1. 09/05/20151 EIB Value-added to e-infrastructures, data networks and e-services Presentation APA Conference 6-7 November 2012 European Space Agency/ESRIN - Frascati A.Calvia-Götz

2. 09/05/20152 Table of Contents 1.Beneficiaries of EIB funds 2.Eligible costs to EIB financing 3.Main challenges in financing e-INS 4.Key issues on the “market-gaps” of e-INS 5.How to create value 6.How to deliver value-added 7.Conclusions –Most of the e-INS are located in EU.

3. 6/11/20113 1. Beneficiaries of EIB funds for e-Infrastructures, Network and Services (e-INS) Public and private counterparts must meet a suitable credit rating They must be legal entities with borrowing capacity The e-INS project must be Technically/economically and financially viable If projects are over EUR 50 million – direct appraisal Research networks/ databanks Data preservation archives Universities Research infrastructures/projects All data related investments Public Research Organisations ITC programme/projects Cloud computing systems and services Companies or Consortia ITC programmes and projects Hardware and software New architecture solutions Public private partnerships

4. 09/05/2015 4 2. e-INS Eligible costs to EIB financing Tangibles Building: Library Equipment: data warehouse Intangibles Research Personnel Research costs Databases IPRs Licences Patents

5. 09/05/20155 3. Main challenges in financing e-INS Timing/sufficiency of public budget commitments  High uncertainty in financial commitments at the outset  Gaps in “full cost financing” strategy Project definition and costs: the “uncertain value”  Estimates are very optimistic  Significant cost overruns possible  Technical changes impact financial sustainability Short horizons of operating budgets  e-INS require long-term financial planning  Public budget approvals are multi-annual Mismatch of financing needs/requirements

6. 09/05/20156 4. Key market gaps for financing e-INS Not well-defined funding models  Funding partners provide often in-kind contributions  Annual memberships are limited funds  Only few national partners commit funds over long time horizon  EU funds support only initial phase e-INS organised as “weak” legal entity (University or Consortia)  These are not financially acceptable counterparts, without public support to reinforce financial sustainability Complexity to deal with private e-INS  Financial risks could be very high Investments might be not sufficient, as financially these are not profitable projects and pose high risks

7. 09/05/20157 5. Economic value in financing e-INS: Example Work early on with e- INS projects to find “ad-hoc solutions” for good projects that serve societal needs Understand financing needs and legal structures to address the hurdles Agree on required financial support to minimize risks/uncertainty

8. 09/05/20158 6. How to deliver Value-added EIB value-added  Allow to spread financing over time  Avoid that austerity “blocks” e-INS projects  Provide expertise and not only funding  Define “tailored e-INS engineering solutions”. For example the new RSFF (Risk Sharing Financing Facility) Bridge a gap between vision in many fields of science and delivery of advanced e-services

9. 09/05/20159 7. Conclusions If all hurdles are managed, EIB Financing could contribute to success stories  To impose financial/technical/economic feasibility at the outset  To finance/monitor project performance until completion  To ensure long-term commitment of stakeholders  To promote good e-INS projects

10. 09/05/201510 Thank you