Key Competitive Attractions
Olomouc is a highly developed region in the Czech Republic, with government and EU backing the Czech Nanotechnology, Information Technology, MedChemBio and Wood Processing Cluster are all located in the region. These clusters aim to foster cooperation between companies in the fields for which they were developed, increase innovation in these areas, and provide industry specific training. Olomouc region is home to approximately 640,000 people in an area of 5,267 km sq.
Olomouc Region is named after its capital city. Olomouc University attracts over 25,000 students every year, equivalent to ¼ of the local population, and giving Olomouc City the highest density of students relative to population in central Europe.
Olomouc shares a border with Germany, and is thus advantageously located for investors seeking entrance into German markets. Lower living and production costs than Germany are a strong draw for foreign investors.
Assistance and Support For New Business Investors
The Regional Development Agency of Olomouc works closely with investors in order to promote the development of the region. They specialise in offering personal, confidential advice to potential investors, as well as advising on available funding.
