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Tech City Launchpad 2: London and Cambridge – Internet of Things Compe;;on Briefing 21 July 2014

Ma# Sansam – Lead Technologist, Digital

This next bit... 20 mins The Technology Strategy Board IOT Launchpad Compe<<on Overview . – Ma# Sansam 20 mins What is a Launchpad

Applica<on Process – Ma#hew Brown 20 mins Q&A session

Coffee break

By the end of the briefing You should, with confidence and knowledge, be able to:

•  Understand the scope and objec<ves of the compe<<on

•  Understand the compe<<on process and criteria

•  Understand the applica<on requirements

•  Be clear on the <melines & deadlines

We accelerate economic growth by s<mula<ng and suppor<ng business-‐led innova;on.

We are the UK’s innova;on agency

More specifically •  The UK’s Innova<on Agency: a na<onal body set up in 2007 to invest in business innova<on

•  Work across business, universi<es and government

•  Most staff come from business backgrounds

•  Have a budget of over £400m/year

•  £390m for 2012/13

•  £440m for 2013/14

•  Can the UK do it? •  Is the idea ‘ready’? •  Is there a large market opportunity?

•  Can we make a difference?

We consider…

“How can we help UK business bring new ideas and technologies more quickly to market?”

Always this ques;on

How we s;mulate innova;on •  We enable people and companies to collaborate and share ideas to make innova<on happen

•  We break down barriers to innova<on

•  We help business understand future markets and innova<on opportuni<es

•  We bring together partners to maximise innova<on investment and work on common goals

•  We offer funding through compe<<ons, to bridge the equity gap when it is too early or risky for other investors

In summary, what we do… •  Help strengthen the global compe<<ve posi<on of leading businesses

•  Iden<fy and grow sectors and businesses with the capacity to become the best in the world

•  Nurture the businesses that can succeed in the growth sectors of tomorrow

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A big agenda •  We have enabled about £3bn of investment in innova<on (with partner and business contribu<ons).

•  We are already working with more than 4,900 companies of all sizes, 150 research organisa<ons including 110 UK universi<es.

•  Our networks have over 80,000 members

•  We typically run around 80-‐100 R&D funding compe<<ons per year across our priority themes.

The returns

Every £1 invested returns:

•  At least £3 for feasibility studies •  £9 for Smart awards

•  Up to £35 for some areas of collabora<ve CR&D

Collabora;ve R&D Smart

Launchpad

Entrepreneur Missions

Innovation Knowledge

Centres

For more informa;on...

compe;;[email protected]

Compe;;on Helpline: 0300 321 4357

www.innovateuk.org

_connect Network: hbps://ktn.innovateuk.org

Current Digital Investment 17

•  Highways Agency SBRI: Air Quality (opens 14/7) •  Environment Agency SBRI: Water Monitoring (opens 28/7)

•  Energy Harves<ng for autonomous vehicles CR+D (closes 25/9)

•  Driverless cars CR+D (opens 14/7)

Investment Programme cont’d 18 IC tomorrow -‐ Innova;on Contests •  29th July Close – Entertainment on the Move (£100K) •  1st Sept Open – Connected Ci<es (£200k) •  Jan 2015 – Wearable Tech •  Mar 2015 -‐ Educa<on IC tomorrow Events •  23rd July – Connected Ci<es Assembly •  Oct 2014 – TV speed networking

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What is the TCUK IOT

Launchpad?

What is the Tech City Launchpad 2: London and Cambridge – Internet of Things?

It is a compe<<on aimed at: 1. Suppor<ng innova<ve IOT businesses through grant funding of projects 2. Strengthening a growing cluster of digital businesses in the Cambridge and London region 3. Accelera<ng the growth and development of a cohort of businesses through a range of support ac<vi<es

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1. Suppor<ng innova<ve IOT businesses through grant funding of projects

We will fund up to 60% of eligible costs for industrial research projects with

individual grants of up to £150k and esDmated project sizes ranging between £50k and £250k.

We will look at applicaDons for projects larger than £250k, but the grant

funding will be capped at £150k. Projects can last up to 12 months and should be led by micro, small and

medium companies in the early stages of their development.


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2. Strengthening a growing cluster of IOT businesses in the Cambridge and London region

We are focusing on the exisDng IOT sector in the region, and we

encourage companies within it to apply. The compeDDon is open to companies across the UK, if they wish to carry

out a project in the cluster.


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3. Accelera<ng the growth and development of a cohort of businesses through a range of support ac<vi<es

An integral part of Launchpad is the offer of support to help applicants to raise addiDonal new external finance that we expect will be needed to

fully fund the project and its subsequent commercialisaDon. In addiDon to receiving project funding, successful applicants will

parDcipate in a programme of business support and growth acDviDes that will run in parallel to projects.


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Scope: This compeDDon will bring together innovaDve digital companies in

London and Cambridge and aSract others to parDcipate in new IoT projects.

We will offer funding for innovaDve industrial research projects, aimed

at the acquisiDon of new knowledge and skills for developing new IoT projects, processes or services, or at projects that will bring about significant improvements in exisDng IoT products, processes or services.


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The compe<<on is open to all UK companies, but to be eligible they need to be at least one of the following:

•  Based in the Cambridge / London IoT cluster •  Moving to the clusters •  StarDng up in the clusters •  Working collaboraDvely with a company within the cluster

•  ConsorDa containing companies from both Cambridge & London are acDvely encouraged.


Key Dates Opened

16th June 2014

Briefing event – Cambridge

8th July 2014

Briefing event – London

21st July 2014

Deadline for Video submissions 3rd September 2014

2nd stage opens

22nd September 2014

2nd Stage briefing event

24th September 2014

Deadline for WriSen Submissions

23rd October 2014

Pitch Sessions 19th November 2014

027

What is a Launchpad?

Mabhew Brown – Lead Technologist, Crea<ve Industries

Enabling young and early stage SMEs with significant growth ambi<on by being part of a developing cluster: •  Innova<on through R&D project funding • Business support including coaching & mentoring

• A#rac<ng new investment

Easy to apply (2 minute video) and open to SMEs that: • Are in the cluster • Plan to start up in the cluster • Move into the cluster • Collaborate with a company already in the cluster

S;mula;ng Cluster Growth

Structured package of support •  Assessment of your needs

•  Engagement with local partners

•  Delivery of business support package –  Workshops, training, coaching –  One-‐to-‐one and group sessions

•  Delivery of investment support package –  Investment readiness –  Pitch prepara<on

•  Investment Showcase event

• Tech City Launchpad 1: £1.25m grants for 13 companies – all projects complete

•  Space Launchpad Harwell: £1m grants for 11 companies

• Digital and Crea;ve Clyde: £620k grants for 11 companies

• Materials & Manufacturing North West: £1.5m grants for 18 companies

Launchpad Compe;;ons – 2011/12 & 2012/13

• Motorsport Valley (£1m budget) • Opened 24th June 2013 •  11 projects, £1.14m grant offers

•  Greater Manchester Crea;ve & Digital (£1m budget)

• Opened 4th November 2013 •  10 projects, £700k grant offers

•  Severn Valley Cyber (£0.5m budget) • Opened 25th November 2013 •  7 projects, £387k grants)

Launchpad Compe;;ons – 2013/14

•  Tech City 2 – London & Cambridge IoT (£1m budget, opened 16th June 2014)

•  Harwell Space 2 (£1m budget, opened 30th June 2014)

• Wales Healthcare Technologies (£1m budget, opens October 2014)

•  North East Process Industries (£1m budget, opens October 2014)

•  Digital cluster tbc (£1m budget, opens March 2015)

Launchpad Compe;;ons – 2014/15

Application process

Compe;;on eligibility Tech City Launchpad 2

Type of Compe<<on Three stage

Project composi<on Single or Collabora<ve (SMEs)

Funding available Up to £1.0m

Project Size £50k -‐ £250k

Research Category (grant funding as % of

eligible costs for business) Industrial Research -‐ up to 60% of eligible project costs

An<cipated Project length Up to 12 months

Applica<on Process

First stage -‐ Video (plus a short online form) Second stage -‐ 10 Ques<on applica<on form

Third stage – Pitching session

Research Category Industrial Research (60%) This means the planned research or cri<cal inves<ga<on aimed at the acquisi;on of new knowledge and skills for developing new products, processes or services or for bringing about a significant improvement in exis;ng products, processes or services. It comprises the crea<on of component parts to complex systems, which is necessary for the industrial research, notably for generic technology valida<on, to the exclusion of prototypes.

Video Submission Stage 1

Full Stage Application Stage 2

Assessment

Launchpad application process

Assessment

Stage 1: Register on _connect Upload 2min video and complete Short online form.

Stage 2: For invited Applicants only Complete 10 ques<on wri#en Applica<on, plus appendices

Applica;on Process

Stage 3: For invited Applicants only Presenta<on of ideas to panel of experts

Pitching Session Stage 3

Guidance for Applicants

Generic Competition Guidance for Applicants

Specific Competition Guidance for Applicants

Register on _connect and apply for the competition

1. Your details – online form

2. Upload Video (& Project Summary)

Project Summary 1000 characters

3. Project Costs

Costs details

Labour costs

Overheads

Materials

Capital usage

Subcontract costs

Travel & subsistence

Other

For details on eligible project costs please see: http://www.innovateuk.org/competitions/guidance-for-applicants/project-costs.ashx

4. Agreements

Save your application as a PDF?

Key Dates Opened

16th June 2014

Briefing event – Cambridge

8th July 2014

Briefing event – London

21st July 2014

Deadline for Video submissions 3rd September 2014

2nd stage opens

22nd September 2014

2nd Stage briefing event

24th September 2014

Deadline for WriSen Submissions

23rd October 2014

Pitch Sessions 19th November 2014

For more informa;on...

compe;;[email protected]

Compe;;on Helpline: 0300 321 4357

www.innovateuk.org

_connect Network: hbps://ktn.innovateuk.org

Questions?

Funding •  Funding rules

–  Types of organisa<on • Business

–  Collabora<ve projects • Defini<on of collabora<on • Levels of par<cipa<on • Minimum grant

•  Funding criteria for this compe<<on

Types of Organisa;on •  Business – SME’s only

•  Defined by the EU definition found in the general guidance for applicants or http://ec.europa.eu/enterprise/policies/sme/facts-figures-analysis/sme-definition/index_en.htm

Grant dependent upon type of research and type of par;cipant

Organisa;on / Type of Ac;vity

Industrial Research Notes

Business (economic ac<vity)

SME – 60%

Grant % applies to each individual partners costs in the consor<um and is not a % cap for the total project costs

What is collabora;on? In all collabora<ve projects there must be: •  at least two collaborators •  evidence of effec;ve collabora;on (see guidance)

–  Typically this would mean that no one partner would be taking more than 70% of the eligible costs, and we would expect to see the structure and raDonale of the collaboraDon described in the applicaDon.

Minimum Grant Changes If partner wishes to collaborate but does not wish to claim a grant:

•  role and work should be in applica<on as for all other partners

•  partner name and total costs (contribu<on to the project) must be included in the finance summary table. –  Enter zero grant requested in finance summary table

•  no partner finance form required •  not be named in the offer le#er if your project is successful

Worked example – £85k total cost project:

Project costs involving 2 partners:

Total Funding Limits

Total eligible

project cost

Maximum % of eligible costs which may be

claimed as grant

TSB Grant Project contribu;on

Business (SME) £65,000 60% £39,000 £26,000

Business (SME) £20,000* 60% £12,000 £8,000

Total £85,000 -‐ £51,000 £34,000

Eligible Project Costs (applicants/non-‐academic partners)

ü  Labour Costs ü  Overheads ü  Materials

ü  Capital Equipment Usage ü  Sub-‐Contracts ü  Travel & Subsistence ü  Other Costs

–  Other eligible direct costs not included in the above headings ü Contribu<ons in kind ü IP filing costs up to £5,000 (SME only)

Ineligible Project Costs

Χ  Input or Output VAT Χ  Interest charges, bad debts, profits, adver<sing, entertainment Χ  Hire purchase interest and associated service charges

Χ  Profit earned by a subsidiary or by an associate undertaking work sub-‐contracted out under the project

Χ  Infla<on and con<ngency allowances

Χ  The value of exis<ng assets such as IPR, data, sorware and other exploitable assets that are contributed to the project by any collaborator

Χ  Independent Accountant’s Report Fees

Eligible Overheads ü  Indirect labour costs

–  Board & senior management – the percentage of their <me where they are involved in your projects but are not included as individuals in the direct labour costs

–  Admin and support staff – where not included in direct labour costs ü  Recruitment costs ü  General supplies and IT – not linked to produc<on or service delivery ü  Corporate fees and expenses – IPR maintenance, insurance, photocopying ü  Site expenses – building rental, taxes, security and cleaning ü  U;li;es – careful not to include produc<on equipment energy or supply

costs

Ineligible Overheads

Χ  Produc;on or service delivery costs – any costs associated with the way in which the company makes its money. This would include all items used to calculate gross margin and cost of sale.

Χ  Marke;ng and sales costs – these again count in the cost of sales Χ  Non-‐bookable R&D ;me – non produc<ve <me or non-‐chargeable

<me of technical or support personnel

Χ  Entertainment and hospitality Χ  New IP protec;on costs Χ  Any headings that are being charged for directly within the

project – such as training, T&S

Submitting your application & the way forward

The application submission process

Lead applicant is notified by email 3 Stage 1 Notification

Complete online form on _Connect and upload your 2 min video. 2 Upload your

Video

Access Assessor feedback 4 FEEDBACK received

Successful applicants are sent a secure User-ID and password to access Competitions System 5 PROCEED to

STAGE 2

Lead applicant is notified by email 7 NOTIFICATION received

Allow plenty of time to upload your completed documents (application form, finance form & appendices

6 UPLOAD documents

1 REGISTER Register on _Connect

Issued for both successful and unsuccessful applicants

Word document

Uploaded to your secure area

Not issued via email

4 FEEDBACK received

Technology Strategy Board Successful Applicant

The Project may not start until the organisation has received and returned signed acceptance of the Grant Confirmation Letter

Conditional offer letters will be

issued 3 – 4 weeks after notification

Return documents stated in

conditional offer letter

Submit financial forecast and

detailed project plan

Financial cost review and viability

checks Issue Grant

Confirmation Letter

Sign & return Grant Confirmation Letter

with project start date

•  Project lead organisation •  Total grant amount •  Project title •  Terms & Conditions of offer •  Payment terms •  Changes affecting the

Project •  Publicity

•  State Aid Obligations •  Role of the Lead and project

management •  Confidentiality and Intellectual

Property •  Exploitation •  Acceptance of Offer •  Dispute Resolution

Conditional Offer Letter

•  To be returned within the deadlines stated within the offer letter

•  Original agreement signed by all participants •  Key Features:

–  Who is in the Consortium? –  What are the aims, and how is the work divided up? –  Ownership of IPR –  Management of consortium

Note: Negotiating a Collaboration Agreement can be complex and time consuming. Start work on this at an early stage in the process, ideally before submitting your full application.

Collaboration Agreement

•  Requirement for successful projects

•  Expectation that each partner has one representative to attend the workshop

•  Outlines process requirements (how to raise a claim etc)

•  Opportunity to meet your Monitoring Officer

New Projects Workshop

Grant Claims & Payments

•  All grants are claimable in arrears •  Claims can only be made for costs incurred and paid between the

project start and end dates •  Claims may be subject to an independent audit according to grant

size •  Claims are only paid once quarterly reporting and necessary audits

are complete •  Projects are monitored according to project size – on a regular

basis for CR&D including a visit from the appointed Monitoring Officer

•  The monitoring will be carried out against a detailed project plan and financial forecast

Questions?

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