European Innovation Council Pilot 2018-2020
A distinct challenge 'Horizon 2020 has potential in terms of generating breakthrough, marketcreating innovation, although such support can be strengthened substantially'. Share of young leading R&D firms ("yollies", started in 1975 or later) Europe lags behind! 2
Unicorns: US and Asia lead the way 3
Much of the investment in young EU deep-tech companies comes from the US tech titans Cloud9IDE (NL) Colis Prive (Fr) NICE (IT) Ivona Software (PL) US tech titans invest in young EU deep-tech companies 2014 2016 Two Big ears (UK) Surreal Vision (UK) Moves App (FI) 13 th Lab (SW) Moodstocks (Fr) Hark (UK) Digisfera (PT) Thrive Audio (IRL) Deepmind (UK) Spider.io (UK) Faceshift (CH) VocalIQ (UK) Semetric (UK) Metaio (DE) Solair (IT) SwiftKey (UK) 6Wunderkinder (DE) (Skype in 2011, SW) 4 Source: Dealroom
Market-creating innovations? some eye-catchers based on WIPO, MIT, WEF, OECD, Harford, etc. past future? electricity car airplane social media antibiotics container GPS artificial intelligence liquid biopsies semi-conductors digital platforms 3-D printing? barcode PC smart phone internet internet of things the cloud autonomous vehicles CRISPR-cas new batteries blockchain quantum computing gene therapy hydrogen graphene?
European Commission, 2017 Strengthen breakthrough innovations and boost the number of high-growth companies Focus on people and companies with ideas for : Radically new, breakthrough products, services, processes or business models That open up new markets with the potential for rapid European and global-scale growth (high risk, need for significant investment) Take shape at the intersection between different technologies, industry sectors and scientific disciplines 6
Comprehensive scheme Ecosystem support Coaching, mentoring and business acceleration services for all SMEs 1.6 billion 3,900 projects Soft Blending 715 million 340 projects FET OPEN Future Emerging Technologies 300 million 130 projects FTI Fast Track to Innovation SME-Instrument Phase-1 SME-Instrument Phase-2 Under construction Visionary Idea Test & Co-create Feasibility Start-up Development Scale-up Investment 40 million EIC Horizon Prizes Innovative Batteries for evehicles --- Fuel from the Sun: Artificial Photosynthesis --- Early Warning for Epidemics ---Blockchains for Social Good --- Low-Cost Space Launch --- Affordable High-Tech for Humanitarian Aid
SME instrument EIC Novelties The submission forms speak (even more!) business language now A larger pool of evaluators with technology and financial/commercial background The evaluation criteria stress potential for market-creating innovation Fully bottom-up: no predefined topics Phase 2: Quality threshold raised to 13 Interview by jury in second step Coaching and phase 3 extended to FET Open / FTI SME grant holders
SMEi Phase 2 two-step evaluation Step 1. Remote evaluation: - 4 evaluators per proposal - threshold 13 points overall (4 per criterion) Step 2. Interviews for 2 x budget - 30 min - Jury of experts - To assess quality and ambition of the team - Decide on Y/N to be funded Expected TTG remains 5 months Evaluators with innovation, investment and business background New guidelines for applicants First interviews in February 2018
Support services to SME grant holders extended Coaching Business and organisational development, cooperation, financing Facilitated by the Enterprise Europe Network (EEN) Mentoring Aims to develop leadership skills resilience, tenacity and strategic insight Individual founders, CEOs and leaders are eligible One-to-one meetings with mentors (CEOs of scale ups) Initially mentors drawn from pool of SMEi Phase 2 clients Business Acceleration Services Tailored made for companies' needs Investor's events, online matchmaking, overseas trade fairs, etc
2020
FTI EIC Novelties A larger pool of evaluators with technology and financial/commercial background The evaluation criteria stress potential for market-creating innovation: Impact Solutions that can create new markets or disrupt existing ones are key targets Boosting (rapid) scale-up and competitiveness of European businesses Excellence Bring important progress to or revolutionise an industrial sector, business practice or societal issue High degree of risk Business acceleration services (including coaching) for SMEs New submission form underway
FET OPEN EIC Novelties The evaluation criteria emphasise (even more) potential for scienceto-technology breakthrough Business acceleration services (including coaching) for SMEs Higher budget, including for connecting consortia to markets, business, innovation and IP intelligence, the EIC community in view of accelerating the impact of the funding awarded
EIC Horizon Prizes Contests to be opened soon for six challenge-driven inducement prizes to be awarded to those best addressing the challenges: Innovative Batteries for evehicles: 10 M Fuel from the Sun: Artificial Photosynthesis: 5 M Early Warning for Epidemics: 5 M Blockchain for Social Good: 5 M Low-Cost Space Launch: 10 M Affordable High-Tech for Humanitarian Aid: 5 M (split-out in 1 M awards) http://ec.europa.eu/research/eic/index.cfm?pg=prizes
Website Cleaner interface Wizard guides you to the calls on the PP Success stories
Towards EIC in FP9 1. Stakeholder consultation on FP9 (Q1 2018) 2. Commission proposal for MFF post-2020 (summer 2018) 3. Commission proposals for programmes post-2020 (summer 2018) 4. Experiences with the EIC pilot (from now onwards) 5. 2019-2020: EP elections, new Commission, negotiations and adoption of FP9 6. 2021: start of FP9
Towards EIC in FP9 The upcoming wave of breakthrough innovation will: Be more based on science and expertise where Europe is strong (AI, data, graphene, gene editing, etc.) Transform existing sectors with massive economic and social benefits (transport, healthcare, energy, education, etc) But this will require major changes: More high risk and longer term funding (innovation cycle longer than the app economy, higher technological risks) Closer interaction with public policy and regulation (to enter and scale up in heavily regulated markets)
Towards EIC in FP9 High Level group of Innovators gave their first set of key recommendations for a European Innovation Council 1. Bring all relevant EU innovation financing into a single, fit for purpose EIC 2. Empower the innovator 3. Focus on excellence even if high risk, crowding in private investors 4. Amplify, don't duplicate, existing innovation ecosystems 5. Connect breakthrough innovators to public policy and regulations
For further information EIC website Participant Portal EASME website Follow us on EU Science & Innovation @EUScienceInnov #EU_EIC @H2020SME EU Science & Innovation
European Union, 2017 Picture olly, #143530931, 2017. Source fotolia