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HORIZON 2020 Budget and financial instruments Dr. E. Kakaras Prof. NTUA.

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Presentation on theme: "HORIZON 2020 Budget and financial instruments Dr. E. Kakaras Prof. NTUA."— Presentation transcript:

1 HORIZON 2020 Budget and financial instruments Dr. E. Kakaras Prof. NTUA

2 Contexts What is Horizon 2020 Breakdown of the Horizon 2020 Budget Horizon 2020 and partnering Horizon 2020 financial instruments

3 What is Horizon 2020 Initial Commission proposal for a €80 billion research and innovation funding programme (2014-2020); now just over €70 billion A core part of Europe 2020, Innovation Union & European Research Area: Responding to the economic crisis to invest in future jobs and growth Addressing people’s concerns about their livelihoods, safety and environment Strengthening the EU’s global position in research, innovation and technology

4 Breakdown of the Horizon 2020 Budget (2011 reference year) EUR million EU REGULATION (2014-2020) 77,606 I Excellent science, of which: 24,598 1. The European Research Council 13,268 2. Future and Emerging Technologies 3,100 3. Marie Curie actions on skills, training and career development 5,752 4. European research infrastructures (including eInfrastructures) 2,478 II Industrial leadership, of which: 17,938 1. Leadership in enabling and industrial technologies (+ICT) 13,781 of which 436 for EIT 2. Access to risk finance (part of budget may go to SETPlan, SMEs) 3,538 3. Innovation in SMEs 619 III Societal challenges, of which 31,748 1. Health, demographic change and wellbeing; 8,033 of which 254 for EIT 2. Food security, sustainable agriculture, marine and maritime research and the bio- economy 4,152 of which 131 for EIT 3. Secure, clean and efficient energy 5,782 of which 183 for EIT 4. Smart, green and integrated transport 6,802 of which 215 for EIT 5. Climate action, resource efficiency and raw materials 3,160 of which 100 for EIT 6. Inclusive, innovative and secure societies 3,819 of which 121 for EIT European Institute of Innovation and Technology (EIT) (through Art6(3) & 26(1) H2020 Regulation ) 1,360 + 1,440 Non-nuclear direct actions of the Joint Research Centre 1,962 EURATOM REGULATION (2014-2018) 1,665 TOTAL HORIZON 2020 79,271* * 729 M€ for Euratom programme subject to Commision proposal in appropriate time

5 Horizon 2020 and partnering Public private partnerships: Through Joint Technology Initiatives or other formal structures (Art. 187) Through contractual agreements, which provide inputs for work programmes Only when criteria met, e.g. clear commitments from private partners Public public partnerships: Through « ERA-Nets » for topping up individual calls/actions (replacing current ERA-Net, ERA-Net Plus, Inco-Net, Inno-net) Through participation in joint programmes between Member States (Art. 185) Supporting agendas of Joint Programming Initiatives when in line with Horizon 2020 Only when criteria met, e.g. financial commitments of participating countries European Innovation Partnerships: Not funding instruments, but for coordination with broader policies and programmes

6 Horizon 2020 financial instruments Part of the Horizon 2020 budget will not be provided through grant funding but in the form of risk-sharing (for loans and guarantees) and by providing risk finance (equity), aiming to Stimulate more investment in research and innovation, notably by the private sector Horizon 2020 “Access to risk finance” (sum) programme comprised of : – Debt instrument – Equity instrument – Accompanying measures

7 Horizon 2020 financial instruments Debt finance: Loans Service for R&I ("RSFF II"): Loans and guarantees for investments in Research & Innovation; targeted at midcaps, larger companies, research institutes, stand-alone projects, PPPs, other entities; particular approach for innovative midcaps; loan amounts above EUR 7.5 million SME & small midcaps R&I Loans Service ("RSI II"): Loan guarantee facility for loans to research-intensive and innovative SMEs & small midcaps; loan amounts between EUR 25,000 to 7.5 million SME Initiative (under development, called by the June European Council): Joint Guarantee Instrument/ Securitization for loans to (innovative) SMEs and small midcaps; joint approach involving European Structural & Investment Funds (ESIF), HORIZON 2020 and COSME, with crucial support of EIB Group and Member States

8 Horizon 2020 financial instruments Equity finance: Early stage finance for innovative enterprises (notably seed and start-up companies); limited growth-stage finance also possible (successor to GIF-1) Pilot facility for technology transfer (under development) to bring R&D results from public research organisations and universities to the market (licensing; creation of spin-off companies) Accompanying measures: Technical and financial assistance (of EIB); improving investor readiness of start- ups, SMEs and small midcaps; piloting coinvestment by Business Angels; prizes for best practices in R&I finance etc.

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