eu funding for sme's and startups

17
Horizon 2020The SME Instrument

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Page 1: EU funding for SME's and Startups

Horizon 2020The SME Instrument

Page 2: EU funding for SME's and Startups

Horizon 2020 SME Instrument P

a

Companies this makes sense for

• Research and Prototyping largely completed

• Taking a new disruptive product that is ready to attract early adopters in the market

• Good Management team

• Have 30% of the project cost

The Funding is to implement a commercial business opportunity, not an R&D project.

Implementation of

business plan

Scale the business

big commercialisation

70% funded by EU.

6 months duration

70% funded by EU.

1-2 years duration

No EU Grant funding;

Loan and soft supports.

EIB/EIF finance.

Phase 3

Loan based finance

Phase 2

€0.5m - €2.5m

Phase 1

€50k

Prepare business plan

and apply for phase 2

Application to grant approval 3 months (Phase 1)

6 months for phase 2 applications.

Open call

Page 3: EU funding for SME's and Startups

Grants are for single SME’s and Startups with

innovative disruptive ideas

Page 4: EU funding for SME's and Startups

Who is getting funded?

• 1/3 of grants have been awarded to startups

• Ireland is one of the most successful countries

in Europe in the SME Instrument

• 42 Phase 1 (€2M)

• 26 Phase 2 (€43M)

• http://ec.europa.eu/easme/sme-instrument-

beneficiaries

Page 5: EU funding for SME's and Startups

• €1.12m

• €0.66m

• €0.64m

€2.48m

• €1.09m

€0.18m

€1.72m

€1.01m

€4.27m

€4.49m

€0.99m

€1.6m €1.26m

€0.40m

€2.75m€2.20m

€3m

€1.12m

Irish Successes

€1.12m €1.52m

Page 6: EU funding for SME's and Startups

Success Rates per topic

Page 7: EU funding for SME's and Startups

SMEs not afraid to ask for big money

Page 8: EU funding for SME's and Startups

Profile of successful SME’s in H2020

• For-Profit SME

• Legally established in Europe with resources

• Innovate prototype at TRL 6

• Disruptive business idea with clear market

application

• Track record eg National funding, private

investment

• Rapid growth prospects

Page 9: EU funding for SME's and Startups

What makes a successful application?

• Ability to recruit

• A skilled team

• Underlying market growth

• A scalable business model

• A solid financial plan

• Long term value

• Well written proposal

Page 10: EU funding for SME's and Startups

Successful Applications• demonstrate a disruptive innovation,

• Have a clear ambition to grow at EU level,

• a demonstrated knowledge of your target market and a convincing

commercialisation plan.

• will generate revenues and create jobs.

• Explain the market conditions and the evolution of the competition.

• Provide concrete and realistic figures on the market size, the market share,

the sales price.

• Show at least 3 years of projection of sales volume, turnover and number

of jobs created.

• Will demonstrate that your project has a European or international

dimension. If it’s targeted only at a national market, it won’t be supported

by the SME Instrument.

• The protection of intellectual property is also very important and must be

explained.

Page 11: EU funding for SME's and Startups

Why do proposals not get funded?

1.Too much focused on the project and not enough on the business

opportunity;

2.Not convincing when describing the company (you have to explain

why your company will succeed and not your competitor);

3.Not providing enough information on competing solutions;

4.Having a too low level of innovation, planning to develop a product

that already exists on the market;

5.Proposing just an idea without any concept for its

commercialisation;

6.Just trying their luck (the SME Instrument is not a lottery!).

Page 12: EU funding for SME's and Startups

Proposal Structure

5 Sections and Administrative Forms

1. Excellence

2. Impact

3. Implementation

4. Members of the Consortium

5. Ethics and Security

Threshold (out of 15)13 points for Phase 1

12 points for Phase 2

Impact x1.5 when determining the final ranking

• In order to win, you have to get close to the Maximum.

Page 13: EU funding for SME's and Startups

Eligible Costs for SME Instrument proposals

• Direct

• Personnel costs (directly employed)

• Travel

• Equipment / Infrastructure (Depreciated)

• Other direct costs

• Consumables

• Disseminstion/IPR

• Audit

• Subcontracting eg clinical trials, testing

• Indirect costs - 25% of direct costs except for subcontracting

Page 14: EU funding for SME's and Startups

Payments

• 30% up front (within 30 days of signing Grant

Agreement)

• Based on deliverables determined in Grant

Agreement

• 15% withheld until all actions are completed

Page 15: EU funding for SME's and Startups

Newcomers or old-hands

Page 16: EU funding for SME's and Startups

For further information contact:

[email protected]

01 727 2751

[email protected]

061 777048

Support

Page 17: EU funding for SME's and Startups

What to do next?

• Talk to the European Advisors…

• www.horizon2020.ie

• Fill out one page project description… http://www.horizon2020.ie/who-to-contact/sme-instrument/

http://www.horizon2020.ie/career-fit/

Dr Imelda Lambkin

01-7272665