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Startup Europe: EU funding for start-ups

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Do you have the next big commercial idea that will disrupt the ICT industry and conquer the world? Are you looking for money for your start-up, without giving up equity? Do you want to find out what Open Disruptive Innovation, FI-WARE or COSME mean? Compared to traditional investors from the private sector, EU funding provides support with minimal strings attached and does not require Entrepreneurs to surrender any ownership of their idea or shares of their start-up. This presentation was part of the workshops sessions in ID-GC 2014 event held in Athens Concert Hall (15 Novermber 2014).

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Startup Europe: EU funding for start-ups

  1. 1. EC Funding for startups Dr. Iraklis Agiovlasitis
  2. 2. 5
  3. 3. 6
  4. 4. 8
  5. 5. 9 Horizon 2020 The SME Instrument Erasmus+ Life+ Creative Europe PCP/PPI FI-WARE MCSA Reflective Societies RIA/IA/CSA IMI Access to risk financeParticipant portal
  6. 6. 10 http://ec.europa.eu/digital- agenda/en/about-startup-europe
  7. 7. Who can participate? In general all legal entities: • Companies of any size • Companies founded at any time • In any EU-28 or associated countries But also • Universities • Individual researchers • Research organisations • Public bodies (local, regional, national) • Federations, foundations, network organisations • International organsiations
  8. 8. 1. The SME Instrument 2. FI-WARE 3. FET-Open 4. COSME 5. Access to risk finance 6. Enterprise Europe Network 12
  9. 9. 13
  10. 10. SME Instrument • 50K – 5 M€ • Disruptive innovation • 13 topics FI-WARE • 5K – 200K€ • Future Internet & Open APIs • 16 accelerators – 8 topics FET-OPEN • 2 – 4 M€ • High risk research projects • Breakthrough ideas • Collaborative (3 partners minimum) COSME • Erasmus for young entrepreneurs Access to risk finance • Debt • Equity Enterprise Europe Network • Networking • Innovation management • Information about funding • Free Support Services 14
  11. 11. 1. The SME Instrument 2. FI-WARE 3. FET-Open 4. COSME 5. Access to risk finance 6. Enterprise Europe Network 15
  12. 12. Desired SME profile • For innovative SMEs with an ambition to develop, grow and have an international impact • Focused on established SMEs with high growth potential • Single company support (consortia of several SMEs possible) • Activities at TRL 6 or above • No obligation for applicants to sequentially cover all three phases; still a "linear" process is strongly encouraged • 70% funding (exceptions possible) 17
  13. 13. 18 TRL 0: Idea. Unproven concept, no testing has been performed. TRL 1: Basic research. Principles postulated and observed but no experimental proof available. TRL 2: Technology formulation. Concept and application have been formulated. TRL 3: Applied research. First laboratory tests completed; proof of concept. Technology Readiness Levels TRL 4: Small scale prototype built in a laboratory environment ("ugly" prototype). TRL 5: Large scale prototype tested in intended environment. TRL 6: Prototype system tested in intended environment close to expected performance. TRL 7: Demonstration system operating in operational environment at pre-commercial scale. TRL 8: First of a kind commercial system. Manufacturing issues solved. TRL 9: Full commercial application, technology available for consumers.
  14. 14. Why participate? • Rank among the best European SMEs • Visibility at a European and global level • Business/management coaching • Networking opportunities • Support for follow-up financing 19
  15. 15. The 3 Project Phases Phase 1 - Concept & Feasibility Assessment o €50 000 in EU funding o Feasibility study o Initial 10 page business proposal to be drafted o 6 months in duration 20
  16. 16. The 3 Project Phases Phase 2 – Innovation Project o Between €0.5 million and €2.5 million in EU funding. o Develop project through innovation strategy o Draft a more developed, 30 page business plan o 1-2 years in duration 21
  17. 17. The 3 Project Phases Phase 3 – Market launch o No stand-alone phase! o No direct funding o Extensive support and coaching o Facilitate access to risk finance o Additional support and networking opportunities (EEN) 22
  18. 18. Call Organisation • Open call: Submissions can be submitted any time, and will be immediately evaluated • 4 cut-off dates per year (March, June, September, December) for ranking and finance decisions • Budget: For 2014 5% of the combined budget of SC and LEIT, overall minimum 7% of these combined budget. Total is roughly € 3 billion. 23
  19. 19. Themes for 2014-2015 In 2014 and 2015 the SME Instrument will sponsor SMEs operating within 13 themes: 24 • ICT: open disruptive innovation • Nanotech, or other advanced tech for manufacturing and materials • Space research and development • Diagnostics devices and biomarkers • Sustainable food production and processing • Blue growth • Low carbon energy systems • Greener and more integrated transport • Eco-innovation and sustainable raw material supply • Urban critical infrastructure • Biotechnology-based industrial processes • Mobile e-government applications (2015 only) • SME business model innovation (2015 only)
  20. 20. 25 Themes Call id 2014 Call id 2015 Phase 1 Phase 2 Phase 1 Phase 2 High risk ICT innovation ICT-37-2014-1 90 projects €4.5m ICT-37-2014 ~26 projects €40m ICT-37-2015-1 90 projects €4.5m ICT-37-2015 ~26 projects €40m Nanotech, or other advanced tech for manufacturing and materials NMP-25-2014-1 43 projects €2.2m NMP-25-2014 ~13 projects €19m NMP-25-2015-1. 47 projects €2.4m NMP-25-2015 14 projects €21m Space research and development Space-SME-2014-1 17 projects €0.8m Space-SME-2014-2 ~5 projects €7.5m Space-SME-2015-1 18 projects €0.9m Space-SME-2015-2 ~13 projects €7.7m Diagnostics devices and biomarkers PHC-12-2014-1 132 projects €6.6m PHC-12-2014 ~38 projects €53m PHC-12-2015-1 90 projects €4.5m PHC-12-2015 ~26 projects €40m Sustainable food production and processing SFS-08-2014-1 18 projects €0.9m SFS-08-2014 ~5 projects €8m SFS-08-2015-1 18 projects €1.7m SFS-08-2015 ~10 projects €15m Seas and oceans (Blue growth) BG-12-2014-1 6 projects €0.3m BG-12-2014 1-2 projects €2.6m BG-12-2015-1 10 projects €0.5m BG-12-2015 2-3 projects €4m Low carbon energy systems SIE-01-2014-1 67 projects €3.4m SIE-01-2014 ~20 projects €29m SIE-01-2015-1 74 projects €3.7m SIE-01-2015 ~22 projects €31m Greener and more integrated transport IT-1-2014-1 72 projects €3.6m IT-1-2014 ~21 projects €32m IT-1-2015-1 78 projects €3.9m IT-1-2015 23 projects €34m Eco-innovation and sustainable raw material supply SC5-20-2014-1 ~34 projects €1.7m SC5-20-2014 ~10 projects €15m SC5-20-2015-1 38 projects €1.9m SC5-20-2015 ~11 projects €17m Urban critical infrastructure DRS-17-2014-1 14 projects €0.7m DRS-17-2014 4 projects €6m DRS-17-2015-1 14 projects €0.7m DRS-17-2015 ~4 projects €6.5m Biotechnology-based industrial processes BIOTEC-5a-2014-1 8 projects €0.4m BIOTEC-5a-2014 ~2 projects €3.3m BIOTEC-5b-2015-1 5 projects €0.2m BIOTEC-5b-2015 1 project €2m Mobile e-government applications - - INSO-9-2015-1 8 projects €0.4m INSO-9-2015 ~2 projects €3.5m SME business model innovation - - INSO-10-2015-1 22 projects €1.1m INSO-10-2015 ~6 projects €9m
  21. 21. Evaluation process • Remote evaluation • No consensus meetings • Short standardised feedback • No negotiations • Only one application per company allowed for all phases 26
  22. 22. Evaluation criteria • Possible economic impact • Excellence in innovation • Commercialisation potential • SME potential achieving the envisaged results • Evaluation can be stopped if proposals fail to achieve a threshold for 'impact' criterion 27
  23. 23. Lessons learnt Most of the non-selected proposals were: • Too much focused on the project and not enough on the business opportunity; • Not convincing when describing the company (you have to explain why your company will succeed and not your competitor); • Not providing enough information on competing solutions; • Having a too low level of innovation, planning to develop a product that already exists on the market; • Proposing just an idea without any concept for its commercialisation; • Just trying their luck (the SME Instrument is not a lottery!). 28
  24. 24. 2 things to remember • Disruptive innovation • Size and age matter! 29
  25. 25. 30 http://ec.europa.eu/easme/ en/horizons-2020-sme- instrument More Info
  26. 26. 1. The SME Instrument 2. FI-WARE 3. FET-Open 4. COSME 5. Access to risk finance 6. Enterprise Europe Network 31
  27. 27. 32
  28. 28. 33
  29. 29. 34
  30. 30. 35
  31. 31. 36
  32. 32. 37 http://www.fi-ware.org More Info
  33. 33. 1. The SME Instrument 2. FI-WARE 3. FET-Open 4. COSME 5. Access to risk finance 6. Enterprise Europe Network 38
  34. 34. FET Interdisciplinary Novelty S&T targeted Foundational High-Risk Long-term vision Uncorrelated Research projects FET-Open Early Ideas Exploring novel ideas 39
  35. 35. • Collaborative project • 3 partners from 3 European countries • 'Open is open': all technologies, no topical scope. • High risk-high gain research • An end-to-end light and fast scheme: o Deadline free, open 24/7 o 15 pages proposal o 1 step submission, 1 stage evaluation o FET specific evaluation criteria • Instrument o Research and Innovation Action (RIA) Cut-off dates: 30/09 & 31/03 40
  36. 36. 41 http://ec.europa.eu/digital- agenda/en/fet-open More Info
  37. 37. 1. The SME Instrument 2. FI-WARE 3. FET-Open 4. COSME 5. Access to risk finance 6. Enterprise Europe Network 42
  38. 38. 43 Coming early 2015 Calls will be launched locally
  39. 39. 44 http://www.erasmus- entrepreneurs.eu/ More Info
  40. 40. 1. The SME Instrument 2. FI-WARE 3. FET-Open 4. COSME 5. Access to risk finance 6. Enterprise Europe Network 45
  41. 41. 46
  42. 42. 47
  43. 43. 48 http://www.access2finance.eu More Info
  44. 44. 1. The SME Instrument 2. FI-WARE 3. FET-Open 4. COSME 5. Access to risk finance 6. Enterprise Europe Network 49
  45. 45. One-stop shop for European SMEs Practical help from local organisations Listening to SMEs Almost 600 partner organisations in 54 countries
  46. 46. Enterprise Europe Network One-stop shop for European SMEs Since its launch, the Network has: • Helped 7 000 companies to sign business, technology or research partnerships • Brought 90,000 companies to international brokerage events and company missions • Answered 375,000 questions on EU issues • Attracted more than 1 million people to events
  47. 47. I need a business partner in another country… How do I get European funding? What does this EU law mean for my business? How do I find a new market abroad? How can I sell my innovative ideas and technology?
  48. 48. Events • Gamesmatch@gamescom o Κολωνία, 13-15 Αυγούστου 2014 • ICT Proposers day o Φλωρεντία, 9-10 Οκτωβρίου 2014 • Horizon 2020 Brokerage o Ντύσσελντορφ, 30-31 Οκτωβρίου 2014
  49. 49. 55 Innovation management Διαδικτυακή αυτοαξιολόγηση Benchmarking Report Συμβουλευτική προσέγγιση Συνεχής βελτίωση
  50. 50. http://www.enterprise-hellas.gr Enterprise Europe Network - Hellas
  51. 51. EKT: National Documentation Centre Access to content http://www.epset.gr PhD Theses http://www.didaktorika.gr Metrics (www.ekt.gr/metrics): -R+D Indicators National Contact Point -Horizon 2020 -COSME
  52. 52. agiovlasitis@ekt.gr @hercagio

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