Presentation on theme: "09/05/20151 EIB Value-added to e-infrastructures, data networks and e-services Presentation APA Conference 6-7 November 2012 European Space Agency/ESRIN."— Presentation transcript:
09/05/20151 EIB Value-added to e-infrastructures, data networks and e-services Presentation APA Conference 6-7 November 2012 European Space Agency/ESRIN - Frascati A.Calvia-Götz
09/05/20152 Table of Contents 1.Beneficiaries of EIB funds 2.Eligible costs to EIB financing 3.Main challenges in financing e-INS 4.Key issues on the “market-gaps” of e-INS 5.How to create value 6.How to deliver value-added 7.Conclusions –Most of the e-INS are located in EU.
6/11/20113 1. Beneficiaries of EIB funds for e-Infrastructures, Network and Services (e-INS) Public and private counterparts must meet a suitable credit rating They must be legal entities with borrowing capacity The e-INS project must be Technically/economically and financially viable If projects are over EUR 50 million – direct appraisal Research networks/ databanks Data preservation archives Universities Research infrastructures/projects All data related investments Public Research Organisations ITC programme/projects Cloud computing systems and services Companies or Consortia ITC programmes and projects Hardware and software New architecture solutions Public private partnerships
09/05/2015 4 2. e-INS Eligible costs to EIB financing Tangibles Building: Library Equipment: data warehouse Intangibles Research Personnel Research costs Databases IPRs Licences Patents
09/05/20155 3. Main challenges in financing e-INS Timing/sufficiency of public budget commitments High uncertainty in financial commitments at the outset Gaps in “full cost financing” strategy Project definition and costs: the “uncertain value” Estimates are very optimistic Significant cost overruns possible Technical changes impact financial sustainability Short horizons of operating budgets e-INS require long-term financial planning Public budget approvals are multi-annual Mismatch of financing needs/requirements
09/05/20156 4. Key market gaps for financing e-INS Not well-defined funding models Funding partners provide often in-kind contributions Annual memberships are limited funds Only few national partners commit funds over long time horizon EU funds support only initial phase e-INS organised as “weak” legal entity (University or Consortia) These are not financially acceptable counterparts, without public support to reinforce financial sustainability Complexity to deal with private e-INS Financial risks could be very high Investments might be not sufficient, as financially these are not profitable projects and pose high risks
09/05/20157 5. Economic value in financing e-INS: Example Work early on with e- INS projects to find “ad-hoc solutions” for good projects that serve societal needs Understand financing needs and legal structures to address the hurdles Agree on required financial support to minimize risks/uncertainty
09/05/20158 6. How to deliver Value-added EIB value-added Allow to spread financing over time Avoid that austerity “blocks” e-INS projects Provide expertise and not only funding Define “tailored e-INS engineering solutions”. For example the new RSFF (Risk Sharing Financing Facility) Bridge a gap between vision in many fields of science and delivery of advanced e-services
09/05/20159 7. Conclusions If all hurdles are managed, EIB Financing could contribute to success stories To impose financial/technical/economic feasibility at the outset To finance/monitor project performance until completion To ensure long-term commitment of stakeholders To promote good e-INS projects
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