fostering innovation in belgium
DESCRIPTION
Fostering Innovation in Belgium. Thomas Castrel, 25-9-2014. 1. “The iPhone is a niche product” Nokia CEO Olli — Pekka Kallasvuo , 17 April 2008. Belgium. At the border of 3 main European cultures. 11 million inhabitants Official languages : French, Dutch, German - PowerPoint PPT PresentationTRANSCRIPT
INVEST IN BELGIUM
Fostering Innovation in Belgium
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Thomas Castrel, 25-9-2014
INVEST IN BELGIUM
“The iPhone is a niche product” Nokia CEO Olli — Pekka Kallasvuo, 17 April 2008
INVEST IN BELGIUM
BelgiumAt the border of 3 main European cultures
• 11 million inhabitants
• Official languages:French, Dutch, German
• Independent since 1830
• Federal state since 1981
• Head of state: King Philippe
• Capital: Brussels
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INVEST IN BELGIUM
Belgium connected to Europe
75 %of the EU
Market (GDP)
40 %of the
consumers
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INVEST IN BELGIUM
Belgium is the second most globalised country in the world
KOF Index 2014 measures 25 variables indicating degree of integration into world economyKOF stands for Konjunkturforschung (Business cycle research)
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Ireland Belgium Netherlands UK France Germany USA Japan0
10
20
30
40
50
60
70
80
90
10092.17 91.61 91.33
83.72 82.7679.47
74.94
66.58
KOF Index of Globalization 2014
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A perfect assessment market
• Gateway to European market
• Multi-cultural population
• European diversity challenge on a small scale
Importation84% GDP
Exportation86% GDP
Source : The World Bank 2013
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Successful test in Belgium = successful test in Europe
H&M maintains a pilot store in Belgium in order to market-test all its newest clothing collections.
The Coca-Cola company has tested over 1,000 products in Belgium, including the well-received Coca-Cola Light Sango cola and Fanta World Mango product in 2006.
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INVEST IN BELGIUM
Education & skills
University Education
For information :
India 5,17Russia 5,04China 4,26Brazil 3,27
Sources : University Education (IMD World Competitiveness Yearbook 2014)
Language Skills
For information :
India 6,25China 4,95Russia 3,89Brazil 2,46
Language skills (IMD World Competitiveness Yearbook 2014)
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Japan
France
UK
Belgium
Netherlands
USA
Germany
4.74
6.1
6.28
7.22
7.48
7.64
7.72
Japan
UK
France
USA
Germany
Belgium
Netherlands
3.11
3.66
3.94
5.05
6.93
7.37
8.49
INVEST IN BELGIUM
Best quality for education and schooling
Sources : The Global Competitiveness Report World Economic Forum 2013 - 2014
Ranking Primary Education
Educational System
Math and Sciences
Management Schools
Belgium 2 7 3 2
Netherlands 10 12 14 9
Germany 25 14 21 27
France 35 43 15 5
UK 31 26 50 3
INVEST IN BELGIUM
An unique hotspot for lifelong learning“Best country in the world for academic research” The Scientist, November 2007
16 Outstanding Universities
• Universities meet the needs of a competitive economy : Belgium ranked 11th out of 60(IMD World Competitiveness Yearbook 2014)
• Strong interaction between teaching and research• Management schools ranked 2nd out of 148
(Global Competitiveness Report World Economic Forum 2013 - 2014)• 7 universities are classified in the Academic Ranking of the World Universities 2013 by
Shanghai Jiao Tong University.
Worldwide renowned Research Centres
• IMEC: nano-electronics• SCK-CEN: peaceful applications of nuclear science• ITM: Institute of Tropical Medicine• VIB: life sciences• Welbio: fundamental life sciences• VITO: sustainable technologies• Cenaero: high-tech industry, mainly in aeronautics• iMinds : Interdisciplinary Institute for Broadband Technology• … and many others
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EU innovation performance
Source: EU Commission, DG Enterprise, 2013
EU member states’ innovation performance
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German
y
Netherla
nds
Belgium UK
France Ita
lySp
ain0
0.10.20.30.40.50.60.70.8
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Research & Development
Ranking(out of 144 countries surveyed)
Availability of latest technology
Capacity for innovation
Quality of scientific research institutions
Availability of scientists and engineers
Belgium 12 10 4 30
Netherlands 9 9 7 41
Germany 13 3 6 17
France 18 16 13 24
UK 5 8 3 23
Source: Global Competitiveness Report World Economic Forum, 2013 - 2014
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INVEST IN BELGIUM
Research & Development
2012 EU Industrial R&D Scoreboard (European Commission)
• Belgium ranks as one of the best hosting nations for high-
tech R&D investments.
• US firms spend ten times more on R&D in the EU than in
China and India combined.
• Belgium is in a particularly good position to receive foreign
investments in R&D due to the high quality of its research
facilities, in combination with unparalleled R&D incentives.
• Belgium receives the third highest amount of R&D
expenditure by foreign-owned companies.
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Research & Development: incentives
1. Patent income deduction
• Deduction of 80% of the income from patents from the taxable basis, resulting in an effective tax rate of maximum
6,8% on this income
2. Investment deduction
• Investment deduction for R&D related investments
• deduction of 14,5% on the investment value (in one shot)
• OR 21,5% on the annual depreciation (spread deduction)
3. Exemption from withholding tax on the remunerations of researchers
• Principle: the salary withholding tax is normally retained on the remunerations paid to the researcher, but only 20%
of the retained amount of tax must be paid to the tax administration (= extra financial means for the employer) →
80 % exemption of the withholding tax !
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Implementation: science parks
• Louvain-La-Neuve Science Park (health, environment, engeneering)
• Liège GIGA• Gosselies • Leuven & Ghent Smart Hub• Newton & uno. Brussels• Etc…
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For further information
Flanders Investment & Trade
Koning Albert II-laan 37- 1030 Brussels
www.investinflanders.com - [email protected]
T : +32 2 504 87 11 - F : +32 2 504 88 99
Wallonia Export & Investment Agency Office For Foreign Investors
Avenue des Dessus de Lives 6 - 5101 Namur-Loyers
www.investinwallonia.be - [email protected]
T : +32 81 33 28 50 - F : +32 81 33 28 69
Brussels Invest & Export
c/o Ministry of Brussels-Capital Region
Avenue Louise 500 - 1050 Brussels
www.investinbrussels.com – [email protected]
T : +32 2 800 40 00 - F : + 32 2 800 40 01
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The Liaison Cel
Federal Public Service Economy
Contact person: Mrs Colette Vanstraelen
T : +32 2 277 72 82