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Portugal

Portugal. International O utreach Current Funding Opportunity. Portugal International Business Hub 2014. National Park Peneda Gerês. Palácio das Cardosas , Porto. INTRODUCTION. Renee. Diogo. Venture Capital – management & closing deals Grupo Lena - conglomerate MBA, BSc Biotech

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Portugal

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  1. Portugal International Outreach Current Funding Opportunity

  2. Portugal International Business Hub 2014 National Park PenedaGerês

  3. Palácio das Cardosas, Porto

  4. INTRODUCTION Renee Diogo Venture Capital – management & closing deals Grupo Lena - conglomerate MBA, BSc Biotech Conceived, negotiated and closed several investment project deals for different R&D centers and companies ($28 M  raised; $5.4 M under project analysis; $60 M under VC analysis) Manages, writes grants, business plan and development, strategy Last 2 years worked on 23 financial incentive projects (88% success rate) Most Recent project 2014 : 12.5 million-dollar South African High Tech plant investment in Portugal • Caduceus Technology Partners, LLC • Baylor College of Medicine - P.A. graduate • MS – Science & Technology Commercialization – international innovation/commercialization program - IC2 University of Texas Business School (in conjunction with Portugal) • Part of LVAD -partial artificial heart R&D team • Mixed medical, business, and financial market backgrounds (founder of an NASD Investment Advisory firm) • Provides international innovation consulting, development, startup, cultural & commercialization assistance • Toured international incubators (Netherlands, Belgium, Portugal, Germany), • On international medical device conference panels (Portugal, Spain) • Screens & evaluates innovations, develops strategies, IP & global research, hire & manage professionals, provides prototype development, project management, VC & investment preparation • Built international network of innovation and commercialization specialists and managers

  5. Porto

  6. WHY PORTUGAL ? 2014 www.doingbusiness.org

  7. WHY PORTUGAL ? Geography • Friendly & Safe • Part of European Union • Gateway to ~250 M Portuguese speaking people • Gateway to EU, Brazil, Africa and Latin America markets • Advanced Telecommunications Network superior to USA Political • Politically Stable • Gov’t seeking direct investments into Healthcare • Seeking global growth • Very Favorable business environment

  8. WHY PORTUGAL ? Human Resource • Well-equipped R&D Institutions • Highly skilled, motivated, well educated workforce • Future outsourcing opportunity for global growth • Underutilized well-trained PhDs • Existing relationships with innovation executives, incubators and academia Economic • Ability to utilize both EU and Portugal grants • Porto , Portugal belongs to EU priority region for incentives • Business and Tax incentives - (CAPEX, R&D, internationalization, etc) • Labor funding incentives • Lower Outsourcing and Labor costs

  9. Economy and Health

  10. Music Hall by RemKoolhaas, Porto

  11. Business Advantages • Interest free loans incentives • Grants and loan-grant conversions (matching) • CAPEX incentives • Business tax incentives • Politically stable • Friendly eager workforce • Strong IT and telecommunications

  12. Following Slides Deal With Examples of Funding Incentives Normal business funding opportunities: grants, tax free loans, tax incentives, tax credits, loan grant conversions, etc.

  13. Portugal Assumptions Available Funding Mechanisms 1st Year 2nd Year 3rd year…… …… ……… nth year Potential Model Portugal Startup CAPEX Portugal HR. New Hiring Portugal Tax Credits Portugal R&D European Commission

  14. Portugal Assumptions Available Funding Mechanisms 1st Year 2nd Year 3rd year…… …… ……… nth year Example • For each 1.00 M-dollar eligible Investment (Equipment, Installation, etc) • 0.45 -0.65 M-dollar financial Incentive (Loan). 3- year grace period. No Interest . No banks! It may be converted up to: 0.33 - 0.48 M-dollar grant (Subsidy) Each following year one may apply, whether competitive and innovative investment is needed Potential Model Startup CAPEX

  15. Portugal Available Funding Mechanisms 1st Year 2nd Year 3rd year…… …… ……… nth year example South African Recently Approved Project • .Sector: Car Supplying High Tech Industry • .Capital Origin: South Africa • .Investment Size (total investment costs): 12.48 M USD • .Jobs to be created during 2 years: > 60 • .Approved Incentives (loan) : 5.16 M USD • .Convertible part (subsidy): 4.12 M USD Potential Model Startup CAPEX

  16. Portugal Available Funding Mechanisms 1st Year 2nd Year 3rd year…… …… ……… nth year example • For each 10 hired people (1 Manager, 4 PhD (2 PI), 2 Research Assistants, 1 sec, 2 Business Developers) • During 36 months • Average salary 2,608 dollars/ month. Total HR Cost for the company for the 3-year period: 1.37 M dollars • Totally grant (subsidy): 0.29 M dollars (approx 21%) • New and initial hirings can be funded through R&D projects after and during that period Potential Model HR. New Hiring

  17. Portugal Available Funding Mechanisms 1st Year 2nd Year 3rd year…… …… ……… nth year 2 ways • From 10 to 20% of CAPEX   Maximum Annual Deduction on taxable amount. • From R&D costs    tax credit up to 1.95 M dollars Potential Model Tax Credit

  18. Portugal Available Funding Mechanisms 1st Year 2nd Year 3rd year…… …… ……… nth year example • 1.3 M-dollar R&D Project • 0.52 M to 0.78 M-dollar Grant (subsidy) • One may submit several projects...Independent + conjoint • Covered Expenses: HR,  Reagents, components, specific equipment and software, patent costs, scientific and training activities costs,…. Potential Model R&D

  19. Portugal Available Funding Mechanisms 1st Year 2nd Year 3rd year…… …… ……… nth year example • The new company may participate with European Peers for direct European Funding • 5.85 M-dollar R&D Project • 4,5 companies and institutions from 3 countries Potential Model European Commission

  20. Portugal funding Key Funding Interests • Economic Development • Creates potential for jobs • Specific interest in: *Healthcare industry *Energy industry *Wireless & wearable *Telemedicine *Security *Any manufacturing These are EU funds set aside for certain specific areas in Europe for increased initiatives. Caduceus has a partner in Portugal who has experience and success with these economic development grant applications. We will work together closely as a team on these initiatives. These funds can be used for joint development and internationally within their criteria. A Portuguese company entity would need to be set-up, which we will assist with. R&D collaborations with universities are also available.

  21. Advantageous Portugal Funding Available Funding Mechanisms SUMMARY Example for a 3-year period • A new company $10 M investment size $3.4 M grant (if milestones achieved) • with 10 People hired $0.29 M grant • $1.3 M research project per year $1.95 M grant • Total   $5.64 M grant • Plus tax credits for the following years. No corporate tax for a while (depending on the business and initial investment) • Funding request are available <$500K USD and much more than $10M USD Potential Model

  22. SUBSIDIZEDFuture Growth

  23. Romantic Porto

  24. Port Wine Douro Valley

  25. Port Wine Douro Valley National Park PenedaGerês

  26. Presented for consideration by Renee White, MS, PA Caduceus Technology Partners, LLC www.CaduceusTechnology.com ReneeW@CaduceusTechnology.com 281-391-9883 Please contact us to schedule a meeting for more information. NEW GRANT APPLICATIONS OPEN IN OCTOBER 2014

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