent governing bodies and prepares draft offers to grant investment incentives. • Support for suppliers – administration of a database of Czech supplier firms • to develop local companies&implement business-development programs • CzechInvest as an intermediary between the EU and SMEin implementing structural funds in Czech Republic • to improve the business environment • e.g. Development of Clusters, Regeneration of Brownfields Allof CzechInvest’s services are free of charge

  3. Support of Start-ups by CzechInvest

  4. CzechEkoSystem • Target • Support of innovative Start-ups through granting of specific consultancy: • Coaching – major element based on transferring „business know-how“ of the Coach gained by personal experiences. • Consultancy services – complete advisory in field of finance, law, management, HR etc. (in cooperation with Deloitte) • Assistance with seeking out Capital for financing further company development(venture-capital funds, business angels) • Applicant • SME - must be a business entity • with its registered office or operations in the Czech Republic • may not have its registered office in Prague • age up to 5 years

  5. CzechEkoSystem • Statistics: • Start – November 2011 • Termination – July 2015 • Number of calls – 3 • Received applications (total) – 245 • Supported applications (total) – 115 • Database over 140 mentors and advisors • Support range: • Coaching – up to 500.000,- CZK (100%) / $ 20K • Consultancy services – up to 2.000.000,- CZK/ $ 80K(co-finaced by 20%)

  6. CzechAccelerator 2011-2014 2010 Pilot phase 10 companies Operational Programme Enterprise and Innovation 2011 Silicon Valley Boston 6 companies 2012 Switzerland Singapore Israel 2015/2016 CzechAccelerator 2.0

  7. CzechAccelerator 2011-2014 • Destinations Switzerland Boston Israel Silicon Valley Singapore

  8. CzechAccelerator 2011-2014 • Destinations 16 companies 3partnerships 245 events Boston Silicon Valley 157 events 15 companies 11partnerships

  9. CzechAccelerator 2011-2014 • Applicants Participants Medtech • Evaluation committee ICT • the product’s potential for commercial use and for a technology partner • the product’s level of technological development, attractiveness and innovativeness • feasibility of the product • quality of the applicant’s working team • relevance of utilisation in the accelerator Precision engineering Life science Nanotechnology Clean tech Biotechnology • The applicant: • must be an SME • must possess an innovative product • must have strong interest and motivation to penetrate international markets

  10. CzechAccelerator 2011-2014 • What do we offer? Free use of office space up to 6 months 100 % 100 % The opportunity to participate in regular networking events, conferences and seminars Office space Easy access to potential strategic partners Networking events 50 % The protection of intellectual property rights Mentoring, coaching, advisory services The access to consulting services in the area of legal, marketing and HR issues, financial strategies and business development 100 % Familiarization with the local business environment The contribution for travel costs 50 %

  11. CzechAccelerator 2011-2014 Summary of the project Totalcosts= CZK 24 milion Hundreds of networking events attended 35 concluded partnerships or agreements on cooperation > 1,700 hrs of mentoring 42 participants 95 applicants … and more 6 calls

  12. CzechAccelerator's Graduates

  13. Czech Tech Pitch Day May, 2013 Boston 8 companies CzechLink Start Preparing start-up PitchDeck Launched Q1 2015 Assistance with seeking out Capital for financing further company development Connect start-ups with corporate venture-capital funds or business angels

  14. Czech ICT Incubator @ Silicon Valley • Organized by • Partners: Rockaway, Seznam.cz & CzechInvest; J&T Ventures, Microsoft, Wayra etc. • 1st call  Final decision yesterday in Wayra • Applicant • solid team with minimum 1 Czech co-founder OR company registered in the Czech Republic • business in software/mobile app/hardware/e-commerce • special category: IDEA stage start-ups with high level of innovation • Support (100 % financed by Czech ICT Alliance) • 3-4 months stay in business incubator located in San Francisco • Mentoring, on-site support (overview in Silicon Valley) • Contribution to access to networking events http://runway.is

  15. „The way to get started is to quit talking and start doing“Walt Disney Ms. Marketa Havlova Head of Internationalization of SME Section Investment and Business Development Agency – CzechInvest Stepanska 15, 120 00, Prague 2, Czech Republic Marketa.havlova@czechinvest.org +420 296 342 576; +420 606 022 540 www.czechaccelerator.cz www.czechinvest.org

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