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Planning InnoFun Pilot Actions
InnoFun - The innovative projectWS 3
27th September 2013Nicosia
Benjamin KuscherInnoFun Project Manager
ConPlusUltra [email protected]
Overall Themes of Pilot Actions
start-up - investor matching
decision process in funding schemes
Research - business matching
Bring Innovation to society and society to innovation
Budget for each Pilot action
Partner experts for technical development, facilitation and assessment of pilot action (digital story structure, software development, preparation of 3 digital stories, presentation)
Hosting Field Mission, Catering, Rent, organisation
PP1 – JAIP € 25.000 € 10.000PP3 – UCY € 25.000 PP6 – Opportunity Peterborough
€ 25.000 € 10.000
PP7 – KTUAS € 25.000 € 10.000PP9 – Mediteranee Technologie
€ 25.000
Presentation of envisaged Pilot Actions
Pilot ActionsDesign of a presentation deck for business plans by pitching
methods to gain invest money more effectively.
PP1 – JAIPRadek Novotny
Status Quo situation
Despite the invest money are a commodity and business (innovative) idea is unique, the status of innovators in front of investors are opposite.
•Entrepreneurship education in the South Bohemian Region is focusing on preparation of business plan only.
•Innovation (start up) is a long distance journey and the most important than facts, details and numbers is social overlay between team and investor, therefore pilot action is dealing with a course focusing on pitching methods and DigitalStorytelling, which will be testified on the participants of the course “Entrepreneurship” at the Economy Faculty of SBU.
Changed situation after the Pilot Action
By realisation of a pitching course and DigitalStorytelling will JAIP get complete study material (book, videos, practical examples) to provide this course (in classic and online form) for entrepreneurs and enterprises of SB region in the future.
Implementing of pitching into presentation of innovation (business) idea will increase the effectiveness of innovation fundraising of start-ups.
The target of pilot action are participants of the course “Entrepreneurship“ opened at the Economic Faculty of South Bohemian University and concrete outputs are presentation of student's startups prepared for pitching in front of investors.
Activity plan: what-when-how
Pilot action (9/2013-2014)•Prepared materials for student lessons •Course will be running since October this year•Next semester - exercises and presentation of student projects through pitching methods to investors•Plus one seminar for teachers
Field mission (2014)•Presenting outputs of the pilot action•Lecture on pitching or start-up-investors matching•FUN trip to some interesting innovation facility
Pilot ActionsFunding Websites
PP3 – UCYGeorge Papadopoulos
Status Quo situationPlease make short description of your regional status quo situation which makes your planned Pilot action necessary & meaningful: which problems /weaknesses / obstacles etc do your region currently face?
•Cyprus suffers from the lack of available funding information through websites and portals •Interested businesses and individuals are not being easily and on-time informed about available funding schemes: they are not able to successfully apply for funding•Such websites if existed would aggregate and offer all available information about
– Funding Schemes– Policies– Events– Relevant documents and other useful websites– People to contact with
Changed situation after the Pilot Action
Please make short description of your expected changed situation after having conducted your pilot action: what will be changed? How will the change improve the regional situation? Who benefits from the pilot action? What will be the output? What is the target of your pilot action? What is the concrete output of your pilot action....
• The lack of information and availability of funding issue in Cyprus will be addressed
• Before: Interested businesses and individuals not being easily and on-time informed about available funding schemes: not able to successfully apply for funding
• After: Interested businesses and individuals will be easily and on-time informed about available funding schemes by:
– Accessing the developed portal/website– Have access to aggregated information regarding funding schemes, policies,
relevant events, documents, other useful websites and people to contact with
• Result: able to successfully apply for funding and easily prepare the application
Activity plan: what-when-how
Please summarise your main planned activities including the field mission (what –when- how…)
• Main Planned Activities:– Design a portal or website appropriate for Cyprus - but on the same time could
be applied and used by other countries as well– Provide the requirements that must be met in order to solve funding related
communication and information aggregation issues in Cyprus– Gathering all the appropriate information that should be included in the
website/portal, e.g.: • links to corresponding webpages of the Cyprus Ministry of Commerce and Tourism website• links to appropriate information displayed on the website of the Cyprus Research Promotion
Foundation (the website is currently extremely hard to explore and find information in)
– Provide technical support in the development of the website/portal– Initial action: design draft on InnoFun web page– Then: develop portal – Translation into local languages may be required– Intellectual property issues may arise
Pilot ActionsBridge The Gap
PP6 – Opportunity PeterboroughSteve Bowyer
Status Quo situation
Please make short description of your regional status quo situation which makes your planned Pilot action necessary & meaningful: which problems /weaknesses / obstacles etc do your region currently face?
•Lack of Web Portal to match innovators with investors•Lack of quality training to help companies become investor ready and more successful in attracting finance for innovation and growth•Lack of local innovation/business growth advice•Little opportunity for innovators to meet funders•Lack of pitch expertise and use of digital media
Changed situation after the Pilot Action
Please make short description of your expected changed situation after having conducted your pilot action: what will be changed? How will the change improve the regional situation? Who benefits from the pilot action? What will be the output? What is the target of your pilot action? What is the concrete output of your pilot action....
• Web Portal established to match innovators with investors
• Investor readiness training workshops for local companies and workshops for public sector investors to better understand local businesses
• Local innovation expert consultancy, Meet the Investor events , Pitch Training and creation of at least 20 videos
Activity plan: what-when-how
Please summarise your main planned activities including the field mission (what –when- how…)
• Existing Stakeholder Group to help design web portal, format of investor- readiness training and content of innovation expert consultancy.
• External expert procurement to design web portal and deliver training
• Plan for Future City Demonstrator to fund additional innovation expert consultancy, a meet the Investor event and pitch training/video production
• Peterborough Field Mission Spring 2014
Pilot ActionsDigital pitching
PP7 – KTUASAntti Haase
Status Quo situationPlease make short description of your regional status quo situation which makes your planned Pilot action necessary & meaningful: which problems /weaknesses / obstacles etc do your region currently face?
•Companies lack competences and funding to present their innovations to financiers in appealing and quick ways using audiovisual elements and digital distribution•In addition to scarcity of private funding in the region, it is hard to get feedback on innovations directly from end-users (e.g. crowds)•Financiers find it hard to understand technically complex innovations with just text based descriptions•Lapland is far from the financial centre of Helsinki: it is hard to contact and network with financiers due to long distance
Changed situation after the Pilot Action
Please make short description of your expected changed situation after having conducted your pilot action: what will be changed? How will the change improve the regional situation? Who benefits from the pilot action? What will be the output? What is the target of your pilot action? What is the concrete output of your pilot action....
• We have created at least 5 pitch videos for innovative companies in the region
• We have created and researched cost-effective models for producing and delivering digital pitches to financiers (including crowdfunding and feedback from crowds)
• Ideally there is a company (or as part of KTUAS R&D services) offering these services to regional companies
• Our services and/or models are integrated to Kemi-Tornio Incubators’ activities (eg. as part of WellCome package) and/or ELY-Keskus Product Track
Activity plan: what-when-how
Please summarise your main planned activities including the field mission (what –when- how…)
• Making pitch videos for most innovative companies in Kemi-Tornio Incubator and ELY-Keskus Product Track: 1 video in 2012, 3 videos in 2013, 1 video in 2014.
• Researching and exploring cost-effective ways to make and digitally delivering pitch videos: on-going 2012-2014
• Gaining comptences by organising and participating in training session on pitching, visualizations, crowdfunding and business storytelling: August 2013 (visualization course), others in March-October 2014
• Organising field mission to Lapland in June 2014
Pilot ActionsAccess to Public / Private
FundsPP9 – Mediteranee Technologie
Rodolphe Uhlmann
Status Quo situation
• Cycle Time for Access to public funds very long• Cycle Time to access to PP Funds (Risk Capital) too
important• Increasing demand for Risk Capital funds• Existence of video pitching local initiative in incubation
environment
Changed situation after the Pilot Action
• Reduce cycle time for access to Risk Capital funds• Generalize a video pitching service with the aim to
promote products but also to present the company
Activity plan: what-when-how
• Call for proposal : PACA Innovation members will build consortiums to propose a platform for video pitching service (Q4/13)
• Make at least 10 video pitches and post them to a platform (Q1/14)
• Shape and design a new service for regional SMEs : A platform for video pitch (Q2-Q3/14)– Business plan / Storytelling / Video making
• Organize in Q4/13 a seminar on video storytelling with benchmark and good practices
Let‘s innovate the innovation funding
Benjamin KuscherConPlusUltra GmbH
