Building a Business on your ideas Ideagen Oct 25th

What Enterprise Ireland can do for you

Innovation Vouchers - €5,000 for small companies to get innovative solutions to technical and business challenges

R&D Advocates scheme - assistance to explore how R&D can help your business and help you get involved in R&D

The R&D Fund - grants for in-house R&D projects, small and large, and collaboration bonuses for company-to-company collaboration

Innovation Partnerships – up to €250,000 available for collaborative projects between companies and research teams in Higher Education

Applied Research Enhancement Centres – collaborate in clusters of companies and access equipment & knowledge

EU, FP7 and ESA - access funding and research partners across Europe

Competence Centres – industry-led research in emerging technology sectors

R&D and Innovation

R&D AdvocatesProgramme

specialist R&D advice and consultancy – shared costs 3 daysoffered

Innovationvouchers

to investigate new technology opportunity(3rd level institute or knowledge centre)

€5k voucher

Innovation Partnerships

Co-funding of company-specific R&D in Irish colleges or institutes

€200k contribution

StrategicConsultancy

help formulate effective R&D and design strategies to underpin business development

On request

FeasibilityStudy

establish the commercial & technical feasibility of new products, processes and services

On request

R&D Fund To develop new or improved products, processes and services

€450k grant

R&D Fund Small Projects

As for R&D Fund above, but small projects for small companies & new R&D performers

€150k max project cost

Summary of EI R&D Offer

• Target audience clients with limited interaction with EI

• 18 Advocates – Consultants not EI staff

• Initial contact by phone and then company visit

• Up to 3 days consultancy available with EI sharing the costs.

– Advocates Programme Manager - Cathy Courtney• cathy.courtney@enterprise-ireland.com• 066 7149370

Advocates Programme

• Standard and Pooled Applications

• 3 Calls: 1st February 2011, 1st April 2011, 1st September 2011

• 200 Vouchers Available In Each Call, Valid 12 Months(If Over Subscribed:- Random Selection Process)

– Applicant Restrictions:-• Used <2 Vouchers To Date• No Active Vouchers• Small, Reg. Limited Company• EI Clients: <€300k in R&D Support

Innovation Vouchers 2011 Programme

Geographical Distribution

Dublin City & County 705 Meath 54

Cork 340 Tipperary South 53

Waterford 187 Mayo 52

Galway 159 Kildare 51

Donegal 133 Sligo 51

Wicklow 97 Leitrim 36

Kerry 89 Offaly 36

Carlow 80 Laois 33

Limerick 70 Monaghan 31

Louth 69 Roscommon 28

Wexford 69 Tipperary North 27

Westmeath 62 Longford 22

Kilkenny 59 Cavan 21

Clare 55

• €5,000 from applicant, €5,000 from Enterprise Ireland

• 10 Vouchers / Week

• (If Over Subscribed:- Random Selection Process)

• Same Applicant Restrictions Apply

• More information www.innovationvouchers.ie

• Pat O’Brien– Pat.obrien@enterprise-ireland.com– 01 727 2766

Co-Funded Fast Track Voucher

Completing the Standard Application:Knowledge Question

• Company Profile• The Innovative Idea – Product / Process / Service• The Issue/Problem – Why Do You Need a Knowledge

Provider• The Deliverables • How the Innovative Idea Helps the Company

Typically, Half to One Page of Text

Fast Track Application:

Deliverables Confirmed By Knowledge Provider

Company Satisfaction Survey

• 96% found the application process straightforward or very straightforward

• 69% found their objectives were wholly or largely achieved• 84% were satisfied or very satisfied with their partner knowledge

provider• Company Comments:

– “An excellent initiative, simple to access and fantastic in its ability to connect us with high quality R&D. I would not change anything.”

– “I am very pleased with the Innovation Voucher scheme and find it very helpful and quick to carry out R&D testing outside the company as it would be impossible otherwise to do internally due to a lack of resources, people, expertise and equipment.”

– “Overall it was a useful tool for us to advance early R&D testing and carry out some early 3rd level collaboration. It also provided us with some further credibility in the early days to show what type of company we were and what we were capable of using partnership approaches.”

R&D Stimulation Fund

designed to assist a company to explore suitable product or process development projects and to gather the necessary information to enable the company (and Enterprise Ireland) to come to firm conclusions about proceeding with a full R&D project.

• R&D Stimulation - max spend €30k• For companies not yet ready to undertake full R&D project• Co need to set up a system or structure to ensure they can track &

draw down expenditure• Excellent fund for a successful co eager to add value, to diversify• EI target is job creation but R&D Stimulation ensure job retention +

growth

Small Company Medium Co. Large Co.

Type of Funding Grant

Maximum Grant €450,000

Innovative Projects that are technically challenging & involve significant risk

45% 35% 25%

Bonus where there is collaboration between 2 or more companies

15% 15% 15%

Max Funding Rate 50% 50% 40%

R & D Fund

• All manufacturing and Internationally traded services companies

• Existing & Potential clients of:– Enterprise Ireland– Udaras na Gaeltachta– City & County Enterprise Boards - CEBs (Small Projects only)

• More Information – www.enterprise-ireland.com/R&D

• Maura Shields– maura.shields@enterprise-ireland.com– 01 7272224

R & D Fund Eligibility

• Materials/Equipment – all materials and equipment associated with the R & D project

• Salaries – Researchers, Technicians & General staff

• Overheads - 30% of Salary expenditure

• Building costs – only for use of R & D

• Subcontracted Work

• External Consultancy fees

• Patent Costs limited to 20%

• Technology Acquisition – limited to 50%

• Loan of qualified personnel (SME’s Only)

R&D Fund Eligible Costs

• Designed for SMEs who have not been active in R&D with Enterprise Ireland.

• Open to CEB client companies

• Not generally for large companies

• Anticipated project spend must be < €150 k

• Process – Non-competitive– Shortened application and assessment– Approved by 3-person EI committee– Ratified by R&D fund committee

R&D Fund Small Projects

• HPSU feasibility grant - 50% of eligible expenditures. To a maximum grant of €15,000.

• Innovative HPSU Fund for companies - approx 15% of total operating costs must relate to R&D

• Supports subject to start-up being accepted by Enterprise Ireland Start-up Team

• HPSUs assigned a Development Advisor and possibly:– Business Accelerator – iGAP– First Flight Programme– Excel at Export Selling– Mentor Grant

High Potential Start Ups (HPSU)

• Thank You• Any Questions?