Startup Europe: EU funding for start-ups

EC Funding for startups
Dr. Iraklis Agiovlasitis

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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

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http://ec.europa.eu/digital-
agenda/en/about-startup-europe

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

1. The SME Instrument
2. FI-WARE
3. FET-Open
4. COSME
5. Access to risk finance
6. Enterprise Europe Network
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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
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2. FI-WARE
3. FET-Open
4. COSME
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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

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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.

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

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
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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
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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)
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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.
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Themes for 2014-2015
In 2014 and 2015 the SME Instrument will sponsor SMEs operating within 13
themes:
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• 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)

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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

Evaluation process
• Remote evaluation
• No consensus meetings
• Short standardised feedback
• No negotiations
• Only one application per company allowed for all phases
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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
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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!).
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2 things to remember
• Disruptive innovation
• Size and age matter!
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http://ec.europa.eu/easme/
en/horizons-2020-sme-
instrument
More Info

2. FI-WARE
3. FET-Open
4. COSME
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http://www.fi-ware.org
More Info

2. FI-WARE
3. FET-Open
4. COSME
38

FET
Interdisciplinary
Novelty
S&T targeted
Foundational
High-Risk
Long-term vision
Uncorrelated
Research projects
FET-Open
Early Ideas
Exploring
novel ideas
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• 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
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http://ec.europa.eu/digital-
agenda/en/fet-open
More Info

2. FI-WARE
3. FET-Open
4. COSME
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Coming early 2015
Calls will be launched locally

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http://www.erasmus-
entrepreneurs.eu/
More Info

2. FI-WARE
3. FET-Open
4. COSME
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http://www.access2finance.eu
More Info

2. FI-WARE
3. FET-Open
4. COSME
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One-stop shop for
European SMEs
Practical help from local organisations
Listening to SMEs
Almost 600 partner
organisations in
54 countries

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

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?

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

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Innovation management
Διαδικτυακή
αυτοαξιολόγηση
Benchmarking
Report
Συμβουλευτική
προσέγγιση
Συνεχής
βελτίωση

http://www.enterprise-hellas.gr
Enterprise Europe Network - Hellas

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

Startup Europe: EU funding for start-ups

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