Catalysing European Innovation · Fast Track to Innovation Risk Capital Support 20 % Budget to SMEs...

Oliver KozakEuropean Agency for Small and

Medium-sized Enterprises (EASME)

Catalysing European InnovationThe first two years of implementation of the SME Instrument

Different forms of H2020 SME support

SME Instrument

7% = 2.6 Mrd €

Cooperative Projects

13%

Fast Track to Innovation

Risk Capital Support

20 % Budget to SMEs in LEITs & Societal

Challenges

Fellowships

Eurostars II

Effectiveness of European innovation projects perceived by participating SMEs:

8%11%

41% 40%

23%

32%30%

15%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

Not at all Low level Moderate level High / very

High

Technical

effectiveness

Exploitation

effectiveness

Source: SMEpact 2010, 77f.

40%

15%

Courtesy of SHIFTHAPPENS

Courtesy to Katja Bergmann, Moore Venture

SEED GROWTHMARKET

FIT

FF

ANGELS

ANGEL SYNDICATIONS

SEED CAPITAL

EARLY STAGE VC

VC

LATER STAGE VC

ACQUISITIONS/MERGERS

STRATEGIC ALLIANCES PE

INVESTMENT

BANKERS

IPO

PUBLIC MARKET

EXPANSIO

N

VENTURE

DEBTH

Product-Market Fit Recruiting, Sales, New Markets Recruiting

TEAM

OPPORTUNITY

TRACTION

SCALABILITY

OF

BUSINESS

GROWTH

PROFITABILITY

STRATEGICS

SME instrument

The SME Instrument is a seed accelerator programme at European level

So far: 2479 small companies, 979 M€ fundingto scale-up and grow their business

Application process: open to anyone, but highly competitive.Y Combinator, TechStars: application acceptance rates 1-3%.SMEI 6%.Focus: small teams/companies, not on individual founders.Start-ups/companies shall « graduate » at deadline (SMEI: ~2years).During this time, they receive intensive mentoring and training,and they are expected to iterate rapidly.Primary value to the entrepreneur: derived from mentoring,connections, recognition of being chosen to be a part of theaccelerator.

PHASE 150.000 € + Coaching

PHASE 20,5M-2,5M€ + Coaching

PHASE 3Services

Success Rates

average maximum

primo 4% 7%

resubmission 6% 11%

after Phase 1 11% 17%

• Partnership building:

• SMEI Community

• Friends of the "SME

Instrument"

• Access to finance

• Networking

opportunities

• Visibility

• Links to other

finance opportunities

Business CommunityPhase 3

interactive map on https://sme.easme-web.eu

interactive map on https://sme.easme-web.eu

interactive map on https://sme.easme-web.eu

SME Instrument companies in urban context

Detection of explosives and harmful substances at urban softtargets - Smartphone-based navigation aid for cognitively- orvisually-impaired persons - Protection of urban drinking waterinfrastructure against CBRN threats - Mobile ticketing system forurban transport - Lightweight electric vehicle - Publictransportation management - Remove pharmaceutical pollutantsfrom urban wastewater - Vertical wind turbine for urbanenvironments - Unmanned aerial vehicle for vigilance, controland critical urban infrastructure protection - Vertical urbanfarming - Video analytics to analyse complex scenes - Dronealarm and protection system for urban contexts - Protection ofurban soft targets and critical infrastructure against lightningstrikes - Car Share and Urban Mobility Systems - Near FieldCommunication mobile devices - Unlocking urban barriers fordisabled people - Modular Shelter Unit for Rapid Installation –Cyber attack protection - Monitoring for urban gas pipelines -Detection of errors in the structural design of critical urbaninfrastructure – Urban protection aviation copter - Energygeneration system for urban distributed power

And if you fail…..

…..apply again! Results show that resubmissions have double chances to succeed!

http://ec.europa.eu/easme/sme

Thank you very much for your attention

@H2020SME