UK: IP venture fund UK
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Transcript of UK: IP venture fund UK
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UK: IP venture fund UK
UK: UMIP Premier Fund
Sweden: Chalmers Innovation
Belgium KU Leuven CD3
Latvia: Imprimatur Capital, Seed and VC fund
Sweden: Karolinska Development
3T (Telecoms Institutes)
EIF TT Transactions
France: Inria IT2: Digital technologies
Bulgaria : LaunchUpStart-up accelerator
Greece: Openfund, Seed Fund
UK: Cancer Research Technology
Elaia (Applied Maths – ENS, Dauphine, Collège de F, X)
Business Creation and Acceleration
Research commercialisation / TT
Bulgaria : Eleven Start-up accelerator
Greece: Piräus Fund, Seed Fund
Lithuania: Practica Incubator and follow-on fund
Lithuania: Strata/Mes Business Angel Co-investment fund
Belgium: NausecaBusiness Angel fund
1France: Institut Pasteur /
IRT LyonInfectious diseases /
vaccines
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Knowledge Transfer Strategic Partnership
Established in Rome - 16 June 2010 – link with LTIC
Open initiative to jointly design Knowledge Transfer solutions
EIB Group and public long-term financial institutions from Austria, Finland, France, Germany, Italy, Poland, Spain, Sweden, Turkey, UK
Work on IP, POC, Business Angels
Partners
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EU 2020 Agenda: Europe's Social MarketEconomy for the 21st Century
■ Remove obstacles to knowledge transfer (excessive risk, lack of financial resources, lack of qualified human resources) by
■ facilitating access to adequate financial resources, financial structuring, technology risk assessment and
■ encouraging the private sector to invest
Plan for Action Technology Transfer
Active EIF support of EU core objectives through Tech Transfer initiatives
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Proof of Concept is key to the EU innovation ecosystem
■ POC dedicated instrument addresses weak link in EU2020 Strategy: match research and market
Beyond traditional linear thinking of research commercia- lisation – towards innovation networks and ecosystems
Design based on concrete EIF experience in this challenging market segment
Market failure: EC funding on non pari-passu terms is critical
to setting up PoC fund
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Investment Facility (not a subsidy programme)
Imperative of commercialisation: industry/investment community is involved from the earliest stages
Rigorous governance: professional, independent decision-making at every step
Legal robustness, simple, cost-effective
Key features
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Investment strategy
Geographical coverage EU with pre-agreed targets for countries of the
sponsors Investments targets
Proof-of-Concept funding (POC compartment EUR 20-200k/investment, POC+ compartment up to EUR 750k/investment)
Seed equity, up to EUR 3m per investment Deal flow
Leading EU academic partners Deal Flow hub in target countries (East, South)?
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Investing in Europe’s academic POC gap
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~ 1500 PROs without systematic / access to POC investment – no grants
JRC-RTD / EC
Technology Transfer Finance Facility
Preferred Partner
LTIC / KTSP
Key value addsamounts (up to EUR 3m in
three stages)speed (< 2 months decision
time) investment rigour
Pan-European scope and perspective –
competition amongst Europe’s best
At the centre of an ecosystemIP sharing/cross licensing
training /mobility/exchange of good practices /innovationentrepreneurship training
Proposal under consideration by
by EC RTD
Strategically compelling
start with ICT-focussed platform
need for BusDev / coaching offer