innovation voucher initiative innovation partnership programme funds & expertise for r&d...
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INNOVATIONVOUCHERINITIATIVE
INNOVATIONPARTNERSHIPPROGRAMME
Funds & Expertise for R&D
IRDG Event - Galway
21 September 2012
Declan McGee
Innovation Vouchers Initiative
• Builds Links between Small Businesses and Knowledge Providers
• The €5,000 Innovation Voucher can be exchanged for Advice and Expertise from the Knowledge Providers
• Typical uses include:New Product Design / Development New or Improved Production Process New Business Model Development New Service Delivery / Customer interface
Company Eligibility
• All Small Enterprise(Less than 50 Employees, Turnover/Balance Sheet < €10m)
• Restricted to Registered Limited Companies
• Two 100% Funded Vouchers per Company
• One 50-50 Co-Funded Voucher per Company
Company Eligibility
• All Small Enterprise(Less than 50 Employees, Turnover/Balance Sheet < €10m)
• Restricted to Registered Limited Companies
• Two 100% Funded Vouchers per Company
• One 50-50 Co-Funded Voucher per Company
(3 calls per year – current call closes on 30th September)
(applications accepted anytime)
County Total 2012 2011 2010 2009 2008 2007
Galway 247 37 53 57 43 26 31
Leitrim 49 9 4 12 8 11 5
Mayo 79 8 19 19 15 6 12
Roscommon 50 8 15 10 3 8 6
Sligo 74 4 19 17 15 10 9
2012 Statistics• 450 vouchers awarded• 346 redeemed
More information
• Michael Dolan ([email protected])
• Mary Cahill ([email protected])
www.innovationvouchers.ie
PROGRAMME OVERVIEW
PROGRAMMEPERFORMANCE
WHO?WHO USES THE PROGRAMME?
The Innovation Partnership Programme supports the company through funding towards the cost of accessing top Irish Academic Institutes to do R&D work relevant to the company.
A company has identified a commercial opportunity for an innovative product, process or service that they need to develop.
Who uses this Programme?
That company does not have the relevant resources in terms of skills, experience, headcount or revenue to manage the R&D work alone.
GAP
A Company based in Ireland . . .
…. that has challenges to meet, problems to solve or is targeting new or improved products, processes, services, knowledge or know-how…
…can access expertise from research teams in institutes across Ireland…
Programme Overview
Open to all agency affiliated Irish-based Companies
Develop new, novel or innovative products, processes & services
50+ proposals funded last year
Average project value is €130K rising to €250K and higher
Enterprise Ireland can provide up to 80% of the cost of the research
Innovation Partnership Programme Evaluation
71% of participant companies surveyed said that their objectives were largely or fully achieved
2/3 of clients transformed their marketing plans after completing their projects
96% of respondents would be willing to recommend the Programme to other businesses
Each €1 of funding invested by EI delivered
€7.71 Net Turnover Impact at company side *
*External Impact Evaluation (2011)
*Independent Evaluation by Frontline Consultants (UK)
IndustrialCollaborative
ExperimentalCollaborative
Every company partner will be expected to pay 20% of the project costs in cash
80%80%
60%
75%75%
50%
Type of Research SmallCompany
MediumCompany
LargeCompany
65%65%
40%
Small 1–50employees
Annual Turnoverand/or Balance Sheet
Not exceeding€10M
Medium 50–249employees
Annual TurnoverNot exceeding
€50M
Balance SheetNot exceeding
€43M
LargeGreater than
250employees
Annual TurnoverGreater then
€43M
If a company is part of a group the employee, turnover, annual balancesheet and ownership limits apply to the group.
Innovation Partnership Process
Outline Proposal
Full Proposal IRCC
Commercial Logic
Programme Remit
Good Academic Match
DA
IPP Team
Technical Assessor
Commercial Assessment
Programme Remit
Technical Assessment
Innovation Partnership ProcessFeasibility Study Facility
Feasibility Study
Full Proposal
Technically Feasible
Clustered Projects
De-Risk Tasks
100% EI Funded
Not a ‘Bigger Voucher’!
€9,000
2 weeks to 6 months
Fast Approval Map IP Landscape
Agency Approval Required
More information
Declan McGeeT: 01 7272668M: 087 9809883E: [email protected]
Cormac Cantwell T: 7272517E: [email protected]
Web:www.enterprise-ireland.com/ipp
Video
Enterprise Ireland recommends that the college own the foreground IP with appropriate licensing rights assigned to the other partner.
However, Joint Ownership of the Foreground IP by the company and college will be accepted if several conditions are met: i. The company must not be Early Stage, Start Up, pre-HPSU or HPSU. ii. The company must have inputted a pro-rata amount of Background IP into the creation of the new Foreground IP as the academic partner.
