SME Access to Finance & Enterprise Europe Network

Georgia Tzenou, National Documentation CentreEnterprise Europe Network-Hellas

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Agenda

1.The National Documentation Centre

2.Horizon 2020 & SMEs

3.SME instrument

4.Access to Risk Finance

5.Enterprise Europe Network

6.Q&A

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EKT: National Documentation Centre

National institution for the collection, documentation, aggregation, perpetual preservation, dissemination and re-use of e-content:

•e-content

•Metrics & Evidence-based Policies

•Knowledge Transfer & ExploitationCoordinator of Enterprise Europe Network-Hellas National Contact Point for EU funding for Research & Innovation

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Horizon Horizon 20202020

H2020 & SMEs: Why?

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H2020 & SMEs: Why?

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H2020 & SMEs: Why?

Impact assessment in previous EU R&I Programmes

Less than 50% of industries use publicly funded R&D projects strategically

Only 22% of SMEs in EU research programmes are strategic innovators

Most academics engage with industry only to further develop research

Results not exploited because projects not designed for exploitation

The information environment of R&D programmes is unattractive to SMEs

•SMEs cannot benefit from research results due to missing IPR strategy

SMEs not encouraged to take the project leadership, but public (R&D) organisations lack the entrepreneurial expertise

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SME support: integrated approach

Innovation in SMEs

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H2020 & SMEs: Integrated approach

Priority 2: Industrial Leadership

•Strong participation by SMEs: all forms of R&D, innovation, towards exploitation & commercialization

Simplification of particular benefit to SMEs (e.g. single entry point)

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SME Instrument

• Proposed budget: ~3 Billion €

• Target group: Innovative SMEs (single or consortium) Other organisations only under subcontracting

• Bottom-up while addressing societal challenges &/or key enabling technologies

• Grant-based staged funding, Impact on growth & job creation

• Evaluation: Market-oriented, EU dimension

• Starting date: early 2014, Implementation: EASME

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SME Instrument: Phases 1-3

Phase 1: Concept & Feasibility Assessment

10% budget of SME instrument (~5200 funded projects, 10% success)

Lump sum 50.000€ for 6 months for Innovative SMEs

Input: Idea/Business Plan 1 (~10 pages), Output: Business Plan 2

Activities: Feasibility, Risk assessment, IPR, Partner search…

Call always open with 4 cut-off dates/year (18/06/2013)

Time to contract: 8-12 weeks

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SME Instrument: Phases 1-3

Phase 2: R&D, demonstration, market replication

90% budget of SME instrument (~1700 proposals, success:30-50%)

0,5-2,5 Meuro (exc.:5 Meuro) for 12-24 months to Innovative SMEs

Input: Business Plan 2 + activities under phase 2 (~30 pages)

Activities: Development, Prototyping, Testing, Piloting, etc.

Output: “Investor-ready Business plan 3”

Call always open with 4 cut-off dates/year (24/09/2014)

TT contract: 150 days

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SME Instrument: Phases 1-3

Phase 3: Commercialisation & Coaching

2% budget of SME instrument

No direct funding, Support for access to private finance

Promote instrument as quality label for successful projects

Networking, training, information addressing IP management, knowledge sharing, dissemination

Connection to public procurement activities

Key account Management will be carried out by EENs & coaching by external specialists

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Access to Risk Finance

Assisting organisations engaged in research and innovation to access financial instruments, such as loans, guarantees, equity finance, etc.

2 OPEN CALLS (deadline: 15/04/2014)

•Proposal submitted by single proposer or consortium (Technology Transfer Officers, Universities, public research organizations, etc.)

•Budget: 2,5 Meuro (one or more proposals funded), duration will be defined

•Deadline: 15 April 2014

•Topic 1: Capacity Building in Technology Transfer

•Topic 2: Boosting the investment-readiness of SMEs and small Midcaps

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Access to Risk Finance

15 more calls will follow during in 2014-2015:

•Loan service for R&I (Risk-Sharing Finance Facility)

•SMEs & Small Midcaps R&I Loans Service

•Equity Facility for R&I

•Technology Transfer Financing Facility Pilot

•Technical & Financial Advisory Service for Risk Finance in R&I

•Understanding the Intellectual Property Aggregation Marketplace

•Understanding the Nature & impact of Angel & Crowd-funding

•Assessing the potential for EU Investment in Venture Capital funds-of-Funds& more.. !

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Funded by the European

Commission under the

Competitiveness &

Innovation Framework

Programme (CIP)

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Enterprise Europe Network

One-stop shop for European SMEs

Practical help from local organisations

Listening to SMEs

Almost 600 partner organisations in

54 countries

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Enterprise Europe Network

One-stop shop for European SMEs

Since its launch, the Network has:

• Helped 7 000 companies to sign business, technology orresearch partnerships

• Brought 90,000 companies to international brokerageevents and company missions

• Answered 375,000 questions on EU issues

• Attracted more than 1 million people to events

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Enterprise Europe Network-Hellas

12 Partners, covering all GreeceCoordinator: EKT

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I need a business partner in another country…

How do I get European funding?

What does this EU law mean for my business?

How do I find a new market abroad?

How can I sell my innovative ideas and technology?

Enterprise Europe Network

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Range of Services

Encouraging SME Encouraging SME participation to Framework participation to Framework

Programmes for Research and Programmes for Research and Technological DevelopmentTechnological Development

Innovation, Technology and Innovation, Technology and knowledge transfer servicesknowledge transfer services

Information, feedback and Information, feedback and international business international business cooperation servicescooperation services

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How does the Network help SMEs*?

• Close to 55% of companies have gained access to new markets

• More than half have developed a new product, service or implemented a new business process

• Some 48.5% have reported an impact on their turnover

• Close to 45% have improved their technology

• More than 40% have started a new business project

• Some 99.7% of companies would recommend the services of the Network

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Enterprise Europe Network-Hellas

Indicative Results (2008-2012):

•410 partnership Agreements (commercial, technological, research)

•350 Brokerage Events & Company Missions

•13.000 advices on access to EU programmes

•45.000 responses to EU subject questions

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Contact

Be a part of it!

Visit http://ec.europa.eu/enterprise-europe-network

to find the Network near you

Georgia Tzenou EKT- National Documentation Centre

Tel.: 210 7273965, E-mail: tzenou@ekt.gr

Skype: gtzenou

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