• Founded in 2007 by Principal Karen Dunne
• Experienced Chartered Management Accountant
• 20+ years in Senior Management
• Business Sectors – ICT, FMCG, Construction, Manufacturing, Sales & Distribution, Public Sector, Cleantech
• Outsource Financial Solution to the SME company
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Support Services
• Strategic Business Plans
• Financial Management
• Project Management
• Grant Application and management
• Proposal Preparation and submission Horizon2020
• EU Commission audit preparation and coaching
• Revenue Audit Preparation
• Due Diligence Preparation
• Investment Memorandum Preparation
• Budget & Internal Control systems
• Research & Development Tax preparation
• Company Secretarial & Corporate Governance
• Revenue – Debt management Planning
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Horizon 2020 - €80 billion of funding
SME Instrument - €3 billion
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What is the SME Instrument?
• Only grant programme whereby a SME can enter a project alone or with other SMEs
• Designed specifically to support innovative SME companies who have experienced difficulty securing funding due to the high risk nature of their products or services, i.e. unproven technology
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Who can apply?
• REGISTERED FOR-PROFIT SME COMPANY
• < 250 EMPLOYEES ,TURNOVER <€50M / BALANCE SHEET < €43m
• NEW INNOVATIVE IDEAS, PRODUCTS/SERVICES WITH POTENTIAL FOR GROWTH AND INTERNATIONAL COMMERCIALISATION
• TECHNOLOGY READINESS LEVEL 6 i.e. Technology has been demonstrated in a relevant environment
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Funding Supports Available
•€5000 Enterprise Ireland Innovation Voucher Scheme
•Available to SME Companies not previously involved in FP7 Projects
•20% - SUBCONTRACTED TO INDUSTRY EXPERT
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Phase 1
Concept and feasibility
assessment
Phase 2 Demonstration,
Market Replication, R&D
Phase 3
Commercialisation
Lump sum:€50kDuration 6mths3 days coaching
€500k-€2.5m12- 24mths12 days coaching
No Direct funding
SME INSTRUMENT
Themes for 2014-2015
In 2014 and 2015 the SME Instrument will sponsor SMEs operating within 13 themes:
• High Risk ICT innovation
• Nanotech, or other advanced tech for manufacturing• and Materials
• Space research and development
• Diagnostic devices and biomarkers
• Sustainable food production and processing
• Blue growth
• Low carbon energy systems
• Greener and more integrated transport
• Eco-innovation and sustainable raw material supply
• Urban Critical infrastructure
• Biotechnology-based industrial processes
• Mobile e-government applications (2015 only)
• SME business model innovation (2015 only)
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Chances of Success???• Highly competitive grant programme
• +4,600 applicants to date
• 6% success rate in June cut-off,
• IRELAND ACHIEVED 20% SUCCESS RATE
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• Too much focus on project , not enough on business opportunity• Not convincing when describing the company• Not enough information on competing solutions• Too low level of innovation• No concept for commercialisation• Trying their luck……
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Timeline 2014/5
• 17 Dec Cut-off Phase 1 & 2
• 18 Mar Cut-off Phase 1 & 2
Further [email protected]: + 353 (0)87 768 1633
