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How to succesfully obtain a Valorisation Grant

How to succesfully obtain a Valorisation Grant. October 11 th , 2012 Stefan Jongerius Wouter Segeth. Mission STW. Enabling knowledge transfer between technology driven sciences and its potential users. Est. 1981. 1 . By financing excellent applied scientific research

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How to succesfully obtain a Valorisation Grant

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  1. How tosuccesfullyobtain aValorisation Grant October 11th, 2012 Stefan Jongerius Wouter Segeth

  2. Mission STW Enablingknowledge transfer betweentechnologydrivensciencesanditspotential users Est. 1981 1. Byfinancing excellent appliedscientific research 2. By uniting scientists and potential users in research Imgsrc: www.technologie.at

  3. Current relations • 500projectleaders • 750 researchers • 600 companies in user committees • 2500 actual user relations • 50 fte STW office employees

  4. Universitiesinvolved Participationknowledge-institutions in STW-programs (OTP, Perspectief & Vernieuwingsimpuls) based on running projects in 2009

  5. Topsectors Percentage relevance topsectors based on STW projects

  6. STW network Bubblechart STW network; sizeindicatesnumber of proposals; relativedistanceindicatescollaboration

  7. STW budgets € 74,7M Partnership & Valorisation Grant 9,5M Co-finance & transfer fees 23,0M Perspectief EL&I 10,5M NWO other Vernieuwingsimpuls 31,7M NWO, OCW basic funding Open Technology Program • income • expenses • Yr. 2011

  8. STW Instruments • Perspectief • Technology drivennetworks • ≥ 3 universities • Size: 2 - 7,5 M€ per programme • Vernieuwingsimpuls (NWO) • Individual research grants • Size ≤ 1,5 M€ per proposal • Open Technology Programme • Technology drivenresearch projects • Size: ≤ 750 k€ per project • In-cash and/or in-kind contributions from users • Valorisation Instruments • Valorisation Grant • Demonstrator • Stimulationcommercialisation of research results • Partnerships • Demand-drivenprogrammes • 50% in-cash contributions from industry • Size: ≤ 3 M€ per partnership

  9. Technology transfer Financingvalorisation • Fundamental Research • Applied Research • Transition • Market entry • Market expansion • Government • OTP • ValorisationGrant • Fundingintensity • Banks • Demonstrator • Fundinggap • Industry • Industry • Venture Capital • Perspectief • Partnership • Angel Investors

  10. STW valorisation Proof-of-Principle Proof-of-Concept Pre-series Product Prototype Public Private Sales Result Active user Knowledge transfer Industry & SME Research OTPPerspectief HBO RAAK Promisingresult Demonstrator Industry & SME Active entrepreneur Valorisation Grant Start-Up & SME

  11. Valorisation Grant New technologyleadingtonew business from public to private

  12. STW Valorisation Grant Started in 2004. This program closely resembles the American Small Business Innovation Research program (SBIR). The main objectives of the Valorisation Grant are: To transfer university knowledge into business • to existing SME companies • to new companies To strengthen the innovation power of SME • high-tech innovations

  13. Public • Private Valorisation Grant Phase 1: Feasibility study • to show technical feasibility • to show economical / commercial feasibility • maximum: 25.000 euro Phase 2: Valorisation phase • proof of concept • to raise venture capital • to serve first customers • maximum: 200.000 euro Phase 3: Commercial phase • fully commercial operating company • privately funded, no public funding

  14. Valorisation Grant Who can apply? Only university employees can apply However… The applicant can use the grant to start-up a company or to cooperate with an existing SME The advantage Stimulates university employees to start business activities Universities becomes much more involved in innovative SME activities

  15. FactsValorisation Grant • Yearly budget: 3-4 million euro • 2 calls a year • Open call, no themes. • One big competition. Every applicant gets interviewed by a experienced panel of entrepreneurs, private bankers and scientists • STW is willing to transfer or license IP to company for market price

  16. FactsValorisation Grant

  17. Impact Valorisation Grant

  18. Valorisation Grant start-ups

  19. Findings so far • The motivation at the university to develop your own business is high. • The entrepreneurial skills at the universities can be improved. • The incubator facilities at the universities make Valorisation Grant projects more successful • Low-entrance private seed capital makes the continuation into phase 3 relatively easy.

  20. How towrite a VG phase 1 application Content 1. Contact details 2. Business idea 2.1 The problem 2.2 The proposed solution 2.3 Innovativeaspects 2.4 Commercial aspects 2.5 The IP position 3. Project plan 3.1 The aim of the project 3.2 Description of work 3.3 Milestones, time scheduleandcostindications 3.4 The project team 4. Budget plan • Evaluation criteria: • Technologicalinnovation (1x) • Market potential (1x) • Project plan (1x) • The team (1x)

  21. How towrite a VG phase 2 application Content 1. Contact details 2. Business development plan 2.1 The business idea 2.2 The product development plan 2.3 Market andcompetition 2.4 Business organisation 2.5 IP positionandstrategy 3. Project plan 3.1 The aim of the project 3.2 Description of work 3.3 Milestonesand time scheduleandcostindications 3.4 The project team 4. Budget plan • Evaluation criteria: • Technologicalinnovation (1x) • Market potential (1x) • Project plan (2x) • The team (2x)

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