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UK: IP venture fund UK

UK: UMIP Premier Fund

Sweden: Chalmers Innovation

Belgium KU Leuven CD3

Latvia: Imprimatur Capital, Seed and VC fund

Sweden: Karolinska Development

3T (Telecoms Institutes)

EIF TT Transactions

France: Inria IT2: Digital technologies

Bulgaria : LaunchUpStart-up accelerator

Greece: Openfund, Seed Fund

UK: Cancer Research Technology

Elaia (Applied Maths – ENS, Dauphine, Collège de F, X)

Business Creation and Acceleration

Research commercialisation / TT

Bulgaria : Eleven Start-up accelerator

Greece: Piräus Fund, Seed Fund

Lithuania: Practica Incubator and follow-on fund

Lithuania: Strata/Mes Business Angel Co-investment fund

Belgium: NausecaBusiness Angel fund

1France: Institut Pasteur /

IRT LyonInfectious diseases /

vaccines

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Knowledge Transfer Strategic Partnership

Established in Rome - 16 June 2010 – link with LTIC

Open initiative to jointly design Knowledge Transfer solutions

EIB Group and public long-term financial institutions from Austria, Finland, France, Germany, Italy, Poland, Spain, Sweden, Turkey, UK

Work on IP, POC, Business Angels

Partners

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EU 2020 Agenda: Europe's Social MarketEconomy for the 21st Century

■ Remove obstacles to knowledge transfer (excessive risk, lack of financial resources, lack of qualified human resources) by

■ facilitating access to adequate financial resources, financial structuring, technology risk assessment and

■ encouraging the private sector to invest

Plan for Action Technology Transfer

Active EIF support of EU core objectives through Tech Transfer initiatives

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Proof of Concept is key to the EU innovation ecosystem

■ POC dedicated instrument addresses weak link in EU2020 Strategy: match research and market

Beyond traditional linear thinking of research commercia- lisation – towards innovation networks and ecosystems

Design based on concrete EIF experience in this challenging market segment

Market failure: EC funding on non pari-passu terms is critical

to setting up PoC fund

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Investment Facility (not a subsidy programme)

Imperative of commercialisation: industry/investment community is involved from the earliest stages

Rigorous governance: professional, independent decision-making at every step

Legal robustness, simple, cost-effective

Key features

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Investment strategy

Geographical coverage EU with pre-agreed targets for countries of the

sponsors Investments targets

Proof-of-Concept funding (POC compartment EUR 20-200k/investment, POC+ compartment up to EUR 750k/investment)

Seed equity, up to EUR 3m per investment Deal flow

Leading EU academic partners Deal Flow hub in target countries (East, South)?

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Investing in Europe’s academic POC gap

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~ 1500 PROs without systematic / access to POC investment – no grants

JRC-RTD / EC

Technology Transfer Finance Facility

Preferred Partner

LTIC / KTSP

Key value addsamounts (up to EUR 3m in

three stages)speed (< 2 months decision

time) investment rigour

Pan-European scope and perspective –

competition amongst Europe’s best

At the centre of an ecosystemIP sharing/cross licensing

training /mobility/exchange of good practices /innovationentrepreneurship training

Proposal under consideration by

by EC RTD

Strategically compelling

start with ICT-focussed platform

need for BusDev / coaching offer