Finding a way or making one. Labor’s headquarter is in Rome Labor

Finding a way or making one


Labor’s headquarter is in Rome

Labor



Labor’s headquarter is in Rome


Private research company founded in 1998.

Electronics and Automation:

with a mechanical workshop for prototypes manufacturing


Private research company founded in 1998. Chemical and Industrial Processes Lab: which deals with synthesis and characterisation of

nanoparticles and industrial scale-up


Private research company founded in 1998. Innovation Management and Marketing


SME Instruments: how it works

Strategic positioning

R&D driven

projects

Horizon 2020SME instrument

Target: Business innovation motivated SMEs

Eurostars 2Target: R&D

intensive SME

Horizon 2020Collaborative

ResearchTarget: R&D topics

Market opportunity

driven projects


SME Instruments: expected technology readiness level

TRL 1 – basic principles observed and reported TRL 2 – technology concept and/or application formulated TRL 3 – Analytical and experimental critical function and/or characteristic proof of conceptTRL 4 – Technology validated in laboratory environmentTRL 5 – Technology validated in relevant environment (industrially relevant environment in the case of key enabling technologies)TRL 6 – Technology demonstrated in relevant environment (industrially relevant environment in the case of key enabling technologies)TRL 7 – System prototype demonstration in operational environmentTRL 8 – System complete and qualified through test and demonstrationTRL 9 – Actual system proven in operational environment


SME Instruments: how it works

0,5 to 2,5 M€


Phase 1: concept and feasibility analysis

Input: Idea/Concept in "Business

Plan I"(~ 10 pages)

Main Activities:

Feasibility of conceptRisk assessment

IP regimePartner searchDesign study

Pilot application

Output: elaborated "Business plan II"

Lump sum: 50.000 €

~ 6 months

Phase 2: Close to market activities

Input:

"Business plan II" + "Description of activities under Phase2" (~ 30

pp.)

Main Activities:

Development Prototyping Testing Piloting

Miniaturisation Scaling-up

Market replication

Output: investor-ready "Business plan III"

Output based payments: 1 to 2.5 M€ EU funding

~ 12 to 24 monthsNo direct funding

Phase 3: Commercialisation

Input: "Business plan III"

+

Opportunities:

'Quality label' for successful Phase 1 & 2

Easier access to private finance

Support via networking, training, coaching, information, addressing i.a. IP management, knowledge

sharing, dissemination

SME window in the EU financial facilities (debt facility and equity

facility)


Evaluation criteria

• Excellence • Impact• Quality and efficiency of the implementation


Who can apply?Only a single for-profit SME or a consortium of for-profit SMEs can apply for funding under the SME instrument. Other partners like research providers or larger companies can be involved as third parties, in general in a subcontracting relationship.

Is it possible for a start-up (without balance sheet) to apply? Start-ups are not excluded but the SME instrument is not meant as a company creation vehicle/instrument but rather supports the growth of the companies with interesting, innovative ideas bearing European or global potential.

To which extent can research and development activities be supported?The core of the work to be supported by this scheme concerns innovation activities and envisaging a TRL 6 and higher (or similar for non-technological innovations). However, some parts of the activities conducted may include some research and development.


How much is the co-financing rate?co-financing rate is 70% + overhead costs: flat rate 25%

How does the lump sum funding relate to the 70% co-financing rule?The lump sum for phase 1 has been established by the Commission on the basis of objective statistical means. The total eligible cost for a phase 1 project has been fixed at EUR 71,249. Applying the co-financing rate of 70%, the amount of the grant is established at EUR 50,000.

Is there an advance payment of grant money? Yes. For Phase 1, there will be an advance payment of 40% of the lump sum of EUR 50,000. The guarantee fund will however retain 5% of the total amount of the grant.


How we work: our business model is based on a Technology Push/Market pull paradigm. Each year we gather among European Research Centres a hundred of potential high impact technologies and business ideas with the aim of building a potential innovation portfolio for new product or services.

Technology Portfolio: 100 innovative technologies each year

Technology scouting


Preliminary selection based on

business analysis Selection of business partners

How we work: Once the portfolio is built, a preliminary evaluation and selection of the technologies/business ideas is performed on the basis of the success probability to obtain a grant.


Enterpreneurs

Project Proposal

Researchers

€0

Project Consortium

THE MOUSE

How we work: Once the business ideas have been selected, we gather all the textual contributions from the companies in order to build a business model on the product concept. In the final stage we take care of the proposal wording. At this stage the services are free for the proponent company.


Project proposal

THE MOUSE

The SMEs Instrument: how it works

Once the proposal is complete, we take care of its submission to the EC on behalf of the proponent company for the access to Phase 1.


Proponent SME

€50K


If the proposal is elected for funding, the next stage is the phase 1: the EC finances the consortium with a lump sum o about 50 thousand Euro in order to prepare a feasibility study mainly focused on the cost benefit analysis and the business plan.

Phase1: Cost/Benefit Analysis


Proponent SME

€50K

The SMEs Instrument: how it worksThe Business Plan and the Cost Benefit Analysis is the main task of the phase 1 which lasts about 6 months. In collaboration with companies involved in the project, we develop the final Report of the phase1.



Once the Report is ready and supervised by the Consortium, we submit the file to the EC’s evaluators.


Project Consortium (even a single SME)

0,5 - 2,5M€


If the Report convinces the EC’s evaluators that the product or the service could be a good innovative business, the Consortium gains the access to the phase 2 with a budget in the range of 0.5 to 2.5 Million Euro.


Phase 2: R&D project

8% Management

10% R&D

72% Demonstration

10% Dissemination

SMEs & Subcontractors




Budgetdistribution


Phase 2: R&D project

Reports

SMEsPrototypes



Company/s

Engineering&

Marketing

Venture Capital

The SMEs Instrument: how it worksThe last stage is the phase 3 in which the participant companies get in touch with the private equity funds for the commercialisation phase of the product.


For any further question:

Alessandro [email protected]: alessandro.rufo.laborMob. +39 349 75 97 260

Documents

Finding a way or making one. Labor’s headquarter is in Rome Labor