december 20111 jp sammut director, euromediti - technology commercialisation commercialisation...
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December 2011 1
JP SammutDirector, EuroMedITI - Technology
Commercialisation
Commercialisation Programme 2012Information Session
Commercialisation Programme 2012 Scope
March 2012 2
The Programme will help participants access specialist advice to prepare a viable business plan for their technology to be ready for, and attract, capital investment. The programme is most suited for those new to commercialisation who believe that their technology has commercial potential, but are unsure what to do next.
The funds will be allocated on the basis of a public call for proposals and an external peer review system.
March 2012 3
The National R&I ProgrammeProgramme Participation
Programme TotalProposals
RequestedFunding
Available Budget
TotalProjects Funded
RTDI 2004 85 €7.0M €700K 15
R&I 2006 58 €7.0M €930K 7
R&I 2008 40 €5.4M €700K 7
R&I 2009 17 €1.5M €300K 3
R&I 2010 40 €5.8M €700K 5
R&I 2011 40 €5.8M €1.1M 8
March 2012 4
• Focus on 4 Priority Areas1. Environment and Energy Resources2. Information and Communications
Technology 3. Value-added Manufacturing and Services4. Health and BioTechnology
• Typical Project Activities•Business and IP planning; •Commercialisation validation; •Capital sources and •Business linkages
Commercialisation Programme 2012Focus
March 2012 5
• Participant – An Individual Organisation or a team of Members
• Members can be academia, public, private, NGOs - eligible for funding
• Foreign entities eligible but not funded
Commercialisation Programme 2012Participation
March 2012 6
• Eligible Direct Costs– Technical personnel– Project Management– Travel, networking, dissemination,
externalization– Subcontracting– Other Expenses related to the project (e.g.
Demonstration set-ups)
• Eligible Indirect Costs– 10% of eligible costs, excluding subcontracting.
Funding ModalitiesEligible Costs
March 2012 7
• Ineligible Direct Costs– Product Development– Equipment– Expenses related to loans, interest, etc – Recoverable value added tax.– Expenses which are recoverable
through other funding mechanisms
Funding ModalitiesIneligible Costs
March 2012 8
Process
• Written Proposal submission
• Shortlisted Participants Advised
• Shortlisted Participants Presentation
• Funding offered to successful Participants
25/04/2012, noon
25/04/2012, noon
30/05/2012
30/05/2012
14/06/2012
14/06/2012
27/07/2012
27/07/2012
March 2012 9
1. Programme Objectives– Degree of fit with priority sectors– Meeting a market opportunity
2. Status– Technology Development– Product Development– IP Agreement– Business approach– Proposes suitable actions
Four Evaluation Criteria
March 2012 10
3. Quality of Participant– Participants have necessary knowledge and skills– Balanced participation and funding
4. Potential Impact– Application and uses of technology/ product – Degree for potential Commercialisation.– Roadmap for realisation of benefits– Spillover effects on local economy– Other Benefits
• Cost Reduction• Licensing• Networking• Organisational Benefits
Evaluation Criteria cont.
March 2012 11
• Project funding: €25K – €75K
• Project duration: 6 – 12 months
• Funding levels– Public, Academic, NGO: 100%– Business: 75%
Funding ModalitiesProject Funding
March 2012 12
• The share of the project costs between the Members in the project Participant reflect the ratio of IP share as detailed in the IP agreement
• Ownership of IP and all rights rests with participants
Project ConsiderationsIntellectual Property (IP)
March 2012 13
Funding ModalitiesAllocation of funds
• Typical Initial advanced payment 80% unless split into stages- where next stage funding depends on success of previous stage;
• Retention of 20% of total project grant depending on successful progress/ final reporting
March 2012 14
• Participants must maintain separate financial accounts and separate bank account
• Actual costs with fiscal receipts
• Costs determined in accordance with usual accounting and management procedures
• Expenses must be consistent with principles of economy, efficiency and effectiveness
• Refundable expenses limited to allocation
Project ConsiderationsFinancial Considerations
March 2012 15
Project ConsiderationsDuring Project
• Need for professional record keeping and auditing
• Significant events – inform MCST
• Withdrawal of member – agree with MCST for reallocation or replacement
• Default – MCST entitled to withdraw funding and claim refund
March 2012 16
• Electronic Submissions to commercialisatiion.mcst@gov.mt
• OneOne single application file in Ms Word (.doc) format (without signatures)
• OOnene single application file in Portable Document Format (.pdf) (includes a scanned signed copy of the Participant Details Section for each participant + initialisation of every page)
• OneOne single Technology Profile file in Power Point (.ppt) format (without signatures)
• Files limited to 5MB per file
• All received proposals acknowledged by email
Submissions of Proposals
March 2012 17
Commercialisation Programme 2012State Aid
• Operates under de minimis state aid regime:– Projects in fisheries, aquaculture and agriculture
ineligible– Industry to ensure they do not exceed allowable
limit of aid (€200K gross over 3-year period)– Necessary reporting required
• Double funding not allowed – checks are conducted
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