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GENERAL SECRETARIAT FOR RESERCH AND TECHNOLOGY CREATION OF SPIN-OFF COMPANIES PROGRAM “PRAXE”

GENERAL SECRETARIAT FOR RESERCH AND TECHNOLOGY CREATION OF SPIN-OFF COMPANIES PROGRAM “PRAXE”. VASSILIS KALERIDIS DIRECTORATE OF TECHNOLOGICAL DEVELOPMENT DEPARTMENT OF TECHNOLOGICAL INFORMATION, TRAINING AND CULTURE. SPIN-OFF COMPANY DEFINITION.

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GENERAL SECRETARIAT FOR RESERCH AND TECHNOLOGY CREATION OF SPIN-OFF COMPANIES PROGRAM “PRAXE”

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  1. GENERAL SECRETARIATFOR RESERCH AND TECHNOLOGYCREATION OF SPIN-OFF COMPANIES PROGRAM “PRAXE” VASSILIS KALERIDIS DIRECTORATE OF TECHNOLOGICAL DEVELOPMENT DEPARTMENT OF TECHNOLOGICAL INFORMATION, TRAINING AND CULTURE

  2. SPIN-OFF COMPANY DEFINITION • ΟECD DEFINITION : “…any new firm which includes a public sector or university employee as a founder…” • GREEK INTERPRETATION: 1.RESEARCHERS FROM GREECE OR ABROAD WHO HAVE THE KNOW-HOW FOR THE CREATION OF NEW PRODUCTS AND SERVICES BASED ON SCIENTIFIC RESULTS 2.PUBLIC INTITUTIONS PROMOTING KNOWLEDGE (universities, technological institutions, research institutions)

  3. PROGRAMME:PRAXE • SUPPORT OF RESEARCH UNITS FOR STANDARDISATION AND COMMERCIAL EXPLOITATION OF RESEARCH RESULTS. • TWO PHASES ARE INCLUDED: • PHASE Α’ : INVESTMENT PREPARATION ACTIVITIES • PHASE Β’ : INVESTMENT INITIATION ACTIVITIES

  4. LEGAL FRAMEWORK • PRESIDENTIAL DEGREE 17/2001 and LAW 2919/01 • PHASE A’FOLLOWS DE MINIMIS RULE. • PHASE Β’FOLLOWS STATE AID N.412/2002 APPROVED BY THE EUROPEAN COMMITTEE (SG(2002) D/232893).

  5. STATUS • THE RESEARCH RESULTS CANNOT BE TRANSFORMED IN INNOVATIVE PRODUCTS OR SERVICES REASONS: • NO LEGAL FRAMEWORK • LACK OF ENTERPENEURIAL MENTALITY AMONG GREEK RESEARCHERS • ΕXTREMELY HESITANTFINANCIAL MARKET INCLUDING VENTURE CAPITALS

  6. PUBLIC EXPENDITURE BUDGET • PHASE A’ : 9.000.000 € (100% public expenditure) • PHASE Β’ : 30.580.000€ • 10.580.000€ (1st round) [expired 31/12/2004] • 20.000.000€ (2nd round) SCHEDULE FOR PHASE B’ NEXT ROUND • BASIC INFORMATION ON GSRT SITE SINCE APRIL 2005 • CALL FOR PROPOSALS - BY THE END OF JUNE 2005 • EXPIRY OF THE CALL - 20/9/2005 • EVALUATION -ΟCTOBER 2005 • CONTRACTS – ΝΟVEMBER 2005 • 1ST INSTALMENT - DECEMBER 2005

  7. TOTAL BUDGET • 70.160.000 € PUBLIC & PRIVATE EXPENDITURE • PUBLIC EXPENDITURE 39.580.000 € • PRIVATE EXPENDITURE > 30.580.000 € • 70 % OF THE PUBLIC EXPENDITURE FINANCED BY EUROPEAN FUND FOR REGIONAL DEVELOPMENT (E.F.R.D.)

  8. PHASE Α’ SEED CAPITAL (FEASIBILITY OF A SPIN-OFF COMPANY CREATION) UP TO44.000€ DURATION: UP TO 18 MONTHS PHASE Β’ INVESTMENT INITIATION (ESTABLISHMENT OF A SPIN-OFF COMPANY) UP TO 1.000.000 € PUBLIC SUBSIDY WITH - AT LEAST - EQUAL PRIVATE PARTICIPATION DURATION: UP TO 36 MONTHS PROGRAM DETAILS

  9. MAIN ACTIVITIES OF PHASE A’ • BUSINESS PLAN CREATION • INTELLECTUAL RIGHTS FORTIFICATION • PROMOTION OF THE RESEARCH RESULT (PARTICIPATION AT EXCIBITIONS, PUBLICITY ACTIVITIES ETC) • PERFECTION OF PRODUCTS OR SERVICES • AESTHETIC AND INDUSTRIAL DESIGN OF PRODUCTS AND SERVICES • SEARCH FOR FINANCIAL CONTRIBUTORS AND INVESTORS

  10. MAIN ACTIVITIES OF PHASE B’ FINANCES THE ESTABLISHMENT OF THE SPIN-OFF COMPANY FOR THE FIRST 3 YEARS OF THEIR DEVELOPMENT: • EXPENDITURE FOR EQUIPMENT AND OFFICES • CONSULTANCY SERVICES (ONLY FOR SMEs SPIN OFFS) • AND NECESSARY OPERATING COSTS (ONLY FOR SMEs SPIN OFFS )

  11. PHASE Α’ : 210 PROJECTS PHASE Β’ : >30 SPIN-OFF COMPANIES 226 HAVE BEEN FINANCED BY THE END OF THE 1st ROUND 16 HAVE BEEN APPROVED 8 HAVE BEEN FINANCED TARGETS & RESULTS

  12. PHASE A’ACCEPTED PROJECTS PER SCIENTIFIC SUBJECT • INFORMATICS35 • MECHANICS33 • MEDICINE / BIOLOGY 29 • PHARMACOLOGY 25 • MATERIALS 19 • ENVIRONMENT 15 • FOOD / AGRICULTURE 14 • BIOMEDICAL / BIOMECHANICAL ENGINEERING 12 • MICRO / NANO TECHNOLOGY 11

  13. PRAXE A’ACCEPTED PROJECTS PER GEOGRAPHICAL DISTRICT • ATTICA 118 • CRETE 34 • WESTERN GREECE 28 • CENTRAL MACEDONIA 23 • THESSALY 6 • EPIRUS 5 • PELOPONNESE 4 • THRACE 4 • CENTRAL GREECE 2

  14. PHASE B’ACCEPTED PROJECTS PER SCIENTIFIC SUBJECT • INFORMATICS6 • ΕNERGY 3 • BIOMEDICAL TECHNOLOGY 2 • MEDICINE 2 • LASER 2 • AGRICULTURAL TECHNOLOGY 1

  15. PRAXE B’ACCEPTED PROJECTS PER GEOGRAPHICAL DISTRICT • ATTICA 12 • CENTRAL MACEDONIA 3 • EPIRUS 1

  16. TWO PHASE LINKAGE • UP TO THE END OF THE 1ST ROUND 9 BETWEEN 16 APPROVED SPIN-OFF COMPANIES STEM FROM PHASE A’ • SEVERAL SPIN-OFF COMPANIES ALREADY EXIST WITHOUT PARTICIPATING IN PHASE B’ • SIGNIFICANT INTEREST ABOUT THE 2ND ROUND OF PHASE B’

  17. COMPARISON TO SIMILAR PROGRAMSIN E.U. • DOMINANT FEATURE : SPIN-OFF COMPANIES BY UNIVERSITIES • 308 SIMILAR PROGRAMS AROUND E.U. • «SWEDISH MODEL» : PLANNING AND IMPLENTATION OF SPIN-OFF COMPANIES BY PREFECTURES OR EVEN BY MUNICIPALITIES! • ΕMPHASIS TO“NETWORKING”, MENTORINGAND SPECIAL MANAGEMENT TRAINING TO RESEARCHERS AND GRADUATES

  18. GSRT OBJECTIVES BY IMPLEMENTING PRAXE • BUSINESS PLANS PROJECTS FOR POSSIBLE SPIN-OFF COMPANIES BY RESEARCHERS AND RESEARCH INSTITUTES • JOB CREATION FOR HIGH-LEVEL SCIENTIFIC PERSONNEL • RESULTS – DRIVEN ORIENTATION • OVERALL IMPACT OF THE PROGRAM • COOPERATION OF STAKEHOLDERS OF THE GREEK INNOVATION SYSTEM

  19. GSRT OBJECTIVES BY IMPLEMENTING PHASE B’ (2ND ROUND) • INNOVATIVE IDEAS WITH ADDED VALUE • INTELLECTUAL RIGHTS AND EXPLOITATION RIGHTS OF THE RESEARCHERS • COMPLETE AND REALISTIC BUSINESS PLANS • EFFICIENT SCIENTIFIC AND MANAGERIAL STAFF • VIABLE KNOWLEDGE INTENSIVE SMEs AFTER THE EXPIRY OF THE PROGRAM

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