Funds & Expertise for R&D INNOVATION VOUCHER INITIATIVE INNOVATION PARTNERSHIP PROGRAMME 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 (3 calls per year – current call closes on 30th September) • One 50-50 Co-Funded Voucher per Company (applications accepted anytime) 2012 Statistics • 450 vouchers awarded • 346 redeemed 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 More information • Michael Dolan ([email protected]) • Mary Cahill ([email protected]) www.innovationvouchers.ie WHO USES THE WHO? PROGRAMME? PROGRAMME OVERVIEW PROGRAMME PERFORMANCE Who uses this Programme? A company has identified a commercial opportunity for an innovative product, process or service that they need to develop. GAP That company does not have the relevant resources in terms of skills, experience, headcount or revenue to manage the R&D work alone. 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 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 * *Independent Evaluation by Frontline Consultants (UK) *External Impact Evaluation (2011) Small Company Medium Company Large Company Industrial Collaborative 80% 75% 65% Experimental Collaborative 60% 50% 40% Type of Research Every company partner will be expected to pay 20% of the project costs in cash Small Medium 1–50 employees 50–249 employees Greater than Large 250 employees Annual Turnover and/or Balance Sheet Not exceeding €10M Annual Turnover Not exceeding €50M Balance Sheet Not exceeding €43M Annual Turnover Greater then €43M If a company is part of a group the employee, turnover, annual balance sheet and ownership limits apply to the group. Innovation Partnership Process Outline Proposal Commercial Logic Programme Remit Good Academic Match Full Proposal DA Commercial Assessment IPP Team Programme Remit Technical Assessor Technical Assessment IRCC Innovation Feasibility Partnership Study Facility Process Full Proposal Feasibility Study 100% EI Funded Technically Feasible €9,000 Clustered Projects 2 weeks to 6 months De-Risk Tasks Fast Approval Map IP Landscape Not a ‘Bigger Voucher’! Agency Approval Required More information Declan McGee T: 01 7272668 M: 087 9809883 E: [email protected] Cormac Cantwell T: 7272517 E: [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.