20141022 kd consulting h2020 sme funding instrument_karen dunne
DESCRIPTION
Karen has expertise in Financial Management of FP7 projects in the Energy and SME sector, and has progressed a client company successfully through an EU Commission Audit. As an independent Consultant she is ideally placed as an outsourced solution to the management and reporting requirements for European Projects. Karen is a registered expert on the panel for evaluation of H2020 submissions , and has attended courses relating to both FP7 & H2020. Registered LEAR for both FP7 projects, i.e. appointed as the representative to deal with the EU Commission relating to all Financial and Legal issues relating to the company involved in the project. She can support your project in the following areas and minimise the impact of the demands of the reporting requirements on the day to day running of your business: •She works with the Co-ordinator to assess and review potential partners to the project •Carries out "Health-Checks" on the financial and administration systems •Recommends improvements to existing systems to support reporting requirements •Support role to Co-ordinator during proposal preparation during each phase through to submission on EPSS •Preparation & submission of proposal Part A •Assistance to Co-ordinator in preparation & submission of Proposal Part B, brings business view to "Impact" area of proposal •Preparation & Submission of Form C at each reporting interval •Preparation of reports & assistance to Auditors to secure Audit Certificate for Form C •Information collation & report preparation for pre-audit requests •Assistance & point of contact to EU Commission Auditors during and post Audit •Preparation of reports and responses to Audit follow-up information requests •Karen's experience in Financial Management with businesses from start-ups to SME's brings a commercial focus to EU funded projects, and supports the Horizon2020 focus of from "Lab to Market"TRANSCRIPT
• Founded in 2007 by Principal Karen Dunne
• Experienced Chartered Management Accountant
• 20+ years in Senior Management
• Business Sectors – ICT, FMCG, Construction, Manufacturing, Sales & Distribution, Public Sector, Cleantech
• Outsource Financial Solution to the SME company
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Support Services
• Strategic Business Plans
• Financial Management
• Project Management
• Grant Application and management
• Proposal Preparation and submission Horizon2020
• EU Commission audit preparation and coaching
• Revenue Audit Preparation
• Due Diligence Preparation
• Investment Memorandum Preparation
• Budget & Internal Control systems
• Research & Development Tax preparation
• Company Secretarial & Corporate Governance
• Revenue – Debt management Planning
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Horizon 2020 - €80 billion of funding
SME Instrument - €3 billion
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What is the SME Instrument?
• Only grant programme whereby a SME can enter a project alone or with other SMEs
• Designed specifically to support innovative SME companies who have experienced difficulty securing funding due to the high risk nature of their products or services, i.e. unproven technology
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Who can apply?
• REGISTERED FOR-PROFIT SME COMPANY
• < 250 EMPLOYEES ,TURNOVER <€50M / BALANCE SHEET < €43m
• NEW INNOVATIVE IDEAS, PRODUCTS/SERVICES WITH POTENTIAL FOR GROWTH AND INTERNATIONAL COMMERCIALISATION
• TECHNOLOGY READINESS LEVEL 6 i.e. Technology has been demonstrated in a relevant environment
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Funding Supports Available
•€5000 Enterprise Ireland Innovation Voucher Scheme
•Available to SME Companies not previously involved in FP7 Projects
•20% - SUBCONTRACTED TO INDUSTRY EXPERT
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Phase 1
Concept and feasibility
assessment
Phase 2 Demonstration,
Market Replication, R&D
Phase 3
Commercialisation
Lump sum:€50kDuration 6mths3 days coaching
€500k-€2.5m12- 24mths12 days coaching
No Direct funding
SME INSTRUMENT
Themes for 2014-2015
In 2014 and 2015 the SME Instrument will sponsor SMEs operating within 13 themes:
• High Risk ICT innovation
• Nanotech, or other advanced tech for manufacturing• and Materials
• Space research and development
• Diagnostic devices and biomarkers
• Sustainable food production and processing
• Blue growth
• Low carbon energy systems
• Greener and more integrated transport
• Eco-innovation and sustainable raw material supply
• Urban Critical infrastructure
• Biotechnology-based industrial processes
• Mobile e-government applications (2015 only)
• SME business model innovation (2015 only)
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Chances of Success???• Highly competitive grant programme
• +4,600 applicants to date
• 6% success rate in June cut-off,
• IRELAND ACHIEVED 20% SUCCESS RATE
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• Too much focus on project , not enough on business opportunity• Not convincing when describing the company• Not enough information on competing solutions• Too low level of innovation• No concept for commercialisation• Trying their luck……
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Timeline 2014/5
• 17 Dec Cut-off Phase 1 & 2
• 18 Mar Cut-off Phase 1 & 2
Further [email protected]: + 353 (0)87 768 1633