Czech Technology Park is being developed by the joint-stock company Technologický Park Brno as a joint investment of the City of Brno and the British international company P&O. The company also cooperates with its other shareholder, the Brno University of Technology.
British company Istithmar P&O Estates concentrates on the acquisition, development and management of category A office buildings, business parks and retail projects across Europe. As a part of the P&O Group and Dubai World international corporations, P&O Estates has developed over 2.3 million square metres in real estate. These projects include shopping centres, industrial buildings, business parks, residential and office buildings and important urban projects with mixed use across Europe and United States.
City of Brno is the second largest city in the Czech Republic. Thanks to its strategic location in the very heart of Europe the city has been an important centre of business and industry for generations. With its long tradition of mechanical and electrical engineering Brno became the focal point of new high-tech companies which are attracted to this location by the highly qualified labour in combination with low wages. Brno is the seat of several universities and other higher education institutions. It is also the seat of the supreme judicial bodies, such as the Supreme Court of the Czech Republic. The world-renowned exhibition centre, BVV, underpins the importance of the city as a social and economic centre. It organises a large number of international trade fairs, exhibitions and congresses. The main railway corridor provides connection to the European railway network and the Brno international airport operates direct flights to several international destinations.
Brno University of Technology was founded in 1899. BUT offers education at the faculties of architecture, electrical engineering and communication technology, information technology, chemistry, business administration, civil engineering, mechanical engineering, fine arts and at three university institutes where the university educates highly qualified graduates: CEITEC, the Central European Technological Institute; BUT Centre of Sports Activities; and Institute of Forensic Engineering. The university has 24 thousand students and 2.7 thousand employees. It cooperates with many companies on the practical application of projects. This institution is active in finding possibilities of cooperation on research with high quality international and local businesses and welcomes any such opportunity.