Sourcing & Joint Ventures

Thanks to the long tradition and great diversity of the Czech industry, the country offers vast sourcing opportunities for your business. If you are looking for a supplier or business partner in the Czech Republic, CzechInvest is prepared to provide you the following services:

• recommendation of suitable suppliers and business partners
• recommendation of suitable joint-venture partners
• facilitation of establishing contacts with Czech companies and meetings with business partners
• preparation of visits to selected Czech companies
• organisation of business-trip itineraries
• business-trip accompaniment by a CzechInvest project manager
• meetings with potential suppliers in the form of supplier forums

In order to ensure the quality of local suppliers, CzechInvest offers them education and consulting services within the Supplier Development Programme. The crucial instrument within the Programme is benchmarking of the suppliers based on the model of European Foundation for Quality Excellence. Suppliers are given step-by-step suggestions to improve the standard of their business activities. Throughout the process, foreign companies – as potential customers – are being consulted in order to ensure that their priorities and demands are reflected. Between 2003 and 2005, the Czech companies participating in the Programme increased their labour productivity by 10% and their sales went up by 15%.

CzechInvest has also created a database of Czech companies operating in the manufacturing industry, as well as specialised sector databases covering the automotive and aerospace industries. Databases covering the IT and electronics sectors are being prepared. The databases are freely available on our website and can be used for seeking out and classifying suppliers and potential partners for joint ventures in the Czech Republic.

To link foreign investors with potential suppliers, CzechInvest organises supplier days. At these events, foreign companies can communicate their supply needs. Suppliers, in turn, have an opportunity to offer their products and services. CzechInvest has experience with organising both larger events for 15 multinationals and 200 potential suppliers and smaller meetings between a foreign investor and a few suppliers.

With the help of all these instruments, CzechInvest mediated supplier contracts worth USD 250 million since 2001, mainly in the following sectors:

For more information, please contact us at suppliers@czechinvest.org.