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NOVICOR Consultancy for Technology

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NOVICOR Consultancy for Technology

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NOVICOR Consultancy for Technology

  1. 1. 8/25/2014
  2. 2. 8/25/2014 Novicor Introduction We assist our clients in  Accessing public and private funding  Building international project partnerships  Developing strategies and roadmaps to  gain access to new technologies  trigger innovation  maximize funding and grant opportunities 2
  3. 3. 8/25/2014 About Us  Established in 2006  Academic & International Network  Acquired by Sistem Group in early 2011 SISTEM GROUP  CPA, Legal, Financial Consulting and Financial Operations outsourcing services  Offices in Ankara and Istanbul  Over 80 employees 3
  4. 4. 8/25/2014 Project Distribution Informa on and Communica on Technologies 68% Biotech and Health 12% Automo ve 8% Tex les 5% Other 7% 4
  5. 5. 8/25/2014 Key References 5
  6. 6. 8/25/2014 Our Academic References 6
  7. 7. 8/25/2014 Novicor Approach Technology Consulting • R&D goals • Evaluation of key strengths International Cooperation •New markets •New technologies High Success Rate • National %96 • Binational %100 • European %68 Winning Strategies • Roadmapping • Funds • Technologies • New products 7 E x c e l l e n c e
  8. 8. 8/25/2014 Our Service Innovation Uncertainty  Developing funding strategies  Selection of the correct funding mechanism  Ideal approach based on the fund programme  Balancing client and programme needs  Innovation - Uncertainty  Client expectations  Maximizing the project budget  Maximizing funding rate  Building networks  Academic  International  Building lasting cooperation partnerships 8
  9. 9. 8/25/2014 Funding Options European Funding Binational Programmes National Funding • Big budgets • Multiple partners • Funding rates up to 120% • 2007-2013 budget: € 54 B • Minimum of one partner • 60 % - 75 % funding rate • Efficient process • Tax subsidies • 50 % – 75 % funding rate • Over € 500 M annually 9
  10. 10. 8/25/2014 Ethical Guidelines  Never take on projects that have a low chance of being funded  Never craft a project application that is unrealistic and beyond the skillset of our client  Never include side costs that are not in line with the rules of the programme 10
  11. 11. 8/25/2014 Social Responsibility  100 % subsidization of our consulting fees for R&D intensive startups at their founding stage.  Lobbying the government to improve the R&D support system for SMEs  Free trainings at universities and SME platforms on R&D support mechanisms 11
  12. 12. 8/25/2014 Sample Budget  Project Budget: 800.000 TL  Assumption: %30 of total costs is personnel costs  Law 5746 tax reduction #1  Social Security and Personal Income Tax: ~ 45.000 TL  Remaining Budget: 755.000 TL  TÜBİTAK – TEYDEB grants  SME: 566.250 TL  Large Enterprise: 377.500 TL – 453.000 TL  Law 5746 tax reduction #2  Corporate Income Tax Reduction: ~ 37.750 – 75.500 TL  Overall Funding  SME: 762.250 TL (% 95 of total)  Large Enterprise: 573.500 TL - 649.000 TL (%71 - %81 of total)  Optionally a 4 year 0 interest USD loan can be requested from TTGV for the same project. 12
  13. 13. 8/25/2014 TÜBİTAK R&D Programmes  All Payments are Grants  %40 – %75 Funding Rate  No maximum project budget  Projects up to 36 months  Open to all companies in Turkey (even those with 100% foreign ownership)  Detailed review/audit of R&D content  Reimbursement of costs following audit of receipts and activities in 6 months intervals  No limit to the number of projects a single company can submit 13
  14. 14. 8/25/2014 TÜBİTAK – European Union EUREKA – Eurostars Programme  All payments are grants  75% funding rate for SME’s  60% funding rate for Large Enterprise  No maximum project budget  No maximum project duration  Open to all Ltd and AŞ status companies  Accelerated project review process  International project partner required  Project partners must be independent  Local & International Application  Fast access to international markets  Detailed review of R&D content  Post reimbursement of costs in 6 months intervals  No limit to the number of projects 14

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