Enterprise Directorate General European Commission Brussels, 30 October 2002 NCP Jean-Noel Durvy Innovation Policy Unit Enterprise Directorate-General.

Enterprise Directorate General

European Commission

Brussels, 30 October 2002

NCP

Jean-Noel Durvy

Innovation Policy Unit

Enterprise Directorate-General

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Innovation policy development

Main sources of funding :

• FP6 specific programme “integrating and strengthening the European research area”.

• third block : strengthening the foundations of the European research area.

• second chapter : support for the coherent development of policies.

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Innovation policy development

Three lines of action :

• analysis and studies : work relating to statistics

• benchmarking of innovation policies

• improving the regulatory and administrative environment

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Innovation policy development

Three main instruments :

• statistical surveys

• analysis and studies

• trend chart

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Analysis and studies

• analysis of the administrative and regulatory environment

• sectoral analysis

• the enlargement of the Union and the international dimension.

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Tool for Innovation policy analysis

• Examine factors and conditions behind innovation.• Basis for the formulation, monitoring and analysis of

innovation policy.• Stimulate an informed debate on the issues

reviewed.• Selection of authors through competitive call for

tenders.• Independent surveys commissioned by the

Innovation Directorate.

November 2002

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Results achieved until November 2002

6 issues addressed in 23 studies until November 2002 :

• Innovation Policy Innovation tomorrow

• Geographical Issues Innovation policy issues in six candidate countries : the challenges

• Technology Transfer Getting more innovation from public research.

• Innovation Management Enforcing Small Firms’ Patent Rights.

• Innovation Finance Corporation tax and innovation : Issues at stake and review of European Union experiences in the nineties

• Communication and awareness Building an innovative economy in Europe

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Dissemination of results

• Publications edited by OPOCE.

• Publications and working papers available in CORDIS website : http://www.cordis.lu/innovation-smes/src/studies.htm

• Periodical reviews of past and current studies’ findings in publications such as ITT , Enterprise Europe Newsletters, etc

• Presentation of results in conferences, workshops,etc

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Timetable

• first call : first half of 2003

• in principle, an annual call for tenders

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Examples of possible studies

• innovative public and private financing mechanisms

• interaction with other policies (education, regional, etc…)

• IPR system, competition, rules etc...

Enterprise Directorate General

European Commission

The European Trend Chart on Innovation

Jean-Noël Durvy

Innovation Policy, Head of Unit

DG Enterprise, European Commission

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Three complementary instruments:

• European Innovation Scoreboard– 17 indicators based on available statistics

• Analysis of Innovation Policy Measures– Data base of > 600 schemes on the web– Country reports; Trend reports

• Consultation of Policy Makers at the EU level– Peer reviews on specific themes

The “Innovation Trend Chart”

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The European Innovation Scoreboard

• A request of the Lisbon Council (03/2000)

• Policy tool to compare national innovation performances

• Part of a much broader benchmarking exercise of the Commission

• Published yearly (next edition: 12/2002)

The 2001 Innovation Scoreboard

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Fig. 1 Overall country trends by innovation index

P

I

A

F

D

NL

UK

B

GR

E

L

IRL

DK

FIN

S

-10

-8

-6

-4

-2

0

2

4

6

8

0 10 20 30 40 50 60

Average percent change (95/97 - 99/2000)in the trend indicators

Su

mm

ary

in

no

vati

on

in

de

x

2. Losing momentum 1. Moving ahead

4 Falling further behind 3. Catching up

Overall Country Trends by Innovation Index

The 2001 Innovation Scoreboard

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The 2002 edition of the Scoreboard

• Data from the “Community Innovation Survey” delayed

• No “summary innovation indicator”

• But data from Associate countries, Accession countries and EU regions

• Expected publication date: beginning of December 2002

The 2002 Innovation Scoreboard

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Trend Chart database (1/2)

Austria: 43

Belgium: 49

Denmark: 15

Finland: 16

France: 27

Germany: 70

Greece: 51

Ireland: 28

Italy: 37

Luxembourg: 7

Netherlands: 41

Portugal: 29

Spain: 29

Sweden: 19

UK: 57

Total EU: 518

Information collected on 729 schemes :

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Trend Chart database (2/2)

Candidate CountriesCyprus: 23Czech Republic: 11Estonia: 17Hungary: 28Latvia: 45Lithuania: 14Poland 7Romania 18

Slovak Republic: 3Slovenia: 8

Total CC: 174

Associated CountriesIceland: 3Israel: 5Norway: 29

Total AC: 37

Grd Total: 729

Information collected on 729 schemes :

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“Peer reviews” of innovation policies in 2002:

• Spin-offs from universities and PRI’s• Corporate tax and innovation• Innovation policies in candidate countries• Life-long learning and innovation• Evaluations and trans-national policy

learning (on 27/28 November 2002)See: http://trendchart.cordis.lu/Benchmarking/index.cfm?

The “Innovation Trend Chart”

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www.cordis.lu/trendchart

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Launch of Gate2Growth

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The Gate2Growth Initiative

The Gate2Growth Initiative is a multi-disciplinary system of professional networks, tools, help desks, information services, etc. for innovative companies :

– Networks of :

• Early stage technology venture capital• Incubators, accelerators, tech seed funds • Industrial Liaison Offices of universities and research centers • Academia in enterprise and innovation policy

– Tools :• Webbased information and business planning toolbox• Business plan diagnostic and investor matching• Training, exchange and partnering events

The ultimate objective of the Gate2Growth Initiative is to support innovative entrepreneurs in Europe

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Thematic Networks (1/2)

Gate2Growth is the home for several networks of financiers, experts and service providers, supported by the Enterprise Directorate General of the European Commission :

• I-TecNet (target 70 members) the meeting place for early stage technology venture capital investors

• ProTon Europe (target 250 members)a pan-European network of Technology Offices linked to Public Research Organisations and Universities.

• Gate2Growth Incubator Forum (target 400 members)a pan-European network of professional managers of technology incubators and incubators linked to research institutes and universities.

• Gate2Growth Finance Academia (target 150 members)a pan-European network bringing together academics and researchers involved in innovation, finance and entrepreneurship

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Typical activities of TN (2/2)

• exchange of experience and good practicemoderated workshops on horizontal (eg. incubator management) and vertical (eg. biotech related) issues

• networking and event participation

• high tech cluster visits

• human resources developmentjunior staff participation grants to short courses at business schools and universities, cross-border secontment programme, doctoral track, etc.

• access to specific serviceseg. Eurotech Data information service ; eg. Matching service

• awards and prizeseg. incubator management award, case study competition, etc.

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Tools - Gate2Growth.com (1/6)

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Business Planning Toolbox (2/6)

• Online tutorials – guide2financing, glossary of financial

terms– news and event listing– service center directory of innovation

professionals

• Downloadable tools – Guide to Business Plan Writing – Guide to Financial Calculations– Budgeting Module– Guide to Financing Innovation

• Interactive Tools– an interactive Business Plan

Company profile module, guides the entrepreneur through a set of questions to develop a complete picture of the business

– discussion forums– training workshops and business

clinics

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Business Plan Diagnostic (3/6)

• Check, scoring and graphical representation :

– a rapid overview of the completeness of a business plan against a number of investment criteria

• The criteria vary : – from industry to industry – depend on the stage of development of the

business (R&D / start-up / early-stage / development / exit / MBO)

• The diagnostic includes :– observations, recommendations, guidance

as to elements in the Business Plan which need improvement in an extensive report

• The diagnostic does NOT represent a value judgement about :

– commercial, technical, financial or operational viability of the proposed business project or business model

Actual score

0

50

100

150

200

250

300

Completeness profile

Actual score

Max score

• The business plan diagnostic is performed by a team of experienced venture capital and investment professionals

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Database of investment opportunities (4/6)

How does it work ?

– Go to www.Gate2Growth.com and register your company or business plan

– registration requires general details, but does not surrender confidential information. The entrepreneur is in charge of the process

– upon completion of the business plan, the Gate2Growth.com team checks its interest with investment sources in Europe

– if the project meets concrete interest, the Gate2Growth.com team further checks if it presents the right characteristics. This may involve meeting the entrepreneurial team.

– based on this initial due diligence, the Gate2Growth.com team may propose to proceed with direct investor contact or suggest action to make the project investment-ready

– the service may rely on a success fee for confirmed investment deals. The entrepreneur is at all times in charge of the process. The Gate2Growth.com team will only proceed on this basis if there is concrete investor interest and if it feels confident in the project and entrepreneurial team that will be proposed to investors

• Listing a business plan in the database is for free and can significantly increase the chances of finding an appropriate investor

• Listing a business plan in the database enables the Gate2Growth.com team of investment professionals to spot the project and to check its interest with investment sources in Europe

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Matching (5/6)

Entrepreneur

• Industry (sub)segment• Management team• Nr. of employees• Development stage• Amount of capital• Type of financing• Investment round

Investor

• Investor type• Investment range• Industry (sub)segments• Regional focus• Investment strategy

Matching

Gate2Growth.com proprietary matching software will try to identify potential investors based upon their investment profile within the pan-European database designed to match supply and demand of risk capital.

Entrepreneurs are at all times in charge of the process, deciding which information investors are allowed to view.

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50 – 70 Potentialinvestors

20 – 25Relevantinvestors

4 – 6Interestedinvestors

Investment

Online screening and matching

Semi Automated matching

Personal assistance to matching

Month 1 Month 2 - 3

* Reduced search cost

* Improved hit ratio

Gate2Growth.com matching services (6/6)

* Shorter time to investment

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More information at your disposal

http://www.cordis.lu/finance/home.html

www.gate2growth.com

Gate2Growth.com contact:

[email protected]

Phone Belgium: + 32 3 220 4761Phone Denmark: + 45 39 307 307

Financing Innovation contact:

[email protected]

[email protected]

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PAXIS objectives

Specific objective

To contribute though a practical approach to

the identification, analysis, validation and

dissemination of local conditions of excellence

for the creation of innovative firms

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PAXIS impacts

Expected outcomes

• Support to the creation of innovative

start-ups through local stakeholders

• Enhance knowledge on the mechanisms of

start-ups creation

• Provide a sound basis for the definition of the

Community innovation policy

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PAXIS learning process

Target participants: local support

organisations

Learning instruments

• Network of regions of excellence

• Cross-border projects

• Accompanying measures

• Large events

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Learning process (network)

ANALYSIS & BENCHMARKING

JOINT ACTIVITIES

POOL OF ‘TACIT’ KNOWLEDGE

DISSEMINATION & COMMUNICATION PLATFORM

Region 4

Region1 Region 3

Region 2

AM2

AM1

Policy lessons

AwarenessShow case

Other networks

Other networks

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PAXIS results

General issues

• Setting-up of a dissemination and communication platform (European showcase and awareness raising tool)

• Implementation of a learning process on local successful models and practices (European regional champions acted as hot spots)

• Integration of local resources and schemes, by fostering joint activities (European Day of the Entrepreneur).

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Networking the key players and users and encouraging

interaction between them

• Connecting key players

• promote change and entrepreneurial innovation

• supporting measures

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Connecting key players

Key players :

• venture capital operators

• universities and research organisations (technology transfer)

• incubators

Interaction between players :

• integrated network of local excellence

• interaction between service providers and start-up representatives

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Promote change and entrepreneurial innovation

•Agenda for change :

cultural barriers, involvement of stakeholders and users, surveys of attitudes, action plans.

•Entrepreneurial innovation :

virtual academia, support packages, work on managerial concepts, dissemination of management practices, involvement of business schools, universities and entrepreneurs.

• Experimental activities :

to promote change and entrepreneurial innovation.