SME Instruments Information session NCP Flanders & Flanders Innovation & Entrepeneurship WELCOME YOU 11 October 2018 – VAC Gent
Programme • 14.00 SME instrument – phase 1 and phase 2 • Magali Parent, NCP advisor SME Instruments • 15.00 SME Instruments assistance in Flanders • Magali Parent, NCP advisor SME Instruments • 15.15 Coffee break • 15.35 Testimony from SME instruments beneficiaries • Filip De Mazière, Co-founder and Director (Mazaro) • Riemer Grootjans, CEO (Iristick) • 16.15 Horizon 2020 – What’s in it for SMEs? • François Stassijns, NCP advisor NMBP & Space • 16.45 Network event – Reception – Matchmaking NCP Flanders
Horizon 2020 SME Instrument Magali Parent
The SME instrument • Funding programmes mostly targeting activities too far from the market • Projects not planned for commercialisation and valorisation • Activities project rather than company oriented • Excellence in science and innovation, but what about market conditions, USP and company expertise? NCP Flanders 4
The SME Instrument Objectives Address the financing gap in developing high-potential, but high-risk innovative ideas of small companies and bringing them closer to the market *Support highly innovative SMEs showing a strong ambition to develop, grow and internationalise *Finding the small gold nugget: SME's with strong growth potential SME's with ambition to become world-market leader NCP Flanders 5
The SME instrument NCP Flanders 6
Europe 2020 priorities Horizon 2020 Shared objectives and principles European Research Area International cooperation Tackling Societal Challenges Creating Industrial Leadership and • Health, demographic change and wellbeing Competitive Frameworks • Food security, sustainable agriculture and • Leadership in enabling and industrial forestry, marine, maritime and inland water technologies research and the bio-economy • Information and communication • Secure, clean and efficient energy technologies • Smart, green and integrated transport • Nanotechnologies, advanced • Climate action, environment, resource materials, advanced manufacturing efficiency and raw materials and processing and biotechnology • Europe in a changing world - Inclusive, • Space innovative and reflective societies • Access to risk finance • Secure societies – Protecting • Innovation in SMEs freedom and security of Europe and its citizens Excellence in the Science Base • European Research Council • Future and Emerging Technologies • Marie Slodowska-Curie actions • European research infrastructures, including e-Infrastructures Dissemination and Simplified access Knowledge transfer Common rules, toolkit of funding schemes NCP Flanders 7
The SME Instrument 1 Concept 2 Innovation activities 3 Commercialisation NCP Flanders
Who ? • For SMEs (check!) that are • Disruptive: innovative service/product at TRL6 • Ambitious: growing to international scale • Capable: expertise & experience& resources • Characteristics • Market-oriented (<> H2020) • Bottom-up (<> H2020) • Single SME (no consortium) (<> H2020) NCP Flanders 9
Technology readiness level (TRL) Where a topic description refers to a TRL, the following definitions apply, unless otherwise specified: TRL 1 – basic principles observed TRL 2 – technology concept formulated TRL 3 – experimental proof of concept TRL 4 – technology validated in lab TRL 5 – technology validated in relevant environment (industrially relevant environment in the case of key enabling technologies) TRL 6 – technology demonstrated in relevant environment (industrially relevant environment in the case of key enabling technologies) TRL 7 – system prototype demonstration in operational environment TRL 8 – system complete and qualified TRL 9 – actual system proven in operational environment (competitive manufacturing in the case of key enabling technologies; or in space) NCP Flanders 10
NCP Flanders 11
SME-instrument - Phase 1 • Feasibility study • International expansion viability • Technical and commercial aspect • Characteristics • Fixed funding: 50 kEUR • Duration: 6 months • Proposal: 10 pages • Output : elaborated business innovation plan (v2.0) NCP Flanders 12
SME-instrument - Phase 2 • Actual growth project • Support the necessary innovation activities • Include demonstration, but remains pre-market • Characteristics • Funding: 70% of project budget (0,5-2,5 MEUR ) • Duration: 12-24 months • Proposal: 30 pages • Output: "investor-ready” Business plan (v3.0) • Lead to company ready to upscale/grow NCP Flanders 13
SME-instrument - Phase 3 • Coaching, training, networking • Business development /acceleration and management issues • Access to private capital • Phase 1 – 3 coaching days • Phase 2 – 12 coaching days • Characteristics • No direct funding!!! • Comes with Phase2 (or Phase1) funded project NCP Flanders 14
SME instrument phases NCP Flanders 15
How to apply • 4 cut-off dates per year NCP Flanders 16
Process in a nutshell • ! Registration of SME (PIC + self assesment) • Submission through participant portal • Evaluation • by independent experts • outcome: ranked list (+/- 4-6 weeks : letter +ESR • Phase 2 : 120 first ranked = pitch = A/B • ! 2days notice for pitch! • Funding until available budget exceeded • Grant : SME1 : max 1 m/ SME2 max 4m • Speed up? Be prepared and available= see guide • 40% pre-financing NCP Flanders 17
Evaluation NCP Flanders 18
Evaluation criteria • The same criteria as for H2020 • Impact / 5 • Excellence / 5 • Quality / 5 Threshold: > 4/5 on each AND > 13/15 = ranking list • Keep in mind • Resubmissions of proposals is allowed • Only one proposal / project in progress • You can directly submit a phase 2 proposal, but… NCP Flanders 19
Evaluation: IMPACT !! • Market opportunity • Targeted users • Market conditions • Impact on growth/ challenges • competitors • Alignment with strategy and experience • Commercialisation plan • European dimension • Knowledge protection NCP Flanders 20
Evaluation: EXCELLENCE • New market opportunity / EU challenge • Breakthrough/disruptive innovation • Added value • Comparison with existing solutions • Consistency with the expected impact • Commercial potential • Understanding of risks and opportunities NCP Flanders 21
Evaluation: IMPLEMENTATION • Resources • Partners and stakeholders • Time frame • Experience of the team • workplan NCP Flanders 22
Phase 2 Evaluation Same approach as Phase 1 - More detailed, better substantiated and with a detailed work programme for the development project The feasibility done in Phase 1 should have helped ! Market potential and economic impact The company and the idea have to Market be here! opportunity Incl. Solution is detailed Company's work feasible and programme potential to better than achieve proposed existing ones results Excellence in Company's innovation growth potential Additional requirement for EU funding EU added value to be demonstrated by the applicant NCP Flanders
What changed in 2018? • SMEi part of EIC (European Innovation Council) • No topics = keywords ! • Phase 2 = 13/15 • Phase 2 = pitches • New template NCP Flanders 24
Why participate • Rank among the best European SMEs "Champions league" for ambitious SMEs • Visibility at a European and global level • Business/management coaching • Networking opportunities with investors and customer networks • Support for follow up financing (eg EU Financial Instruments) NCP Flanders 25
Pro’s and con’s -High funding amount/percentage -Extreme high selectivity - Success rates < 10% -Comes after main innovation phase - E.g. logical follow-up of VLAIO-trajectory… VLAIO = FLANDERS INNOVATION & ENTREPRENEURSHIP NCP Flanders 26
They did it ! Phase 1 ACT&SORB MAGNAX AGRO-KNOW MAZARO NV ARATANA THERAPEUTICS NV MULTIPLICOM NV Allero Therapeutics BVBA NOVOSANIS NV BEKINA BOOTS NV ORGANIC WASTE SYSTEMS NV Bloom Technologies NV OTOCONSULT NV CAMING SOLUTIONS POM CITIZENLAB POZYX LABS FALEX TRIBOLOGY NV PRIDIKTIV FEOPS NV UGENTEC NV FORMAC PHARMACEUTICALS NV VANDENBORRE ENERGY SYSTEMS NV HYDROGENICS EUROPE NV VINCENZO TARASCO INTEGRATE NV VOXDALE BVBA intigriti NV WONDERMEDIA PRODUCTIONS KNOWLIAH NV NCP Flanders 27
They did it ! Phase 2 AVIA-GIS NV Appiness Bloom Technologies NV DRONEGRID Indigo Diabetes nv Iristick NV MAZARO NV SPACE APPLICATIONS SERVICES NV VETEX NV NCP Flanders 28
EIC pilot: SME Instrument
EIC Pilot – a comprehensive scheme € 1.4 billion in funding over the period 2018-2020 Soft Blending SME-Instrument SME-Instrument Phase-2 FTI Phase-1 FET OPEN Fast Track to Up to €2.5M €50k Future Emerging Innovation Technologies Test & Feasibility Development Scale-up Innovative Co-create Start-up Investment Idea
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