EIF TT Transactions
Research commercialisation / TT
Sweden: Karolinska
Development
Business Creation and
Acceleration
Sweden: Chalmers Innovation
UK: Cancer Research
Technology
Latvia: Imprimatur Capital,
Seed and VC fund
Lithuania: Strata/Mes Business
Angel Co-investment fund
UK: UMIP Premier Fund
UK: IP venture fund UK
Lithuania: Practica Incubator
and follow-on fund
Belgium KU Leuven CD3
Bulgaria : Eleven Start-up
accelerator
Belgium: NausecaBusiness
Angel fund
Bulgaria : LaunchUp
Start-up accelerator
3T (Telecoms Institutes)
France: Inria IT2: Digital
technologies
France: Institut Pasteur / IRT
Lyon
Infectious diseases / vaccines
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Elaia (Applied Maths –
ENS, Dauphine, Collège
de F, X)
Greece: Openfund, Seed
Fund
Greece: Piräus Fund, Seed
Fund
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Knowledge Transfer Strategic Partnership
Partners
 Established in Rome - 16 June 2010 – link with LTIC
 Open initiative to jointly design Knowledge Transfer
solutions
 EIB Group and public long-term financial institutions
from Austria, Finland, France, Germany, Italy, Poland,
Spain, Sweden, Turkey, UK
 Work on IP, POC, Business Angels
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EU 2020 Agenda: Europe's Social Market
Economy for the 21st Century
Plan for Action Technology Transfer
■ Remove obstacles to knowledge transfer (excessive
risk, lack
of financial resources, lack of qualified human
resources) by
■ facilitating access to adequate financial
resources, financial structuring, technology risk
assessment and
■ encouraging the private sector to invest
Active EIF support of EU core objectives through
Tech Transfer initiatives
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Proof of Concept is key to the EU
innovation ecosystem
■ POC dedicated instrument addresses weak link in
EU2020 Strategy: match research and market
 Beyond traditional linear thinking of research
commercialisation – towards innovation
networks and ecosystems
 Design based on concrete EIF experience in this
challenging
market segment
 Market failure: EC funding on non pari-passu terms is
critical
to setting up PoC fund
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Key features
 Investment Facility (not a subsidy programme)
 Imperative of commercialisation:
industry/investment
community is involved from the earliest stages
 Rigorous governance: professional, independent
decision-making at every step
 Legal robustness, simple, cost-effective
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Investment strategy
 Geographical coverage
 EU with pre-agreed targets for countries of the
sponsors
 Investments targets
 Proof-of-Concept funding (POC compartment EUR
20-200k/investment, POC+ compartment up to EUR
750k/investment)
 Seed equity, up to EUR 3m per investment
 Deal flow
 Leading EU academic partners
 Deal Flow hub in target countries (East, South)?
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Investing in Europe’s academic POC gap
Technology Transfer Finance Facility
Preferred Partner
JRC-RTD / EC
LTIC / KTSP
~ 1500 PROs
without systematic / access to
POC investment – no grants
Key value adds
 amounts (up to EUR 3m in
three stages)
 speed (< 2 months
decision time)
 investment rigour
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Pan-European
Proposal under
consideration by
by EC RTD
At the centre of
an ecosystem
Strategically
compelling
scope and perspective –
competition amongst Europe’s
best
 IP sharing/cross licensing
 training /mobility/exchange of
good practices /innovation
 entrepreneurship training
 start with ICT-focussed
platform
 need for BusDev / coaching
offer
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