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INNOVATION VOUCHER INITIATIVE PowerPoint Presentation
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INNOVATION VOUCHER INITIATIVE

INNOVATION VOUCHER INITIATIVE

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INNOVATION VOUCHER INITIATIVE

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  1. Funds & Expertise for R&D INNOVATIONVOUCHER INITIATIVE INNOVATIONPARTNERSHIPPROGRAMME IRDG Event - Galway 21 September 2012 Declan McGee

  2. 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

  3. 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

  4. 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)

  5. 2012 Statistics • 450 vouchers awarded • 346 redeemed

  6. More information Michael Dolan (mike.dolan@enterprise-ireland.com) Mary Cahill (mary.cahill@enterprise-ireland.com) www.innovationvouchers.ie

  7. WHO? WHO USES THE PROGRAMME? PROGRAMME OVERVIEW PROGRAMMEPERFORMANCE

  8. A company has identified a commercial opportunity for an innovative product, process or service that they need to develop. That company does not have the relevant resources in terms of skills, experience, headcount or revenue to manage the R&D work alone. GAP 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. Who uses this Programme?

  9. 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…

  10. …can access expertise from research teams in institutes across Ireland…

  11. 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 Programme Overview

  12. 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 * Innovation Partnership Programme Evaluation *Independent Evaluation by Frontline Consultants (UK) *External Impact Evaluation (2011)

  13. Small Company Medium Company Large Company Type of Research Industrial Collaborative 80% 75% 65% Experimental Collaborative 60% 50% 40% Every company partner will be expected to pay 20% of the project costs in cash

  14. Small 1–50 employees Not exceeding €10M Annual Turnover and/or Balance Sheet Balance Sheet Not exceeding €43M Annual Turnover Not exceeding €50M 50–249 employees Medium Greater than 250 employees Annual Turnover Greater then €43M Large If a company is part of a group the employee, turnover, annual balance sheet and ownership limits apply to the group.

  15. IRCC Outline Proposal Full Proposal Innovation Partnership Process DA Commercial Logic Commercial Assessment IPP Team Programme Remit Programme Remit Technical Assessor Good Academic Match Technical Assessment

  16. Feasibility Study Full Proposal Innovation Partnership Process Feasibility Study Facility 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

  17. More information Declan McGee T: 01 7272668 M: 087 9809883 E: declan.mcgee@enterprise-ireland.com Cormac Cantwell T: 7272517 E: cormac.cantwell@enterprise-ireland.com Web: www.enterprise-ireland.com/ipp

  18. Video

  19. 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.