Binationalfunds abc

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Binationalfunds abc

  1. 1. Bi-National Funds Strategic Partnerships & Funding Presented by Vibeke Dank April Business Consulting Executive Forum 2010 2010 ‫יום חמישי 51 אפריל‬
  2. 2. Agenda What are binational funds ? Principles & characteristics Process & agreements List of funds & examples More international funding options Summary 2010 ‫יום חמישי 51 אפריל‬
  3. 3. Funding sources Binational fund, each OCS allocates budget to the fund Bilateral agreement where each government agrees to fund joint programs 2010 ‫יום חמישי 51 אפריל‬
  4. 4. Principles Fund gains no equity in either company No intellectual property rights to fund Funding is repaid via royalties from commercial sales Foreign partner also gets parallel funding As with OCS, requires matching funding from other source 2010 ‫יום חמישי 51 אפריל‬
  5. 5. Characteristics Funding up to “commercial readiness” of project preference to R&D larger company product definition and specification, sales, and service smaller company product development and some manufacturing 2010 ‫יום חמישי 51 אפריל‬
  6. 6. Characteristics No service payment to binational fund Foreign partner may be shareholder in Israeli company most funds have positive cash flow Wide variety of markets and fields 2010 ‫יום חמישי 51 אפריל‬
  7. 7. Process Choose a “partner” country Identify the relevant fund and its timelines Identify a local partner Agree with local partner on joint proposal and project principles Submit proposal to fund (jointly) 2010 ‫יום חמישי 51 אפריל‬
  8. 8. Agreements After funding award, 2 related agreements trilateral agreement between fund and both partners standard bilateral agreement between 2 partners, including commercial arrangements flexible , no fund involvement 2010 ‫יום חמישי 51 אפריל‬
  9. 9. Country List EUROPE • Spain • Taiwan • Belgium • Sweden • Australia • Britain • Czech Republic (Victoria) • Denmark • Switzerland • Singapore • Finland • Turkey • South Korea • France • Coming Soon • AMERICAS • Germany • Hungary • USA • Holland • Romania • Also: Maryland • Italy • APAC & Virginia • Portugal • China • Canada • Russia • Hong Kong • Also: Ontario • Slovenia • India • Argentina 2010 ‫יום חמישי 51 אפריל‬
  10. 10. BIRD: US/ Israel 20 projects annually cumulative sales exceeding 8B$ Project type $$ Schedule Fund Approval by: Full scale ~400,000 2/ year Board of Governors project USD ~200,000 Mini project ongoing Executive Director USD 2010 ‫יום חמישי 51 אפריל‬
  11. 11. SIIRDF: Singapore Project type $$ Duration duration up to 3 years, 100,000 -750,000 Full scale project not more than 500K per USD year duration up to 1 Mini project ~100,000 USD year Feasibility Study 30,000USD 2010 ‫יום חמישי 51 אפריל‬
  12. 12. CIIRDF: Canada/ Israel Project How long to Project type $$ Schedule approve? Full-scale ~800,000 up to 3 6-8 weeks Project CAD years Feasibility ~20,000 6 months ~ 2 weeks Study CAD 2010 ‫יום חמישי 51 אפריל‬
  13. 13. Other funding options Multi-lateral programs, such as FP7 (ISERD), Eureka, Galileo, SESAR, Eurostars Multi-national enterprise cooperation together with the OCS 2010 ‫יום חמישי 51 אפריל‬
  14. 14. Multi-national Enterprises 2 parallel sources of funding: OCS & multi- national enterprise “No limit” on funding amount OCS will match multi-national investment (up to 50% of approved budget, not exceeding multi- national investment value) Multi-national funding in cash or cash-value (goods, services, licenses) Purpose: Product development or adaptation 2010 ‫יום חמישי 51 אפריל‬
  15. 15. Enterprise List Alcatel Lucent Merck Arkema Microsoft Braun Novozymes Coca Cola Oracle Deutcshe Telekom Renault GE Sun Micro Systems HP IBM Intel   2010 ‫יום חמישי 51 אפריל‬
  16. 16. Summary Fast track funding for mini projects Periodic funding for large projects Strategic foreign partner who also gets funded No equity to fund No IP rights to fund Monetary obligation contingent upon actual commercial sales 2010 ‫יום חמישי 51 אפריל‬
  17. 17. ‫‪Thank you‬‬ ‫יום חמישי 51 אפריל 0102‬

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