Fast Track to Innovation < European Innovation Council Pilot 2018-2020
European Commission, 2017 Objective: 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
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?
Comprehensive package - 4 schemes in 1 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
Horizon 2020's three priorities Excellent science (ES) Industrial Leadership Societal Challenges (IL) FTI (SC)
FTI's objectives Funding Gap (range: 1-3 m ) Reduce time from idea to market ('last push') Increase participation of industry, first-time applicants to EU FP support Stimulate private sector investment in R&I
FTIPilot-1-2015 / 2016 (6 cut-off dates) Cut-off date 1 Cut-off date 2 Cut-off date 3 2015 Cut-off date 4 Cut-off date 5 Cut-off date 6 2016 OVERALL TOTALS DATES 29/04/2015 1/09/2015 1/12/2015 TOTAL 15/03/2016 1/06/2016 25/10/2016 TOTAL CALL BUDGET Number of proposals submitted: EUR 100 million 269 231 403 (incl. 110 resubmissions) 903 268 (incl. 97 resubmission s) EUR 100 million 281 (incl. 115 resubmission s) 562 (incl. 254 resubmissions) EUR 200 million 1121 2024 Number of abovethreshold proposals: 48 51 83 182 (20.2 %) 63 70 161 294 476 Number of retained proposals: 16 15 15 (incl. 4 resubmissions) 46 (25.3%) 16 (incl. 10 resubmission s!) 15 (incl. 8 resubmission s!) 17 (incl. 10 resubmissions!) 48 94 Absolute success rate 5.9% 6.3% 3.7% 5.1% 6% 5.3% 3% 4.3% 4.6% Number of beneficiaries 69 67 68 204 72 70 80 222 426 Number of SME beneficiaries 32 (46%) 35 (52%) 28 (41%) 95 (46.5%) 30 (41.7%) 27 (38.6%) 44 (55%) 101 (45.5%) 196 Number of SME project coordinators 9 (56%) 11 (73%) 7(46%) 27 (58.7%) 11 (68.8%) 5 (33.3%) 15 (88.2%) 31 (64.6%) 61.7% Total EC contribution requested for submitted proposals: 507.5 million 427 million 729 million 1.664 million 509 million 815 million 1.098 million 2.422 million 4.086 million
Assessment of the 2015 Response to the FTI pilot call FTI pilot impact Innovation Novelty 89% of projects expect to introduce world novelties Business models 18% of projects expect to disrupt/replace existing business models Supply chains 46% of projects expect to significantly modify supply chains Commercial 91% of project coordinators expect future commercial benefits from use of innovation in their business 78% of project coordinators expect commercial benefits from sale/licensing of new products/processes/services Leverage of additional finance 32% of projects have also received other finance or have plans in place for additional finance Replication Only 11% of projects will commercialise innovation outside of consortium, hence short term replication potential is limited Source: Assessment of the 2015 Response to the FTI pilot call, European Commission, 2017. 8
Budget: EUR 100 million FTI Pilot 2015 Project structure & orientation Projects selected for funding: 46, average project duration 27 months; 58.7% of consortia counting the maximum of 5 partners, 44 out of 46 projects coordinated by industry, ca. 75% of all participants = industry participants! Average project size of 2.8m: 2.1m EU funding; 0.7m matched funding. 20 projects requesting an EU contribution between EUR 1 and 2 million, 26 one between EUR 2 and 3 million Total project cost: 39 projects worth over EUR 2 million, 17 over EUR 3 million, 4 over EUR 4 million FTI funding by H2020 priority
FTI Pilot 2015 Project Examples Neoballast: New high-performant and long-lasting ballast for sustainable railway infrastructures EU funding 1,592,237.5 million; Project coordinator COMSA SAU, Spain Neoballast is a newly developed form of railway ballast which uses a recycled rubber-based coating to extend the lifespan of ballasted track. The high-performance, eco-friendly ballast not only addresses track degradation, but also two other important issues: noise and vibration emissions and track safety. The market potential extends to the whole European rail network (i.e. beyond 200,000km of lines), accounting for almost 20 million tonnes of new ballast every year, and a related turnover approximately 350 million. The innovation will create an entirely new company that will manage the innovation. This will create jobs in relation to marketing and commercial aspects of the innovation. There will also be supply chain jobs created for consortium members such as the construction and machinery specialists, for both of whom, a new line of businesses has evolved from their involvement in the project. TTMJ: New Diaphragm Wall Joints System, EU funding 1.7 million; Project coordinator Trevi Spa, Italy -- The objective of this project is the development, validation and commercialisation of a new approach to constructing diaphragm wall joints for submerged construction at lower costs, higher quality and at a better safety standard than current solutions. The technology behind this new approach has been patented by consortium partner CCMJ System Ltd, and allows the construction of highly stable and reliable joints at higher depths, profiling the primary panel with a new cutting mechanism. the project will bring partners relevant benefits in terms of competitiveness and growth. Trevi Spa s turnover will increase of about 20 percent in the mid-term (up to 2022), and this will lead to an increase of workforce estimated in 65 new jobs. As for ARUP, its turnover will increase by about 16 per cent in the mid-term. CCMJ will improve its turnover by 150 per cent in the middle short term up to 2022
FTI in the EIC pilot Follows bottom-up logic One continuously open call, 3 cut-offs per year Time-to-grant: 6 months Funds innovation actions (70%), grant up to 3 mn Allows consortia of min. 3, max. 5 members mandatory industry involvement Impact criterion has higher weighting in evaluations Call budget of EUR 100 mn / year > more marketcreating innovation + supporting company scale-ups
FTI in the EIC pilot Mandatory industry involvement can consist in the following : either at least 60% of the overall budget of the proposal must be allocated to consortium partner(s) from industry or the minimum number of industry participants must be 2 in a consortium of 3 or 4 partners, and 3 in a consortium of 5 partners. Proposals shall include a business plan (market development strategy)
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 The degree of RISK BE BOLD! Business acceleration services (including coaching) for SMEs New submission form underway
2020 FTI in the EIC pilot
FTI in the EIC pilot Instrument SME-Instrument Phase 1 Phase 2 FTI FET-Open EIC Horizon prizes For whom One or more eligible 1 SMEs From 3 to 5 eligible 1 entities (mostly industrial 2 ) At least 3 entities 3 One or more entities (with restrictions 1 for some of the prizes) Maximum funding 4 50,000 2.5 M 3 M 3 M (RIAs) 0.5 M (CSAs) Varies for each prize Total budget 2018-20 164 M 1425 M 300 M 647 M (RIAs) 10 M (CSAs) 40 M Focus Exploring the feasibility of a business idea (~ 6 months) Breakthrough innovation & international growth (12-24 months) Close-tomarket innovation Radically new technologies 6 different topics (major societal issues) (1) Applicants must be established in an EU Member State or in a country associated to Horizon 2020 (2) This industry involvement implies: (a) either the allocation of at least 60% of the budget to industry participants in the consortium, or (b) the presence of a minimum number of two industry participants in a consortium of three or four partners, or of three industry participants in a consortium of five partners (3) A FET-Open consortium must always include at least 3 participants from 3 different EU Member States or Associated Countries. In addition to these three partners, any legal entity from anywhere in the world can exceptionally also be included in the consortium, in particular when its participation is essential for the success of the action. (4) Per action with possible exceptions
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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