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 Connect & Support 6 I. Startup and Innovation ecosystem in the Czech Republic Connect & Support 7 Connect & Support 8 Connect & Support 9 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) Connect & Support 10 Connect & Support 11 Startup infrastructure Connect & Support 12 Startup Incubators, Accelerators & Co-working spaces Connect & Support 13 Top incubation/acceleration programs Connect & Support Successful start-up companies Connect and & Support more… 15 II. CzechInvest startup support Connect & Support 16 Project „Support for Start-ups“ • 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 Connect & Support 18 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 Connect & Support 22 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 Connect & Support 35 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 Connect & Support 38 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.