1. INNOVATION VOUCHER INITIATIVE INNOVATION PARTNERSHIP PROGRAMME Funds & Expertise for R&D IRDG Event - Galway 21 September 2012 Declan McGee

3. Innovation Vouchers Initiative Builds Links between Small Businesses and Knowledge Providers The €5,000 Innovation Voucher can be exchanged for Advice and Expertise from the Knowledge Providers Typical uses include: New Product Design / Development New or Improved Production Process New Business Model Development New Service Delivery / Customer interface

4. Company Eligibility All Small Enterprise ( Less than 50 Employees, Turnover/Balance Sheet < €10m) Restricted to Registered Limited Companies Two 100% Funded Vouchers per Company One 50-50 Co-Funded Voucher per Company

5. Company Eligibility All Small Enterprise ( Less than 50 Employees, Turnover/Balance Sheet < €10m) Restricted to Registered Limited Companies Two 100% Funded Vouchers per Company One 50-50 Co-Funded Voucher per Company (3 calls per year – current call closes on 30th September) (applications accepted anytime)

6. CountyTotal201220112010200920082007 Galway247375357432631 Leitrim4994128115 Mayo79819 15612 Roscommon5081510386 Sligo744191715109 2012 Statistics 450 vouchers awarded 346 redeemed

8. More information Michael Dolan (mike.dolan@enterprise-ireland.com) Mary Cahill (mary.cahill@enterprise-ireland.com) www.innovationvouchers.ie

10. PROGRAMME OVERVIEW PROGRAMME PERFORMANCE WHO? WHO USES THE PROGRAMME?

11. The Innovation Partnership Programme supports the company through funding towards the cost of accessing top Irish Academic Institutes to do R&D work relevant to the company. A company has identified a commercial opportunity for an innovative product, process or service that they need to develop. Who uses this Programme? That company does not have the relevant resources in terms of skills, experience, headcount or revenue to manage the R&D work alone. GAP

12. A Company based in Ireland... …. that has challenges to meet, problems to solve or is targeting new or improved products, processes, services, knowledge or know-how…

13. …can access expertise from research teams in institutes across Ireland…

14. Programme Overview Open to all agency affiliated Irish-based CompaniesDevelop new, novel or innovative products, processes & services50+ proposals funded last yearAverage project value is €130K rising to €250K and higherEnterprise Ireland can provide up to 80% of the cost of the research

15. Innovation Partnership Programme Evaluation 71% of participant companies surveyed said that their objectives were largely or fully achieved 2/3 of clients transformed their marketing plans after completing their projects 96% of respondents would be willing to recommend the Programme to other businesses Each €1 of funding invested by EI delivered €7.71 Net Turnover Impact at company side * *External Impact Evaluation (2011) *Independent Evaluation by Frontline Consultants (UK )

16. Industrial Collaborative Experimental Collaborative Every company partner will be expected to pay 20% of the project costs in cash 80% 60% 75% 50% Type of Research Small Company Medium Company Large Company 65% 40%

17. Small 1–50 employees Annual Turnover and/or Balance Sheet Not exceeding €10 M Medium 50–249 employees Annual Turnover Not exceeding €50 M Balance Sheet Not exceeding €43 M Large Greater than 250 employees Annual Turnover Greater then €43 M If a company is part of a group the employee, turnover, annual balance sheet and ownership limits apply to the group.

18. Innovation Partnership Process Outline Proposal Full Proposal IRCC Commercial Logic Programme Remit Good Academic Match DA IPP Team Technical Assessor Commercial Assessment Programme Remit Technical Assessment

19. Innovation Partnership ProcessFeasibility Study Facility Feasibility Study Full Proposal Technically Feasible Clustered Projects De-Risk Tasks 100% EI Funded Not a ‘Bigger Voucher’! €9,000 2 weeks to 6 months Fast ApprovalMap IP Landscape Agency Approval Required

20. More information Declan McGee T: 01 7272668 M: 087 9809883 E: declan.mcgee@enterprise-ireland.com Cormac Cantwell T: 7272517 E: cormac.cantwell@enterprise-ireland.com Web: www.enterprise-ireland.com/ipp

21. Video

23. Enterprise Ireland recommends that the college own the foreground IP with appropriate licensing rights assigned to the other partner. However, Joint Ownership of the Foreground IP by the company and college will be accepted if several conditions are met: i. The company must not be Early Stage, Start Up, pre-HPSU or HPSU. ii. The company must have inputted a pro-rata amount of Background IP into the creation of the new Foreground IP as the academic partner.