Financing Innovation LIFTEUREKA

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FINANCING INNOVATION (LIFT/EUREKA)
Jean-Michel Etarian Director
Strategic Planning Deputy Head of the EUREKA
SECRETARIAT 5. July. 2001
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EUREKA as a part of the EUROPEAN RESEARCH AREA
5th FP build strong links within
EUROPEAN Community
INNOVATION POLICY
COMPETITIVENESS PROSPERITY
GLOBALISATION MARKET ORIENTED
CREATING BENEFITS EUREKA (EXPERIMENTAL
DEVELOPMENT BY INDUSTRY, problem solving)
LAYING FUNDAMENTS FP (RESEARCH, knowledge
creation)
C
Co-operation
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EUREKA is a market-oriented platform
Large strategic projects and SME projects
Projects are co-funded by national or regional
public and private sources, non-bureaucratic obey
the WTO rules
Operates in EUROPE from Iceland to Turkey and
from Portugal to Russia.
Competitiveness, business links, networks, high
quality research and development to the market.
BOTTOM-UP APPROACH
Since June 1985 ...
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EUREKA the members and the hub of the network
Poland Portugal RomaniaRussia Slovakia Slovenia
SwedenSwitzerlandTurkey United
Kingdom
31 Member States and the European Commission
Hungary IcelandIreland IsraelItaly Latvia Lithu
ania LuxembourgThe NetherlandsNorway
Spain Greece Denmark Austria
Belgium Croatia Czech Republic Estonia European
Union Finland France Germany
The EUREKA Secretariat in Brussels is the hub
http/www.eureka.be
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The EUREKA Secretariat in Brussels
Heikki KOTILAINEN Head (from Finland) Jean-Miche
l ETARIAN Deputy Head (from France) towards
INNOVATION POLICY
Seconded personnel and hired personnel
New services for the network An INTERNET
PARTNER SEARCH TOOL focussed on project generation
Since 2000 a new TEAM a new STRATEGY a new
PROJECT INTERNET
The EUREKA networks needs
New WEB SITE project
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Two main issues within EUREKA
PMEs (PROMISING MOVING ENTERPRISES) FAST GROWING
COMPANIES WHOSE GROWTH IS LINKED TO
INNOVATION VENTURE CAPITAL
TECHNOLOGIES FOR THE SERVICE SECTORS NOT LIMITED
TO MANUFACTURING PROCESSES OR PRODUCTS A
MODEL-SYSTEM TOURISM LEISURE
Strategic projects and SMEs projects
BUILDING-UP NEW SCENARIOS FOR EUREKA GLOBALISATI
ON HOW TO CO-OPERATE?
Spanish Chair three proposals
A very dynamic programme
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E! projects of strategic significance
EUREKA is offering a platform to industry and
governments for the generation of strategic
initiatives as an UNBUREAUCRATIC, FLEXIBLE, and
INDUSTRY-DRIVEN INITIATIVE
Information- and communication technologies (JESSI
, MEDEA, ITEA, PIDEA) TELEVISION AND
MULTIMEDIA (HDTV, ADTT) Environment Transport
Large strategic projects and Governments
Know-how and risk sharing Critical mass Opening
markets Speed up standardisation process Optimal
use of human resources
INDUSTRY DRIVEN
Excellent results
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E! global co-operation between SMEs
Basically Innovation policy is DECENTRALISATION IN
TERACTIVITY TAKING ACCOUNT OF LOCAL
CONTEXT (UNIVERSITY, TECHNOLOGY TRANSFER, etc)
Innovation policy and SME projects
The Governments to provide SMEs with
Benchmarking Best practices Funding
conditions and QUICK DECISION AND UNDERSTANDING
For SMEs the PROSPECT of international
co-operation in RD is MORE DIFFICULT
INITIATIVE SUPPORT
Dialogue and creativity
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The Spanish Chair July2000-June2001
3. PMEs PROMISING MOVING ENTERPRISES Venture
capital
2. SERVICES FOR OUR CITIZENS
A very dynamic and new programme
1. BUILDING-UP NEW SCENARIOS FOR EUREKA
and ( 1 ) EUREKA internal management
... from Madrid
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1. Building-up new scenarios for E!
DEMONSTRATE OUR TECHNOLOGIES IN EMERGING MARKETS
To cope up with new realities
BUILD-UP OPERATIONAL LINKS WITH TECHNOLOGY
LEADERS OF TODAYs WORLD
GLOBAL BEHAVIOUR, NEW TECHNOLOGY POLICIES FOCUSED
OUTSIDE EUROPE SEARCH FOR TECHNOLOGY PARTNERS
OPERATIONAL LINKS
... for the Future
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2. Services for our citizens
A MODEL-SYSTEM TOURISM AND LEISURE TO
IDENTIFY TECHNOLOGIES AND BARRIERS TO THEIR USE
The increasing need for services
A WIDE SET OF TECHNOLOGIES DEVELOPED IN
INFORMATION, COMMUNICATION TRANSPORT, ENVIRONMENT
ON AD-HOC BASIS
TECHNOLOGY NEEDS NOT LIMITED TO MANUFACTURING
PROCESSES OR PRODUCTS
DIRECT DEMAND
... of our citizens
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3. PMEs Promising moving enterprises
EUREKA being as fast and flexible
as industry
WITH THE ACCELERATION OF THE INNOVATIVE
PROCESS TECHNOLOGY COMPANIES FACE THE NEED TO
GROW FASTER
PMEs NEED SUITABLE INNOVATIVE ENVIRONMENT,
MARKET ACCESS AND A MIX OF PUBLIC AND PRIVATE
FUNDING
EVER SHORTENING OF THE PRODUCT LIFE
CYCLE SHORTENING OF THE TIME TO MARKET IN
PRODUCT DEVELOPMENT
SPEED IS CRITICAL
... for growth
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Focusing on Venture Capital for PMEs
Experience from French E! office
IMPORTANCE OF A EUREKA PROJECT AS REGARDS
A START-UP SMALL VENTURE CAPITALISTS,
MANAGEMENT TEAM, AND BUSINESS
PLAN
The various risks have to be limited
as much as possible
PRIVATE FUNDING COMPLEMENTS PUBLIC FUNDING,
LIKE LOANS REPAYABLE IN CASE OF SUCCESS,
BUT DOES NOT REPLACE IT. MONEY ATTRACTS
MONEY
VENTURE CAPITAL SHOULD STEP IN AS EARLY AS
POSSIBLE MUCH MORE EFFICIENT AT THE BEGINNING
OF A PROJECT
TO PAVE THE WAY
... for the success
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Thank you for your kind attention
AND EUREKA
LIFT
FINANCING INNOVATION
Glasgow
and see you soon...