How to succesfully obtain a Valorisation Grant October 11 th, 2012 Stefan Jongerius Wouter Segeth
Img src: Mission STW Est Enabling knowledge transfer between technology driven sciences and its potential users 1. By financing excellent applied scientific research 2. By uniting scientists and potential users in research
Current relations 500 projectleaders 750 researchers 600 companies in user committees 2500 actual user relations 50 fte STW office employees
Participation knowledge-institutions in STW-programs (OTP, Perspectief & Vernieuwingsimpuls) based on running projects in 2009 Universities involved
Topsectors Percentage relevance topsectors based on STW projects
STW network Bubblechart STW network; size indicates number of proposals; relative distance indicates collaboration
STW budgets Yr income expenses 10,5M NWO otherVernieuwingsimpuls 31,7M Open Technology ProgramNWO, OCW basic funding 23,0M Perspectief EL&I 9,5M Partnership & Valorisation Grant Co-finance & transfer fees € 74,7M
STW Instruments Open Technology Programme Technology driven research projects Size: ≤ 750 k€ per project In-cash and/or in-kind contributions from users Perspectief Technology driven networks ≥ 3 universities Size: 2 - 7,5 M€ per programme Valorisation Instruments Valorisation Grant Demonstrator Stimulation commercialisation of research results Partnerships Demand-driven programmes 50% in-cash contributions from industry Size: ≤ 3 M€ per partnership Vernieuwingsimpuls (NWO) Individual research grants Size ≤ 1,5 M€ per proposal
Financing valorisation Fundamental Research Applied Research Transition Market entry Market expansion Banks Venture Capital Industry Angel Investors Industry Government Funding intensity Funding gap Valorisation Grant Partnership OTP Perspectief Demonstrator
Proof-of-Principle Proof-of-Concept PrototypePre-seriesProduct Private Public Research OTP Perspectief HBO RAAK Research OTP Perspectief HBO RAAK Result Sales Valorisation Grant Start-Up & SME Active entrepreneur Industry & SME Promising result Demonstrator STW valorisation Industry & SME Active user Knowledge transfer
Phase 1: Feasability study Grant up to € To prove the technological and commercial feasibility Phase 2: Valorisation Grant up to € Transition from public research to private business Phase 3: Commercialization Business running Private funding Valorisation Grant
STW Valorisation Grant Started in This program closely resembles the American Small Business Innovation Research program (SBIR). The main objectives of the Valorisation Grant are: To transfer university knowledge into business to existing SME companies to new companies To strengthen the innovation power of SME high-tech innovations
Valorisation Grant Phase 1: Feasibility study to show technical feasibility to show economical / commercial feasibility maximum: euro Phase 2: Valorisation phase proof of concept to raise venture capital to serve first customers maximum: euro Phase 3: Commercial phase fully commercial operating company privately funded, no public funding Public Private
Valorisation Grant Who can apply? Only university employees can apply However… The applicant can use the grant to start-up a company or to cooperate with an existing SME The advantage Stimulates university employees to start business activities Universities becomes much more involved in innovative SME activities
Facts Valorisation Grant Yearly budget: 3-4 million euro 2 calls a year Open call, no themes. One big competition. Every applicant gets interviewed by a experienced panel of entrepreneurs, private bankers and scientists STW is willing to transfer or license IP to company for market price
Facts Valorisation Grant VG Phase-1Phase-2 SubmittedGranted Submitted Granted Life Sciences High-tech systems ICT Chemistry Total
Impact Valorisation Grant VG performance indicator Companies Phase 2 start-up SME 52 (96%) 2 (4%) Follow-up appplication phase 1 ► phase 1 phase 1 ► phase 2 phase 2 ► phase 3 43% 45% 50-75%
Valorisation Grant start-ups
Findings so far The motivation at the university to develop your own business is high. The entrepreneurial skills at the universities can be improved. The incubator facilities at the universities make Valorisation Grant projects more successful Low-entrance private seed capital makes the continuation into phase 3 relatively easy.
How to write a VG phase 1 application Content 1. Contact details 2. Business idea 2.1The problem 2.2The proposed solution 2.3Innovative aspects 2.4Commercial aspects 2.5The IP position 3. Project plan 3.1The aim of the project 3.2Description of work 3.3Milestones, time schedule and cost indications 3.4The project team 4. Budget plan Evaluation criteria: Technological innovation (1x) Market potential (1x) Project plan (1x) The team (1x)
How to write a VG phase 2 application Content 1. Contact details 2. Business development plan 2.1The business idea 2.2The product development plan 2.3Market and competition 2.4Business organisation 2.5IP position and strategy 3. Project plan 3.1The aim of the project 3.2Description of work 3.3 Milestones and time schedule and cost indications 3.4 The project team 4. Budget plan Evaluation criteria: Technological innovation (1x) Market potential (1x) Project plan (2x) The team (2x)