Fast Track to Innovation

A €3 Million Opportunity

FreeMind Group, LLC September 1, 2015

About FreeMind

The largest international consulting firm, specializes in non-dilutive funding

Optimizing non-dilutive funding potential

Est. 1999

45 Fulltime Employees

Diverse client base: Key industry players from small start ups to large corporations in various technological fields

Extensive experience in submitting and winning large scale projects

Over $1.5B in cumulative awards

FreeMind Group, LLC September 1, 2015

Horizon2020

- European Framework Programme for 2014-2020

- 79 Billion Euro total available funding for research and innovation

- Goals –

- Responding to economic crisis

- Enhancing people livelihood, safety and environment

- Strengthening the EU’s global position in research, innovation, and technology

- Societal Challenges – Health, aging population, transport energy efficiency,…

FreeMind Group, LLC September 1, 2015

Participating Countries

FreeMind Group, LLC September 1, 2015

Horizon2020 Structure

FreeMind Group, LLC September 1, 2015

Consortiums under Horizon 2020

- Most funding go to consortiums (minimum 3 independent participants from 3 different states –

- most consortiums include more than 5 participants

- In past FPs – most actions are targeted at basic research and development

- Horizon2020 – Enhanced support in close-to-market applications

- SME Instrument

- FTI

FreeMind Group, LLC September 1, 2015

Fast Track to Innovation

- No pre-defined topic – all technological fields are supported

- Continuously open call with 3 cut-off dates per year

- Today (1/9/15), next one is on 1/12/15, next year TBD

- Pilot Program - € 100 Million per year during pilot (2015-2016)

- Open to all legal entities (For-profit, NGO, Academic, Government)

- Advanced and specific research and development activities, standard setting and advanced performance testing / piloting / demonstration activities, validation of solutions in real working conditions / certification, business model validation

- Funding – 70% for industry participants, 100% for academic/non profit (+25% overhead)

- Total Grant - € 3 Million (24 months)

September 1, 2015 FreeMind Group, LLC

Eligibility

• Requires consortium of 3-5 participants

• Private for profits > 60% of budget

or

• Private for profits are at least 2 in a consortium of 3-4

or

• Private for profits are at least 3 in a consortium of 5

• First time applicants and SMEs are specifically

encouraged

FreeMind Group, LLC September 1, 2015

Technology Readiness Level

September 1, 2015 FreeMind Group, LLC

TRL 1 – basic principles observed TRL 2 – technology concept formulated TRL 3 – experimental proof of concept TRL 4 – technology validated in lab TRL 5 – technology validated in relevant environment TRL 6 – technology demonstrated in relevant environment – - Requirement for SME Instrument TRL 7 – system prototype demonstration in operational environment TRL 8 – system complete and qualified TRL 9 – actual system proven in operational environment

Program Overview

September 1, 2015 FreeMind Group, LLC

Evaluation Criteria

1. Excellence 1. Clarity and pertinence of the objectives; 2. Credibility of the proposed approach; 3. Soundness of the concept 4. Extent that proposed work is ambitious, has innovation potential, and

is beyond the state of the art 2. Impact (X1.5 importance)

1. Enhancing innovation capacity and integration of new knowledge; 2. Meeting the needs of European and global markets 3. Environmental and socially important impacts; 4. Effectiveness of the proposed measures to exploit and disseminate the

project results (including IP) 3. Implementation

1. Coherence and effectiveness of the work plan, including appropriateness of the allocation of tasks and resources;

2. Appropriateness of the management structures and procedures, including risk and innovation management.

September 1, 2015 FreeMind Group, LLC

Evaluation Process

• Eligibility check

• Allocation to 3-4 independent evaluators – mostly business

background (fully remote)

• Funding Threshold - 12 out of 15 overall , 4 out of 5 for impact

• Automated aggregation of individual assessment reports will result in

evaluation summary report (no consensus meeting)

• Short feedback

September 1, 2015 FreeMind Group, LLC

Success Statistics

September 1, 2015 FreeMind Group, LLC

• Success rates are low – 16 out of 268 proposals received funding after the first cut off (6%)

• 9 out of the 16 winning proposals (56%) included 5 participants • Winning proposals in the fields of: hardware, software, health, food,

energy and environment • No Israeli beneficiaries

Examples for winning proposals

September 1, 2015 FreeMind Group, LLC

ISERD support fund

September 1, 2015 FreeMind Group, LLC

• ISERD is the Israeli directorate and national contact point for Horizon2020. The goal is promote Israeli entities to participate in Horizon2020

• Funding – up to NIS 30,000 grant, 75% of eligible expenses • No need to win Horizon2020 grant, only to submit

eligible applications • Only for SMEs • Every eligible applicant receives the grant • Expenses – travel to meet participants, participation in

partner matching events, grant preparation consultants

Comparison SME Instrument Vs. FTI

FreeMind Group, LLC September 1, 2015

SME Inst. FTI

70% except for diagnostics

70% for industry 100% for public/academy

Funding

Only SMEs 3-5 participants – industry intensive

Eligibility

6%-20% ~6% Success Rate

No Yes Grant preparation

reimbursement

13 specific calls Unlimited Topics

6 6 TRL required

Thank you!

Ishai Shamir

Senior Consultant and Manager of Consulting services +972-2-6799833 ext. 213 ishai@freemindconsultants.com www.freemind.co.il

FreeMind Group, LLC September 1, 2015