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WELSH EUROPEAN FUNDING OFFICE SMEs Innovation Development in Wales Strategy & Experience

WELSH EUROPEAN FUNDING OFFICE SMEs Innovation Development in Wales Strategy & Experience 13 October 2005 Dr. Emyr Roberts Chief Executive. Wales Mainstream European Structural Fund Areas 2000-06. Objective 1 - Programme Structure. Single Programming Document Programme Complement

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WELSH EUROPEAN FUNDING OFFICE SMEs Innovation Development in Wales Strategy & Experience

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  1. WELSH EUROPEAN FUNDING OFFICE SMEs Innovation Development in Wales Strategy & Experience 13 October 2005 Dr. Emyr Roberts Chief Executive

  2. Wales Mainstream European Structural Fund Areas 2000-06

  3. Objective 1 - Programme Structure • Single Programming Document • Programme Complement • 6 priorities, including - Expanding and developing small and medium-sized enterprises (SMEs) - Developing innovation and the knowledge-based economy

  4. Objective 1 - Current Position • €4,040 million total programme • €1,933 million European money • 1,561 projects approved to date • 90% funds committed • 48% paid to end of September • €4,118 million total project investment • 122,900 gross new jobs created and safeguarded

  5. SMEs Innovation - Strategic Context • A Winning Wales (2001): National Economic Development Strategy for Wales • Wales for Innovation (March 2003): Action plan for Innovation • 5 Action Areas

  6. Wales for Innovation: Action Areas • . Communicating what can be achieved through more innovation • . Delivering more high growth potential business • . Better equipping people to manage • . More effective innovation support and funding • . Maximising the economic development impact of our Universities & colleges

  7. Superman (Phase 1 & 2) • Supporting Innovation Product Engineering and Responsive Manufacture • €11.4million of Objective 1 to generate a culture of technological innovation for companies • 15 collaborative projects between companies & research institutions • To date over €55 million increase in turnover of supported companies • Cardiff University - Higher / Further Education Institution

  8. Opportunity Wales (Phase 1 & 2) • €22m of Objective 1 to target, motivate & support SMEs in achieving greater economic prosperity through advancement along the eCommerce ladder • To date has assisted over 7,800 SMEs benefit from e-commerce & increased turnover by €289m • Small grants scheme/advice & support by local delivery partners to give sustainable improvements to business management • Better Business Wales Ltd - Not for profit company

  9. Knowledge Exploitation Fund • Knowledge and expertise held within universities is a valuable economic resource to create greater income for Wales • Objective 1 funding of €20.4 million to support KEF to unlock the potential • Transfer technology expertise to industry to create new culture of entrepreneurship • Grants scheme/ advice and support • ELWa and WDA: Assembly Sponsored Public Bodies

  10. Optics Technium • Opto-electronics Technology and Incubation Centre is one in the technium network of business incubation centres • Objective 1 of €11.5 million has helped provide an optimum environment for dynamic young companies and spin outs to achieve high growth • Designed to create 318 high quality jobs in North Wales and safeguard 1,155 throughout Wales • WDA: Assembly Sponsored Public Body

  11. CETICS- • Centres of Expertise for Technology & Industrial Collaboration • Innovation & technology support infrastructure for businesses • Improved linkages between academia and industry • Objective 1 of €2.5m • WDA

  12. IP Wales - • Intellectual property for Wales • Advise SMEs on generating and protecting their intellectual property • Objective 1 of €1.5m • University of Swansea

  13. SMART R&D- • Grant scheme for SMEs to carry out innovative research and technological development with commercial potential • Objective 1 €3m

  14. SMEs Innovative Development - Main Lessons • Very successful part of Objective 1 Programme • Important part of next Structural Funds Programme • Long term process • Interaction between Universities and industry essential

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