How to succesfully obtain a Valorisation Grant
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How to succesfully obtain aValorisation Grant
October 11th, 2012Stefan JongeriusWouter Segeth
Img src: www.technologie.at
Mission STW
Est. 1981Enabling 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
TUD26%
TU/e18%
UT16%
UU7%
WUR7%
UL6%
RUG5%
Radboud5% UvA
3%
Institutes3%
VU3%
Erasmus 1%
Participation knowledge-institutions in STW-programs (OTP, Perspectief & Vernieuwingsimpuls) based on running projects in 2009
Universities involved
Agro-food3%
Horticul-ture, seed
materi-als4%
Chem-istry9%
Energie7%
HTSM45%
Creative industry
1%
Logistics1% Life sciences & health
27% Water4%
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. 2011
income expenses
10,5MNWO other Vernieuwingsimpuls
31,7M Open Technology ProgramNWO, OCWbasic funding
23,0M PerspectiefEL&I
9,5MPartnership & Valorisation GrantCo-finance & transfer fees
€ 74,7M
STW Instruments
31,7M€
10,5M€
23M€4M€5,5M€
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
Technology transfer
Valorisation Grant
Partnership
OTP
Perspectief
Demonstrator
Proo
f-of-P
rincip
lePr
oof-o
f-Con
cept
Prot
otyp
ePr
e-se
ries
Prod
uct
PrivatePublic
ResearchOTP
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 25.000€
• To prove the technological
and commercial feasibility
Phase 2: Valorisation
• Grant up to 200.000€
• Transition from public
research to private
business
Phase 3: Commercialization
• Business running
• Private funding
New technology leading to new business from public to private
Valorisation Grant
STW Valorisation Grant
Started in 2004. 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 GrantPhase 1: Feasibility study• to show technical feasibility• to show economical / commercial feasibility• maximum: 25.000 euro
Phase 2: Valorisation phase • proof of concept• to raise venture capital • to serve first customers• maximum: 200.000 euro
Phase 3: Commercial phase• fully commercial operating company• privately funded, no public funding
Public
Private
Valorisation GrantWho 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 advantageStimulates 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 GrantVG 2004-2010 Phase-1 Phase-2
Submitted Granted
Submitted
Granted
Life Sciences148 60 45 16
High-tech systems 127 59 37 20
ICT80 31 26 15
Chemistry31 16 14
4
Total386 166 122 55
Impact Valorisation GrantVG 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 applicationContent1. Contact details2. Business idea
2.1 The problem2.2 The proposed solution2.3 Innovative aspects2.4 Commercial aspects2.5 The IP position
3. Project plan3.1 The aim of the project3.2 Description of work3.3 Milestones, time schedule
and cost indications3.4 The 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 applicationContent1. Contact details2. Business development plan
2.1 The business idea2.2 The product development plan2.3 Market and competition2.4 Business organisation2.5 IP position and strategy
3. Project plan3.1 The aim of the project3.2 Description of work3.3 Milestones and time schedule and cost indications3.4 The project team
4. Budget plan
Evaluation criteria: • Technological innovation (1x)• Market potential (1x)• Project plan (2x)• The team (2x)
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