EIC Accelerator Pilot \ SME INSTRUMENT in Horizon2020
Israel Innovation Authority T he country’s public entity which supports and funds local innovation, industrial research & development. (former name: “ O ffice of the C hief S cientist”) ISERD – Israel-Europe R&D Directorate: “Your Israeli gateway to cooperation in research and innovation with Europe” ISERD is the NCP for H2020 in Israel , and aims at maximizing the Israeli participation in the FPs
EIC Accelerator Pilot SME * INSTRUMENT (In Horizon 2020) *SME = Small to Medium Size Enterprise: 1. less than 250 employees, 2. less than 50 million Euros in annual turnover or less than 43 million Euros of balance sheet (Established in the EU or in an Associated Country)
Overview • What is the EIC Accelerator\SME Instrument? 1 • Statistics – general 2 • Statistics – Israel 3 • How can ISERD assist? 4 • Where to find additional info and whom to ask? 5
What is the SME Instrument? Building on the existing mechanism: ‘Smart money ’, soft blending tool Accelerator De-risking
EIC Accelerator Pilot Towards the next ‘ HorizonEurope ’ : Based on SME Instrument Phase-2: Will be operational from the last cut-off of this year (October 2019) Taken from EC site: https://ec.europa.eu/research/eic/pdf /ec_eic_factsheet_032019.pdf
Examples for Business Acceleration Services: ‘Corporate Days’ ‘Trade Fairs’ Read more...
Examples for Business Acceleration Services: ‘Overseas Trade Fairs’ Read more...
Phase 1: what is the money for? How much? 50,000 € How long? ~ 6 months project What for? Scientific or technical feasibility ; exploring the commercial potential of a ground-breaking innovative idea, developing it into a credible business plan for scaling it up. Business idea conception and planning. Advisable: mention status of development
Phase 1: what is the money for? Continued Eligible activities : risk assessment, market research, user involvement, analysis of regulatory constraints or standards regimes, IPR management, partner search, any design or market studies, innovation strategy development, feasibility of concept, etc. (All topics that are necessary to asses quality and potential of the innovation idea ) Goal : formulate a solid high-potential innovation project (with a European\global growth strategy); the proposal must be based on an initial business plan and outline the specifications of a more elaborate one, which will be the outcome of the project
Taken from the PP Online Manual
Phase 2: what is the money for? ( grant component only till June 2019): How much? 0.5-2.5 M € How long? ~2 years project (70% funding rate) What for? Developing a business concept into a market-ready product, service or process, aligned with the company’s growth strategy. Business plan execution, demonstration, commercialization.
Phase 2: what is the money for? Continued Eligible activities : trials, prototyping, validation, large-scale product validation, demonstration, testing in real-world conditions, market replication, miniaturization, scaling-up, performance verification, developing pilot lines, development, different R&D activities, clinical trials, piloting, testing, design etc. (Focusing on innovation activities, the implementation of an innovation idea ) Goal : To find the next UNICORN; commercialization; maturity for market take up
Who should apply? Main aim: foster innovative SMEs’ growth Cross the demonstration-phase “valley of death” ; Close the gap between seed and early-VC-funding
Taken from “EIC” presentation of Startup Europe, 2017 Explain market- creation in innovative usage! Usually fits deep tech Taken from a presentation of the EC, about the EIC pilot, Access4SMEs EIC workshop Feb. 2018
What are disruptive and breakthrough innovations? A breakthrough innovation leads to entirely new products , services or processes or to substantial improvements in the quality of existing ones . An example would be doubling the energy density in a battery for an electric car . This opens up whole new business models and market opportunities . Compared to incremental innovation , breakthrough innovations tend to come from new entrants, often start-ups without existing assets or cash flows. They tend to entail higher risks, in terms of technology, market and regulation. A disruptive innovation is one that threatens to make an existing solution or industry obsolete. Classic examples include the smart phone and on-line music and video streaming services. Disruptive innovations create … in some cases even new markets. Taken from EU’s communication “ A renewed European Agenda for Research and Innovation - Europe's chance to shape its future ”, May 2018
Taken from EC site: Taken from a presentation of the EC, about the EIC pilot, Access4SMEs EIC https://ec.europa.eu/research/eic/pdf workshop Feb. 2018 /ec_eic_factsheet_032019.pdf
How are the winners chosen? Building on the existing mechanism; for grant-component-only till June 2019: Innovation (and technology) Business, benefits Execution IMPACT is the most significant part in the evaluation (50% of the final grade, while the two other criteria are 25% each) The grade for each criterion is from 0 to 5 And then… interview in Brussels!
EIC Accelerator Pilot evaluation Towards the next ‘ HorizonEurope ’ : Will be operational for the last cut-off of this year (October 2019) Taken from EC site: https://ec.europa.eu/research/eic/pdf /ec_eic_factsheet_032019.pdf
Technology Readiness Level TRL1: Basic principles observed TRL2: Technology concept formulated TRL3: Experimental proof of concept TRL4: Technology validated in lab TRL5: Technology validated in relevant environment (industrially relevant environment in the case of key enabling technologies) TRL6: Technology demonstrated in relevant environment (industrially relevant environment in the case of key enabling technologies) TRL7: System prototype demonstration in operational environment TRL8: System complete and qualified TRL9: Actual system proven in operational environment (competitive manufacturing in the case of key enabling technologies, or in space)
2018-10-17_EU_IPR_Helpdesk_IP in EU-funded projects MD
SME definition – it is not that obvious! Staff headcount Either turnover or balance sheet total Is the enterprise autonomous , partner or linked ? Shareholders can be foreign but economic activity should be in Israel (and Europe)! More info: Link to the SME definition, self-assessment and guide GROW-SME-DEFINITION@ec.europa.eu
Winners’ checklist: Read more...
Highlights Usually only one participant (not a consortium) Fully bottom-up ; classification by keywords “ Phases ” are not interdependent but different tracks Europe is looking for Unicorns Evaluation process done “through an investor’s eyes” No dilution ; 70% funding + 25% overhead
How is the funding of the project calculated? 70% funding of the project 25% overhead (= indirect costs ) calculated automatically from direct costs and other direct costs Example: Direct costs (personnel, travel, equipment) = 100 Euros Subcontracting = 50 Euros Overhead (=Indirect costs) calculated from the direct costs of 100 Euros: 25 Euros Overall budget of the project: 175 Euros EU contribution of 70%: 122.5 Euros (70% of 175)
A few more highlights Application size is 10 pages for Phase1 and 30 for Phase2 Phase2 includes a face-to-face interview Coaching for free (Ph1: 3 days, Ph2: 12 days) Threshold to be considered for funding is 13 – “Seal of Excellence” (but actual funding requires a much higher grade)
Deadlines Phase 1 Phase 2 Interviews 2019 • Interview week for 1 st cut-off: • 08 February 2018 • 10 January 2018 February 11-15 • 03 May 2018 • 14 March 2018 • Interview week for 2 nd cut-off: • 05 September 2018 • 23 May 2018 May 13-17 • 07 November 2018- • 10 October 2018 • Interview week for 3 rd cut-off: ------------------------ ------------------------- July 8-12 • 13 February 2019 • 09 January 2019 • Interview week for 4 th cut-off: • 07 May 2019 • 03 April 2019 November 11-15 • 05 September 2019 • 05 June 2019 ----------------------- • 09 October 2019 (Blended Finance!) ------------------------- • 08 January 2020 • 18 March 2020 • 19 May 2020 • 07 October 2020
Budget of the program € millions Budget of the SME Instrument 2018 2019 2020 Overall indicative budget 479.74 552.26 600.99 Phase 1 10% 10% 10% divided equally between cut-offs in each year Phase 2 87% 87% 87% divided equally between cut-offs in each year Per cut-off: ~ 250 Phase1 winners ~ 50 – 70 Phase2 winners
General statistics Read more...
General statistics 57% are micro companies with less than 10 employees 20% of funded companies are pre-revenue Majority of winners (33%) are in project-to-project phase Read more...
Israel statistics Read more...
Israel statistics 2014-2018 Phase 1 Israeli winning companies ( 171 ) Year Number of Israeli winners 2014 11 20 2015 2016 24 2017 40 2018 75 Phase 2 Israeli winning companies ( 46 ) Year Number of Israeli winners 2014 5 2015 6 2016 5 2017 13 2018 17
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