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Identifying Funding

Identifying Funding. Sources of Funding. European Union Sources National Sources. EU Sources. Seventh Framework Programme. Overview of the FP7 Whats going on in Ireland FP7 case study – wavebob. What’s going on in Ireland? FP7…. 4070 applicants to date

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Identifying Funding

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  1. Identifying Funding

  2. Sources of Funding European Union Sources National Sources SMEs collaborating with HEIs

  3. EU Sources SMEs collaborating with HEIs

  4. Seventh Framework Programme • Overview of the FP7 • Whats going on in Ireland • FP7 case study – wavebob SMEs collaborating with HEIs

  5. What’s going on in Ireland? FP7… • 4070 applicants to date • 955 successful bringing in over €300 million • ICT, health, nanotech and Marie Curie account for 60% of it • Higher education remains the primary beneficiary (61%) with 4 universities in EC Top 250: TCD 83, UCC 100, UCD 131, NUIG 186 • Funding to industry - €75 million (double FP6) and providing access to >€1bn worth of R&D; most going to SMEs (74%) • Funding to public bodies - €18 million

  6. Ireland versus other Member States… *Source: European Commission eCORDA release 7

  7. Key learning - responding to change… • 43 participants receive over €1M for participation in a single proposal, totalling €72M • 2010 is Ireland’s most successful year in the ERC programme. Ireland’s grants to date: 4 Advanced Grants and 8 Starting Grants • Ireland trebles its SME-specific funding in 2010. An Institute of Technology Initiative stimulates 15 Irish led proposals from newcomers to the SME-specific programme calls bringing funding of €2.5million to IoTs and SMEs • Ireland secures 5.7% (€2.4M) of the available budget in the latest Science in Society call. Proposals include marine issues in Mobilisation and Mutual Learning • 1342 Irish experts sign on to the Commission Evaluators database

  8. FP7 Case Sudy “STANDPOINT” WAVE ENERGY PROJECT

  9. STANDPOINT Project • European Commission FP7 funded project • Full-size grid-connected WEC in Portugal • Kick-off November 2009 • €8.1 budget, €5.1m EC contribution • Focussed on demonstration of best practice in design, deployment, operation and maintenance

  10. Wavebob: the Coordinator • Privately owned Irish technology development company • 10 years of research, testing and sea trials • All IP owned by company and protected in 45 countries

  11. Wavebob product development Build a little; Test a little; Learn a lot! Calculate; Design; Simulate; Test; Verify;… Fail early; fail often; learn quickly..

  12. Wavebob: the WEC • Offshore deep water • Axi-symmetric point-absorber • Oscillating, self-reacting • Tuneable • Accessible • 25+ years lifetime • Survivability • High installed power

  13. STANDPOINT Objectives Demonstrating advancement of the state-of-the-art in: • Efficiency in energy absorption and conversion • Adaptability to changing sea conditions • Reliability and modularity • Survivability in extreme seas • Standards and guidelines for certification

  14. Commercial array System complete Sea going full system operations Sea going full system demonstration Sea going sub-system validation Laboratory sub-system validation Proof of concept validated Technology concept formulated Basic Principles observed & reported

  15. €50,000,000 €15,000,000 €15,000,000 €5,000,000 €5,000,000 €1,000,000 €500,000 €50,000

  16. €50,000,000 €15,000,000 €15,000,000 To date Wavebob has raised circa. €13m (inc. ~€5.5m in grants) Now need the next €15m…

  17. Local Sources of Funding - NI • Invest NI • Knowledge Transfer Programme • Innovation Vouchers • Intertrade Ireland SMEs collaborating with HEIs

  18. Invest NI support for Innovation Collaboration •Technical Advisory Unit (TAU) - Who & How •Technical Development Incentive (TDI) Scheme •Innovation Vouchers •Summary/contact SMEs collaborating with HEIs

  19. TAU - Who are they? •Engineers (mechanical; electrical/electronic; manufacturing) •Scientific Advisors •Management System (eg. ISO9001) advisors •Intellectual Property/ Technical Information specialists SMEs collaborating with HEIs

  20. TAU - What do they do? • Guidance & support on a wide range of technical issues: •Technical information and problem solving •Advice and information on technical and legislative issues •Intellectual Property advice •Management Systems (quality, environmental, safety etc) •Technical Compliance Issues eg CE Marking • Financial support: •Technical Development Incentive (TDI) Scheme •Innovation Vouchers SMEs collaborating with HEIs

  21. Technical Development Incentive • Financial support to SMEs to address technical and quality • related issues such as: •New technologies or processes •Product & process problem resolution •Product approval/ type testing •Intellectual Property •Improved product design & performance •Quality/Integrated management systems •Max grant of £5,000 (at up to 50% of project costs) •Projects costing between £500 and £15,000 • Further information – Kieran McGuinness 028 9069 8818 SMEs collaborating with HEIs

  22. Innovation Vouchers •£4000 voucher to encourage small registered enterprises to engage with a Knowledge Provider to develop an innovative solution to a business issue •Companies can apply for up to 3 vouchers for different projects but may only have 1 ‘live’ voucher at a time •Pooled voucher option for collaborative projects (up to 10 companies) •Around 700 vouchers issued to date SMEs collaborating with HEIs

  23. Knowledge Providers •41 public sector Knowledge Providers throughout Northern Ireland and the Republic of Ireland •Universities, Colleges, Institutes of Technology and other research bodies eg Loughry, Agri-Food & Biosciences Institute •Full list of Knowledge Providers and initial point of contact for innovation vouchers at www.innovationvouchers.com •The company chooses which Knowledge Provider to use SMEs collaborating with HEIs

  24. How to apply • Company completes application form – available on website • www.innovationvouchers.com •Straightforward application process - Company Profile - Issue to be solved - Skills required to solve the issue - Outputs for the company as a result of the project •Current/next calls for applications: - November 2011 and February 2012 SMEs collaborating with HEIs

  25. In Summary • Technical Advisory Unit •Technical information and problem solving •Management systems (quality, environmental, H&S) •Intellectual Property •Technical Development Incentive grant •Innovation Vouchers www.innovationvouchers.com • Contact: Ian Wilkinson tel. 028 9069 8802 • Email: tau@investni.com • Grant for R&D and general Invest NI info • Contact: 0800 1814422 SMEs collaborating with HEIs

  26. Knowledge Transfer Partnerships (KTP) Knowledge Transfer Partnerships is Europe’s leading programme helping businesses to improve their competitiveness and productivity through the better use of knowledge, technology and skills that reside within the UK knowledge base. SMEs collaborating with HEIs

  27. •What is KTP? • •How does it work? • •Aims and objectives? • •KTP at Ulster • •Case studies SMEs collaborating with HEIs

  28. Funded by the Technology Strategy Board with 19 other funding organisations (AHRC, BBSRC, Defra, DoH, EMDA, EPSRC, ESF, ESRC, Invest NI, NERC, The Northern Way, One North East, Science & Technology Facilities Council, SEEDA, Scottish Government, SWRDA, WAG) • •£32M grants committed; each £1M generating • –32 jobs • –189 people trained • –£3.6M profits • •1,000 live Partnerships (65 in NI) • •Invest NI contribution 2008/09 = £1,000,000 SMEs collaborating with HEIs

  29. SMEs collaborating with HEIs

  30. Features • Project length 12-36 months • At least 1 Graduate (KTP Associate) • Associates recruited jointly and employed by the University • Project located on company premises with joint company and academic supervisor • Academic Supervisor spends ~ ½ day per week on the project • Funded by Government grant and the company partner SMEs collaborating with HEIs

  31. Project Criteria • Strategic relevance to the business • Stimulating and challenging for the academic team • Intellectually challenging for the Associate • Sound business case • Clear knowledge transfer • Clear additionality • Benefits likely to accrue SMEs collaborating with HEIs

  32. KTP Costs - 1 Associate for 1 Year + Graduate salary available (company decides) £27k + Associate Development circa £6k + Travel and Subsistence + Equipment and Consumables + University Expertise circa £10k Total package circa £43k • Cost to SME per year ~£17k • Cost to Large Company ~£26k SMEs collaborating with HEIs

  33. Company Benefits • Achieves business goals faster • Transfer of knowledge/expertise • Recruitment of the “right” people • Embedding of innovation culture • Long-term, strategic relationship with KB partner SMEs collaborating with HEIs

  34. Associate Benefits • One of Europe’s largest graduate recruitment schemes • Competitive salary • Employment within chosen academic discipline • Fast-track career development • Opportunity to register for higher degree during project • 73% Associates employed by host company • Training and development with qualification in Management to National Standard SMEs collaborating with HEIs

  35. The Associates • Recently qualified • First degree ~76% hold 1st or 2(i) • All disciplines • Average age 28 years • Recruit on open market • Normally work at the company • Salary decided by the company • Terms and conditions of the company • Backed up by the facilities and expertise of the University SMEs collaborating with HEIs

  36. SMEs collaborating with HEIs

  37. SMEs collaborating with HEIs

  38. The Process • Contact the Knowledge Transfer Office – marriage broker Process • Company visit – check eligibility • Complete an outline form (2 pages and includes company accounts) • Support to facilitate completion of the full proposal • KTO – liaises with the KTP Adviser and various sponsors • KTO – leads the recruitment process • KTO – sets up and attends all LMC meetings • KTO – ensures all reports are submitted and on time! • KTO – provides all financial management and reporting SMEs collaborating with HEIs

  39. Intertrade Ireland Fusion FUSION, support packages worth up to £29,500/€33,150 are available for you to undertake a 12 month innovation project.Partnered with a third-level institution with the specialist expertise you need and a high calibre science, engineering or technology graduate.A graduate is employed by you and is based in your company throughout the project with mentoring from the academic partner and InterTradeIreland FUSION consultant. SMEs collaborating with HEIs

  40. Fusion Video • http://www.youtube.com/watch?v=ITG2-Lg1szI&feature=player_embedded SMEs collaborating with HEIs

  41. Fusion Benefits • On average, each company taking part on the FUSION programme benefits from over £1 million worth of sales or efficiency savings in the three years following the project.The programme can help your business to: • Develop or improve products, processes or services • Streamline business processes to increase efficiency and performance • Develop and implement new technologies, systems or processes • Improve capabilities in innovation, design and technology • Reduce costs • Increase sales SMEs collaborating with HEIs

  42. Questions & Answers? SMEs collaborating with HEIs

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