We help start-ups with business
CzechInvest Startup Department
Anna Hight
Connect & Support
14.8.2020 www.czechinvest.org 2 CzechInvest Investment and Business Development Agency
CzechInvest is a national agency of the Ministry of Industry and Trade of the Czech Republic. Established since 1992, the agency contributes to attracting foreign investments and developing domestic companies through its services and development programs.
Our Mission
• to support foreign direct investment
• to develop local companies
• to implement business-development programs
• to improve the business environment
Source: CzechInvest, 2020
Connect & Support 3 One-Stop-Shop for Investors CzechInvest´s Services
• Business intelligence
• Consultancy on available financial support
• Identification of green/brownfield sites, production or R&D facilities and offices
• Identification of potential acquisition, joint-ventures, start-ups and supply partners
• National start-up ambassador
• R&D co-operation support
• Tailor-made visits to the Czech Republic
• Referrals to professional associations
Source: CzechInvest, 2020
Connect & Support 4 CzechInvest Regional offices
CzechInvest
13 Regional officies
More than 20 years experience
Source: CzechInvest, 2020
Connect & Support 5 CzechInvest worldwide
USA
Canada
UK & Ireland
Germany
Russia
Japan
South Korea Source: CzechInvest, 2020 China – Shanghai
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I. Startup and Innovation ecosystem in the Czech Republic
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35 000 ICT Companies
TECH SCENE AVAST (1B USD) 150 000 people employed in ICT sector 33 222 university students in ICT programs 7 203 graduates in ICT 100+ AI graduates only in Prague
1 016 Number of startups (crunchbase)
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Connect & Support 11 Startup infrastructure
Connect & Support 12 Startup Incubators, Accelerators & Co-working spaces
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Connect & Support Successful start-up companies
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II. CzechInvest startup support
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• Financed from OP PIK (European Regional Development Fund – OP Enterprise and Innovations for Competitiveness) • Complete financial allocation: 195 mio CZK (7,5 mio EUR) • Plan to support 300 Czech based SMEs till the end of 2020
Connect & Support How do we help?
“valley of death”
Time
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Where do we help?
CzechStarter, CzechDemo, CzechAccelerator, CzechMatch
CZDE: CZST: TechDay Prague London (1/2019- (10/2019); 7/2019; CZAC: London 6/2019- (1/2019- 12/2019) 4/2019; 4/2019-6/2019; 9/2019- CZDE: 11/2019); Collision CZMA: London Toronto (4/2019 a CZDE: (5/2019) 10/2019) Slush CZDE: Tokyo CZDE: TechCrunch (2/2019) Web Summit CZDE: San Francisco Lisabon (11/2019) RISE (9/2019); Hong CZAC: San Kong Francisco (7/2019)CZDE: unbound (1/2019-4/2019; Singapore 4/2019-6/2019; (6/2019) 9/2019- CZMA: 11/2019); Singapore CZMA: San CZDE: Tech Day (2/2019 a Francisco CZDE: New York 6/2019): (1/2019 a TechCrun (5/2019); CZAC: 9/2019) ch CZAC: New York; Singapore CZST: Silicon Tel Aviv (1/2019-4/2019; (1/2019-4/2019; Valley Gold (6/2019) 4/2019-6/2019; 4/2019-6/2019; (5/2019 a 9/2019-11/2019); 9/2019- 10/2019) 11/2019); CZMA New York Source: CzechInvest, 2019 (5/2019 a 12/2019)
Connect & Support 19 Development of entrepreneurial activities of SMEs through the personal mentoring and specific consulting.
Offered services
Preparation phase
Connect 7-month program & Support 60+ mentors 4 consultancy companies 20 CzechStarter – Services Mentoring & Consultancy services
Mentoring: Gold phase 60+ mentors and advisors 2 weeks in Silicon Valley
and more
Budget: 25K€ per company
Connect & Support 21 Participation in international startup events, conferences and festivals e.g. TechCrunch, WebSummit, Slush
Offered services
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Connect & Support 23 Supporting the development of innovative Czech companies in developed foreign markets through consulting services focused primarily on the development of management experience and enhancement of marketing skills. Offered services
Connect & Support 3-month incubation program 24
Londo n New York Silicon Valley Singapore
Connect & Support 25 An opportunity to present company´s Pitch to investors and corporations abroad during Pitch events Offered services
Connect & Support 1-week program + preparation phase Connect & Support Connect & Support 27 Connect & Support 28 Connect & Support 29 Connect & Support 30 Connect & Support 31 Connect & Support 32 Connect & Support 33 34
We bring investors together with Czech start-ups
CzechInvest´s CzechLink StartUp project brings domestics and foreign investors together with Czech start-ups and thus supports the development of innovative business in the Czech Republic.
We take pride in our individual approach.
Cooperation with more than 160 start-ups Provide more than 160 innovative solutions Create more than 160 investment opportunities
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Start-up meetups
Breakfast at the US Roadshows Panel discussions ambassador’s residence
Workshops Alumni meetings Speed dating Pitch Nights
Connect & Support Connect & Support 36 37 Incoming startup mission 2019
• 5 startup companies (Hungary, Bulgaria, Finland x 2, Germany)
• Startup World Cup Summit
• Access2Finance workshop
• 1 company established their Czech brand as a result
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III. Visa program for startups
Connect & Support Program for Key and Scientific Staff Members Types of Employers
Research Technology Investor Institute company
New Start-up Company
Connect & Support Program for Key and Scientific Staff Members
Aimed to: Benefits:
• Non–EU countries • Granted earliest available appointment at the
• Statutory Representatives Embassy to apply for long-term Business Visa, Employee Card or Blue Card • Managers • Family members included • Key specialist • Shorter application processing times at MoI (30 days) • CZ-ISCO 1-3 • Some documents may be replaced with Employer`s • Wage reguirements affirmation
Accommodation, Contract, Qualification
• No time restriction on changing employers
Connect & Support 41 Program for Key and Scientific Staff Members
General Conditions for inclusion: Apply to:
• START-UPS – contract with technology
investor or start-up incubator recognized by • CzechInvest
the Programme [email protected] • Start-ups older that 2 years need to comply general conditions:
• No debts on taxes, social or health insurance, published financial closing, no fines over 100 000 CZK imposed by labour office or inspectorate
Connect & Support Thank you for your attention
Anna Hight Project manager [email protected] www.czechinvest.org/start-ups
Connect & Support
Connect & Support