Fast Track to Innovation A 3 Million Opportunity

Fast Track to Innovation A 3 Million Opportunity

About FreeMind The largest international consulting firm, specializes in non-dilutive funding Optimizing non-dilutive funding potential Est. 1999 45 Fulltime Employees Diverse client base: Key industry players from small start ups to large corporations in various technological fields Extensive experience in submitting and winning large scale projects Over $1.5B in cumulative awards

Horizon2020 - European Framework Programme for 2014-2020 - 79 Billion Euro total available funding for research and innovation - Goals - Responding to economic crisis - Enhancing people livelihood, safety and environment - Strengthening the EU s global position in research, innovation, and technology - Societal Challenges Health, aging population, transport energy efficiency,

Participating Countries

Horizon2020 Structure

Consortiums under Horizon 2020 - Most funding go to consortiums (minimum 3 independent participants from 3 different states - most consortiums include more than 5 participants - In past FPs most actions are targeted at basic research and development - Horizon2020 Enhanced support in close-to-market applications - SME Instrument - FTI

Fast Track to Innovation - No pre-defined topic all technological fields are supported - Continuously open call with 3 cut-off dates per year - Today (1/9/15), next one is on 1/12/15, next year TBD - Pilot Program - 100 Million per year during pilot (2015-2016) - Open to all legal entities (For-profit, NGO, Academic, Government) - Advanced and specific research and development activities, standard setting and advanced performance testing / piloting / demonstration activities, validation of solutions in real working conditions / certification, business model validation - Funding 70% for industry participants, 100% for academic/non profit (+25% overhead) - Total Grant - 3 Million (24 months) FreeMind Group, LLC September 1, 2015

Eligibility Requires consortium of 3-5 participants Private for profits > 60% of budget or Private for profits are at least 2 in a consortium of 3-4 or Private for profits are at least 3 in a consortium of 5 First time applicants and SMEs are specifically encouraged

Technology Readiness Level TRL 1 basic principles observed TRL 2 technology concept formulated TRL 3 experimental proof of concept TRL 4 technology validated in lab TRL 5 technology validated in relevant environment TRL 6 technology demonstrated in relevant environment - Requirement for SME Instrument TRL 7 system prototype demonstration in operational environment TRL 8 system complete and qualified TRL 9 actual system proven in operational environment FreeMind Group, LLC September 1, 2015

Program Overview FreeMind Group, LLC September 1, 2015

Evaluation Criteria 1. Excellence 1. Clarity and pertinence of the objectives; 2. Credibility of the proposed approach; 3. Soundness of the concept 4. Extent that proposed work is ambitious, has innovation potential, and is beyond the state of the art 2. Impact (X1.5 importance) 1. Enhancing innovation capacity and integration of new knowledge; 2. Meeting the needs of European and global markets 3. Environmental and socially important impacts; 4. Effectiveness of the proposed measures to exploit and disseminate the project results (including IP) 3. Implementation 1. Coherence and effectiveness of the work plan, including appropriateness of the allocation of tasks and resources; 2. Appropriateness of the management structures and procedures, including risk and innovation management. FreeMind Group, LLC September 1, 2015

Evaluation Process Eligibility check Allocation to 3-4 independent evaluators mostly business background (fully remote) Funding Threshold - 12 out of 15 overall, 4 out of 5 for impact Automated aggregation of individual assessment reports will result in evaluation summary report (no consensus meeting) Short feedback FreeMind Group, LLC September 1, 2015

Success Statistics Success rates are low 16 out of 268 proposals received funding after the first cut off (6%) 9 out of the 16 winning proposals (56%) included 5 participants Winning proposals in the fields of: hardware, software, health, food, energy and environment No Israeli beneficiaries FreeMind Group, LLC September 1, 2015

Examples for winning proposals FreeMind Group, LLC September 1, 2015

ISERD support fund ISERD is the Israeli directorate and national contact point for Horizon2020. The goal is promote Israeli entities to participate in Horizon2020 Funding up to NIS 30,000 grant, 75% of eligible expenses No need to win Horizon2020 grant, only to submit eligible applications Only for SMEs Every eligible applicant receives the grant Expenses travel to meet participants, participation in partner matching events, grant preparation consultants FreeMind Group, LLC September 1, 2015

Comparison SME Instrument Vs. FTI Funding Eligibility Success Rate Grant preparation reimbursement Topics TRL required FTI 70% for industry 100% for public/academy 3-5 participants industry intensive ~6% Yes Unlimited 6 SME Inst. 70% except for diagnostics Only SMEs 6%-20% No 13 specific calls 6

Thank you! Ishai Shamir Senior Consultant and Manager of Consulting services +972-2-6799833 ext. 213 ishai@freemindconsultants.com www.freemind.co.il