Building a business from your ideas 2011


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  • We can help companies of all sizes to engage in innovation and research activities. From €5,000 Innovation Vouchers open to all, through collaborative research, right through to industry-led R&D at the top of the innovation ladder, we are here to help. Companies investing in R&D activities may also qualify for tax credits under the R&D Tax Credit Scheme which is managed by the Revenue Commissioners.
  • The Enterprise Ireland R&D Advocates Programme is designed to help companies develop and grow through engaging in technical innovation, development and design. We can provide the assistance you need to work out if R&D can help your business.  An R&D Advocate with a proven track record of success in business is selected to work with your company on our behalf.
  • The Innovation Voucher initiative was developed to build links between Ireland's public knowledge providers (i.e. higher education institutes, public research bodies) and small businesses.  Innovation Vouchers worth €5,000 are available to assist a company or companies to explore a business opportunity or problem with a registered knowledge provider.
  • Enterprise Ireland supports companies, who wish to grow their sales and employment, through our R&D offer finance and expertise. Whether you are getting inolved in R&D for the first time or looking to expand the research and development activities of your company we can support you:
  • Building a business from your ideas 2011

    1. 1. Building a Business on your ideas Ideagen Oct 25th What Enterprise Ireland can do for you
    2. 2. R&D and Innovation Innovation Vouchers - €5,000 for small companies to get innovative solutions to technical and business challenges R&D Advocates scheme - assistance to explore how R&D can help your business and help you get involved in R&D The R&D Fund - grants for in-house R&D projects, small and large, and collaboration bonuses for company-to-company collaboration Innovation Partnerships – up to €250,000 available for collaborative projects between companies and research teams in Higher Education Applied Research Enhancement Centres – collaborate in clusters of companies and access equipment & knowledge EU, FP7 and ESA - access funding and research partners across Europe Competence Centres – industry-led research in emerging technology sectors
    3. 3. Summary of EI R&D Offer € 200k contribution Co-funding of company-specific R&D in Irish colleges or institutes Innovation Partnerships € 150k max project cost As for R&D Fund above, but small projects for small companies & new R&D performers R&D Fund Small Projects € 450k grant To develop new or improved products, processes and services R&D Fund On request establish the commercial & technical feasibility of new products, processes and services Feasibility Study On request help formulate effective R&D and design strategies to underpin business development Strategic Consultancy € 5k voucher to investigate new technology opportunity (3 rd level institute or knowledge centre) Innovation vouchers 3 days offered specialist R&D advice and consultancy – shared costs R&D Advocates Programme
    4. 4. <ul><li>Target audience clients with limited interaction with EI </li></ul><ul><li>18 Advocates – Consultants not EI staff </li></ul><ul><li>Initial contact by phone and then company visit </li></ul><ul><li>Up to 3 days consultancy available with EI sharing the costs. </li></ul><ul><ul><li>Advocates Programme Manager - Cathy Courtney </li></ul></ul><ul><ul><ul><li>[email_address] </li></ul></ul></ul><ul><ul><ul><li>066 7149370 </li></ul></ul></ul>Advocates Programme
    5. 5. <ul><li>Standard and Pooled </li></ul><ul><li>Applications </li></ul><ul><li>3 Calls: 1st February 2011, 1st April 2011, 1st September 2011 </li></ul><ul><li>200 Vouchers Available In Each Call, Valid 12 Months </li></ul><ul><li>(If Over Subscribed:- Random Selection Process) </li></ul><ul><ul><li>Applicant Restrictions:- </li></ul></ul><ul><ul><ul><li>Used <2 Vouchers To Date </li></ul></ul></ul><ul><ul><ul><li>No Active Vouchers </li></ul></ul></ul><ul><ul><ul><li>Small, Reg. Limited Company </li></ul></ul></ul><ul><ul><ul><li>EI Clients: <€300k in R&D Support </li></ul></ul></ul>Innovation Vouchers 2011 Programme
    6. 6. Geographical Distribution 55 Clare 21 Cavan 59 Kilkenny 22 Longford 62 Westmeath 27 Tipperary North 69 Wexford 28 Roscommon 69 Louth 31 Monaghan 70 Limerick 33 Laois 80 Carlow 36 Offaly 89 Kerry 36 Leitrim 97 Wicklow 51 Sligo 133 Donegal 51 Kildare 159 Galway 52 Mayo 187 Waterford 53 Tipperary South 340 Cork 54 Meath 705 Dublin City & County
    7. 7. <ul><li>€ 5,000 from applicant, €5,000 from Enterprise Ireland </li></ul><ul><li>10 Vouchers / Week </li></ul><ul><li>(If Over Subscribed:- Random Selection Process) </li></ul><ul><li>Same Applicant Restrictions Apply </li></ul><ul><li>More information </li></ul><ul><li>Pat O’Brien </li></ul><ul><ul><li>[email_address] </li></ul></ul><ul><ul><li>01 727 2766 </li></ul></ul>Co-Funded Fast Track Voucher
    8. 8. Completing the Standard Application: Knowledge Question <ul><li>Company Profile </li></ul><ul><li>The Innovative Idea – Product / Process / Service </li></ul><ul><li>The Issue/Problem – Why Do You Need a Knowledge Provider </li></ul><ul><li>The Deliverables </li></ul><ul><li>How the Innovative Idea Helps the Company </li></ul><ul><li>Typically, Half to One Page of Text </li></ul>Fast Track Application: Deliverables Confirmed By Knowledge Provider
    9. 9. Company Satisfaction Survey <ul><li>96% found the application process straightforward or very straightforward </li></ul><ul><li>69% found their objectives were wholly or largely achieved </li></ul><ul><li>84% were satisfied or very satisfied with their partner knowledge provider </li></ul><ul><li>Company Comments: </li></ul><ul><ul><li>“ An excellent initiative, simple to access and fantastic in its ability to connect us with high quality R&D. I would not change anything.” </li></ul></ul><ul><ul><li>“ I am very pleased with the Innovation Voucher scheme and find it very helpful and quick to carry out R&D testing outside the company as it would be impossible otherwise to do internally due to a lack of resources, people, expertise and equipment.” </li></ul></ul><ul><ul><li>“ Overall it was a useful tool for us to advance early R&D testing and carry out some early 3rd level collaboration. It also provided us with some further credibility in the early days to show what type of company we were and what we were capable of using partnership approaches.” </li></ul></ul>
    10. 10. R&D Stimulation Fund <ul><li>designed to assist a company to explore suitable product or process development projects and to gather the necessary information to enable the company (and Enterprise Ireland) to come to firm conclusions about proceeding with a full R&D project. </li></ul><ul><li>R&D Stimulation - max spend €30k </li></ul><ul><li>For companies not yet ready to undertake full R&D project </li></ul><ul><li>Co need to set up a system or structure to ensure they can track & draw down expenditure </li></ul><ul><li>Excellent fund for a successful co eager to add value, to diversify </li></ul><ul><li>EI target is job creation but R&D Stimulation ensure job retention + growth </li></ul>
    11. 11. R & D Fund 40% 50% 50% Max Funding Rate 15% 15% 15% Bonus where there is collaboration between 2 or more companies 25% 35% 45% Innovative Projects that are technically challenging & involve significant risk € 450,000 Maximum Grant Grant Type of Funding Large Co. Medium Co. Small Company
    12. 12. <ul><li>All manufacturing and </li></ul><ul><li>Internationally traded services companies </li></ul><ul><li>Existing & Potential clients of: </li></ul><ul><ul><li>Enterprise Ireland </li></ul></ul><ul><ul><li>Udaras na Gaeltachta </li></ul></ul><ul><ul><li>City & County Enterprise Boards - CEBs (Small Projects only) </li></ul></ul><ul><li>More Information – </li></ul><ul><li>Maura Shields </li></ul><ul><ul><li>[email_address] </li></ul></ul><ul><ul><li>01 7272224 </li></ul></ul>R & D Fund Eligibility
    13. 13. <ul><li>Materials/Equipment – all materials and equipment associated with the R & D project </li></ul><ul><li>Salaries – Researchers, Technicians & General staff </li></ul><ul><li>Overheads - 30% of Salary expenditure </li></ul><ul><li>Building costs – only for use of R & D </li></ul><ul><li>Subcontracted Work </li></ul><ul><li>External Consultancy fees </li></ul><ul><li>Patent Costs limited to 20% </li></ul><ul><li>Technology Acquisition – limited to 50% </li></ul><ul><li>Loan of qualified personnel (SME’s Only) </li></ul>R&D Fund Eligible Costs
    14. 14. <ul><li>Designed for SMEs who have not been active in R&D </li></ul><ul><li>with Enterprise Ireland. </li></ul><ul><li>Open to CEB client companies </li></ul><ul><li>Not generally for large companies </li></ul><ul><li>Anticipated project spend must be < €150 k </li></ul><ul><li>Process </li></ul><ul><ul><li>Non-competitive </li></ul></ul><ul><ul><li>Shortened application and assessment </li></ul></ul><ul><ul><li>Approved by 3-person EI committee </li></ul></ul><ul><ul><li>Ratified by R&D fund committee </li></ul></ul>R&D Fund Small Projects
    15. 15. <ul><li>HPSU feasibility grant - 50% of eligible expenditures. To a maximum grant of €15,000. </li></ul><ul><li>Innovative HPSU Fund for companies - approx 15% of total operating costs must relate to R&D </li></ul><ul><li>Supports subject to start-up being accepted by Enterprise Ireland Start-up Team </li></ul><ul><li>HPSUs assigned a Development Advisor and possibly: </li></ul><ul><ul><li>Business Accelerator </li></ul></ul><ul><ul><li>iGAP </li></ul></ul><ul><ul><li>First Flight Programme </li></ul></ul><ul><ul><li>Excel at Export Selling </li></ul></ul><ul><ul><li>Mentor Grant </li></ul></ul>High Potential Start Ups (HPSU)
    16. 16. <ul><li>Thank You </li></ul><ul><li>Any Questions? </li></ul>