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STW Valorisation Grants: Do's and Don'ts
The document discusses the STW Valorisation Grant, which provides funding for researchers to develop innovative high-tech businesses based on university or research institute knowledge. The grant has two phases: Phase 1 provides up to €25,000 for a feasibility study, and Phase 2 provides up to €200,000 to implement the business plan over 2 years. Applicants must be employed by a university or research institute. Since 2004, 261 projects applied for Phase 1 funding, with 107 (41%) approved. Of those, 71 applied for Phase 2 funding, with 29 (41%) approved. The grant is part of the Dutch government's efforts to commercialize publicly funded research.
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STW Valorisation Grants: Do's and Don'ts
- 1. Valorisation Grant STWir. Alain le Loux MBA Business Accelerator - Kennispark Twente E-mail: [email protected] © Kennispark Twente, ir. A.J.F. le Loux MBA
- 2. About STW &related programs STW Valorisation Grant Characteristics STW Valorisation Grant Phase 1 Characteristics STW Valorisation Grant Phase 2 Assistance BDT Team Assignment versus rejection Valorisation Grant Statistics STW Valorisation Grant Other (subsidy) opportunities Questions ? Topics
- 3. Technology foundation: nonprofit organization Dutch foundation, but open for international participants Different projects and programs Grants Open call Partner in fundamental Research (PhD) About STW
- 4. Technology Foundation STWVan Vollenhovenlaan 661 3527 JP Utrecht Telephone +31 30 6001 211 Fax +31 30 6014 408 Internet: www.stw.nl In English: http://www.stw.nl/English/ Contact details STW
- 5. STW Open Callshttp ://www.stw.nl/open+calls.htm ICT research programs http://ict.stw.nl/ Dutch Program for Tissue Engineering http://www.dpte.nl/site/index.php?id=148 Green and Smart Process Technology http://www.stw.nl/Programmas/GSPT/Default.htm Nano Technology http://www.nanoned.nl Neural Networks http://www.stw.nl/Programmas/Neuranet/Default.htm Related programs
- 6. Partners The ValorisationGrant is an individual grant to researchers to develop innovative high-tech businesses based within an university or research institute developed knowledge Inspired by the U.S. Small Business Innovation Research (SBIR) program Four themes Life sciences High tech systems & materials ICT Chemical & process technology STW Valorisation Grant programme
- 7. Two rounds peryear (April / October) Main applicant should be employed at an university or a research institute Based on competition/contest Best project plans will be granted More information on the Internet: http://www.stw.nl/Programmas/ValorisationGrant/ STW Valorisation Grant programme
- 8. The Valorisation Grantconsists of two phases, which should be separately requested. To submit Phase 2, a Phase 1 proposal must be honored and completed. Phase 1: feasibility study (result: Business plan) Investigation into the technological and commercial feasibility of the proposal. For this phase, a maximum of 25,000 euros will be requested. The duration of this phase shall not exceed 0.5 years. Phase 2: Valorisation phase (result: Start-up) The first steps of the valorisation process: such as developing a product, attracting a launching customer and conducting negotiations with private financers. The purpose of this phase is come to the point where private financers can finance the further commercial development and company. Request up to 200,000 euros for a maximum period of 2 years. Two phases
- 9. PHASE 1 ConditionsMain applicant is employed at university/ research institute Proposal max. 15 pages Agree on IP policy (legal aspects) Maximum attempts: 2 Assessment/review - Dragon’s Den Presentation (7 minutes) and discussion with the committee (8 minutes) Committee mix of science and business PHASE 2 Conditions Main applicant is employed at university/ research institute Business plan max. 20 pages Commitment external financer for phase 3 Maximum attempts: 2 Assessment/review - Dragon’s Den Same as Phase 1 (10 / 10 minutes) Two years; after one year a formal review PHASE 1 VS. PHASE 2
- 10. STW Valorisation GrantPhase 1 (€ 25,000) Review project plan & coaching Assistance with Intellectual Property & patent requests Pitch training, preparing pitch presentation STW Valorisation Grant Phase 2 (€ 200,000) Extensive review project plan & coaching Preparation presentation Structure, distinctiveness, commercial, attractive, etc. Assistance from BDT team is for free. Assistance BDT team
- 11. STW doesn’t depositthe money into a bank account. Monthly you can send (original) invoices to STW. Money doesn’t go directly to the applicant. STW will deposit it into the bank account of the University of Twente. Costs STW Applicant University of Twente € results € results & invoices
- 12. Assignment versus rejectionThe Commission writes down the Strengths and Weaknesses of the Plan
- 13. Criteria Technological innovationCommercial potential Approach / project plan Motivation applicant Assignment: an example 1 2 3 4 5
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- 17. What is reallyinnovative? What is the difference with other technologies? How much lead time do you have in advance? Why is this technology better? Who will be your (potential) customers? In which markets can you sell the technology? How do you contact the potential customers? Business model: How to make money? How do you organize your marketing & sales? How do you protect your ideas and technology? Think outside-in: What’s in it for a customer? How do you compete with your competitors? Which activities are planned, what will be the output? Important ‘questions to answer’
- 18. Statistics STW ValorisationGrant 2004-2008 Phase 2 Approvals 29 41% of Phase 2 Submissions Phase 1 Submissions 261 Phase 1 Approvals 107 41% of Phase 1 Submissions Phase 2 Submissions 71 66% of Phase 1 Approvals 261 (100%) 107 (41%) 71 (27%) 29 (11%)
- 19. TOP, loan credit€ 10,000 to € 40,000 http://www.kennispark.nl/ondernemen/top-regeling/ Small Business Innovation Programme (SBIR) - TNO www.tno.nl/sbir Technologies looking for entrepreneurs/ research driven organizations Phase 1: feasibility Phase 2: development of the idea Phase 3: commercialization WBSO (only for real registered companies): funding of R&D http://www.senternovem.nl/wbso/ Subsidy intermediaries http://www.nlsi.nl (Dutch Subsidy Institute) http://www.pnoconsultants.com/countries/NL/EN/Pages/default.aspx Other (subsidy) opportunities
- 20. Some CTIT spinoffs 2 1 SigmaBees 5 Smart Signs 9 e-Cone 13 Co-op 2 Vier-Twee 6 Security Matters 10 Open Decision Spaces 14 MobiHealth 3 Bibix 7 BloomWise 11 BCI 15 Recore Systems 4 Mobile2Connect 8 CHOIR 12 PRIPS 16 Ambient Systems 1 3 4 5 6 7 8 9 Research Screening & Scouting Phase 0 Phase 1 Phase 2 Phase 3 Phase 4 13 14 16 15 10 11 12
- 21. Questions ? ©Kennispark Twente, ir. A.J.F. le Loux MBA
- 22. Alain le Loux - Kennispark Twente E-mail: [email_address] Mobile: +31 [0]6 29 52 63 81 Contact details © Kennispark Twente, ir. A.J.F. le Loux MBA