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Factsheet for measure CZ-1992-1/2546 – measures in Czechia

CzechInvest – Investment and Business Development Agency

CzechInvest – Agentura pro podporu podnikání a investic

Country Czechia , applies nationwide
Time period Open ended, started on 01 January 1992
Context Restructuring Support Instruments
Type Legislations or other statutory regulations
Category Reorientation of business activities
– Matching/networking
Author Aleš Kroupa (Research Institute for Labour and Social Affairs)
Measure added 23 June 2022 (updated 02 November 2022)

Background information

Czechinvest (www.czechinvest.org) is a state-funded organization established to support business and investment. CzechInvest’s activities are focused mostly on:

  • development of Czech technology firms’ potential,
  • support of 'smart' investments,
  • support of business transfers,
  • the motivation of foreign investors already established in Czechia towards sophisticated complementary investments,
  • development and cultivation of the national start-ups and spin-off environment,
  • assistance for Czech firms when entering foreign markets,
  • promotion of the Czech economy, technologies, and R&D abroad,
  • linking of partners from the business and R&D spheres,
  • use of trends in progressive sectors of the global economy.

Content of measure

Established in 1992 by the Ministry of Industry and Trade (www.mpo.cz), CzechInvest task is to attract foreign investment and to support domestic companies through its services and development programmes. Currently, CzechInvest also promotes Czechia abroad. CzechInvest services are generally available to all entrepreneurs; however, most of the services target large businesses. Some services and projects are intended to support SMEs and municipalities. CzechInvest helps Czech innovative start-up entrepreneurs through four sub-activities: CzechStarter, CzechAccelerator, CzechMatch and CzechDemo. All these sub-activities were financed by the Operational Programme Enterprise and Innovation for Competitiveness 2014-2020.

CzechInvest is authorised to file applications for investment incentives with the relevant governing bodies. It prepares draft offers to grant investment incentives for the government of Czechia. Its role also involves providing potential investors with recent data and information on the business climate, the investment environment and opportunities in Czechia. All its services are provided free of charge. 

Use of measure

The CzechInvest is monitored in terms of volume of mediated investments, number of projects, and a number of created jobs.

Projects mediated in 2010-2019

2010 Number of Projects: 60 Amount of Investments: (CZK million/€ million): 14,615.2 / 539.3 Number of jobs created: 7,037

2011 Number of Projects: 72 Amount of Investments (CZK million/€ million): 33,015.5 / 1,218.3 Number of jobs created: 10,702

2012 Number of Projects: 81 Amount of Investments (CZK million/€ million): 20,369.6 / 751.6 Number of jobs created: 8,530

2013 Number of Projects: 108 Amount of Investments (CZK million/€ million): 47,937.2 / 1,768.9 Number of jobs created: 10,412

2014 Number of Projects: 147 Amount of Investments (CZK million/€ million): 89,956.1 / 3,319.4 Number of jobs created: 16,842

2015 Number of Projects: 106 Amount of Investments (CZK million/€ million): 44,969.6 / 1,659.4 Number of jobs created: 14,040

2016 Number of Projects: 100 Amount of Investments (CZK million/€ million): 61,510 / 2,387 Number of jobs created: 12,097

2017 Number of Projects: 106 Amount of Investments (CZK million/€ million): 62,996 / 2,445 Number of jobs created: 12,116

2018 Number of Projects: 82 Amount of Investments (CZK million/€ million): 36,387 / 1,412 Number of jobs created: 6,146

2019 Number of Projects: 94 Amount of Investments (CZK million/€ million): 54,700 / 2,036 Number of jobs created: N/A

Source: CzechInvest, Annual Reports

Target groups

Workers Businesses Citizens
Applies to all workers Applies to all businesses Does not apply to citizens

Actors and funding

Actors Funding
National government
European Funds
National funds

Social partners

Social partners' role in designing the measure and form of involvement:

Trade unions Employers' organisations
Role No involvement No involvement
Form Not applicable Not applicable

Social partners' role in the implementation, monitoring and assessment phase:

  • No involvement
  • Main level of involvement: Unknown

Involvement

Unknown

Views and reactions

Unknown

Sources

Citation

Eurofound (2022), CzechInvest – Investment and Business Development Agency, measure CZ-1992-1/2546 (measures in Czechia), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/CZ-1992-1_2546.html

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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.