Incubated IT Start-Ups - Reliable Partners

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1 Incubated IT Start-Ups Reliable Partners Radu Ticiu executive director 1 Introduction the first business incubator focused on IT development in the Western part of Romania a common project of Politehnica University of Timişoara, Timişoara City Council and Timiş County Council supported by German Agency for Technical Co-operation mainly local funding (vs national/external funding) conceived as a local development instrument developed as a measure to reverse the high migration rate of local Computer Science graduates in 90s 2

2 Mission Timisoara Software Business Incubator will foster the start-up and growth of software companies founded by students and young university graduates of high technology specialization (Automation, Computer Sciences, Electronics, Communications, Informatics), providing them business infrastructure and assistance and an adequate office space in favoured financial terms. 3 Services Office space rental: - 16 incubation units (20 or 40 sqm) - monthly rent 10 euro/sqm ( 60% subsidized) -access to communication networks -access to meeting & training rooms Basic secretarial services: - phone switchboard - faxing, scanning, copying, color printing - incoming mail sorting & outgoing mail preparation 4

3 Business support services: -Entrepreneurial Support Program -General business information -Legal and accounting/tax consultancy -Partner search assistance -Business contacts facilitation -Facilitation of fair/expo participation -Internal/external networking Benchmarking service Services (cont) 5 Partners - Local universities - Regional Development Agency - Timisoara Chamber of Commerce, Industry and Agriculture - Local office of Romanian Business Consultancy Network - ARIES Romanian Association of Electronics and Software Industry - Zenit GmbH and VDI/VDE (Germany) - CICOM (France) 6

4 Incubated Companies Abstract Connection business decision support systems ATYSOFT - web content manangement solutions, mobile aplications Bodrag consumer PC utilitary tools Dow-Media web applications, e-media solutions INTERKOR web applications, customized software HPC Consulting high-performance computing, training IS Group - web development, system integration, pre-print media processing 7 MHSWare integrated hardware and software system Realnet - web development, e-commerce Silver no 9 medical software, web-based applications Smart-X web development, e-government and CMS applications SOFTAge industrial customised software Soft Class media streaming, e-commerce, e- learning applications Solsys network & directory management solutions 14 companies 1-7 employees Incubated Companies overview total number of employees 53 (3 PhD Students, 28 engineers) clients in Romania, USA, Great Britain, Holland, Austria, Ireland, Japan two companies already doing business with an Italian partner (Softwerize a software development/services company, member of Zoppas Group) 8

5 Local context I (regional) Timişoara is the second regional economic, technological and university pole in Romania about inhabitants Computer Science departments in 4 universities ( 1600 students) International Airport with multiple daily flights to about 10 Italy cities, (Torino included), and about 15 other European cities 12 driving hours from Torino (90 km to the closest highway) software development and services departments of world class corporations (Siemens, Alcatel, Oce, ACI, etc) IT&C clustering trends (working groups, IT&C export strategy, networking events) 9 Location in Europe 10

6 Local context II (R&D) Research & development in the field of IT&C Computer Science Departments of Timisoara Politehnica University (Advanced Management Systems, Medical Informatic Systems, Real-time Systems, Relational Data Base over High Performance Computing Networks, Image Recognition and Clasification applied in Psychology, Human speech recognition and processing) E-Austria Institute (Formal Verification, Embedded Systems, Software Engineering, Computational Mathematics, Parallel and Distributed Computing, Knowledge management, Security, Soft computing, Computational Complexity, Phase Transitions in Computer Science) 11 Local context III (legal, fiscal, labor) Relatively easy company registration process Limited liability company registration costs < 500 euro About 10 days (significant number of Italian owned consultancy companies) Fiscal environment 16% flat tax on profit Other taxes (mainly salary linked) Average cumulated salary cost for a medium level IT&C specialist 1200 euro 12

7 European Office Services Network EU funded project EU/worldwide network (23 contries, 31 BI's, Science Parks, Business Information Centers) I3P member of the consortium Free 3 days usage of an equipped office (printer, fax, telephone, Internet, copier) + access to 8 person conference room Additional business support services available -logistics - local VIP contact facilitation - legal/accountancy, translations, services, marketing, etc. 13 Contact 9 th Bd. Republicii, 3 rd floor Timisoara Tel: / Fax: / office@it-incubator.ro Website: 14

8 Bienvenutti a Timisoara! 15

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