European Innovation Council readies €17.5 million to support rapid growth of innovative companies

Innovative companies across Europe can now apply for up to €17.5 million in combined grant and equity financing to scale-up quickly and effectively through the EIC ‘Accelerator’ pilot, increasing support for ground-breaking concepts that could shape new markets or disrupt existing ones in Europe and worldwide. This comes following the announcement in March by the Juncker Commission of a €2 billion Enhanced EIC pilot, to turn Europe's scientific discoveries into businesses that can scale up faster.
To celebrate the start of this new scheme, Carlos Moedas, EU Commissioner for Research, Science and Innovation said:

When we designed the European Innovation Council our top priority was to focus on the needs of our European innovators. This kind of entrepreneurs often need more funding and support than grant schemes alone can offer; the EIC Accelerator pilot will test a grant and equity blended financing model, paving the way for a fully-fledged European Innovation Council in the next EU research and innovation framework programme, Horizon Europe

The Accelerator pilot will support high-potential enterprises (mainly small and medium-sized - SMEs), with financing as well as coaching and mentoring, to develop and bring to market new products, services and business models that could drive economic growth, filling the market gap by support innovation considered ‘high-risk’ for private investors. It is complemented by the EIC Pathfinder Pilot, which supports advanced technologies/early-stage innovation. Together both instruments of the EIC cover the entire innovation chain.

Background

Currently in its pilot phase, the EIC will become a ‘fully-fledged’ reality from 2021 under the next EU research and innovation programme Horizon Europe (2021-2027).  The Commission has proposed to dedicate €10 billion to the EIC under Horizon Europe for support to innovators through two main funding instruments – the Pathfinder for advanced research (for early-stage research) and the Accelerator, a blended financing model (grants plus equity).

The Commission will announce shortly the appointment of 15 to 20 innovation leaders to an EIC Advisory Board to oversee the EIC pilot, prepare the future EIC, and champion the EIC globally. In addition, a call for recruitment will be published in June to recruit a first set of “programme managers” with leading expertise in new technologies to provide full-time, hands-on support for projects.

Source: ec.europa.eu


Smart energy and adult care leading the latest round of UK funding

The Summer session of UK funding opens up with two key topics:  Smart energy and Social care.

Smart, affordable energy is the aim of the recently opened Round 7 of the Energy Catalyst, which encourages the development of products and services that will help poorer households and enterprises in sub-Saharan Africa access to accessible electricity for the first time by 2021. On the other hand, increasing demand in adult social care services is the main drive for the next Small Business Research Initiative (SBRI) competition, which aims to use technology to make adult social care provision more effective and efficient, and reduce demand on social care services.

Affordable energy in the sub-Sahara

Following what the World Energy Council defined as the ‘Energy Trilemma’, the Energy Catalyst will allocate up to £22 million (partly funded by the Department for International Development and the Engineering and Physical Sciences Research Council) to invest in innovative, market-focused energy technologies that will address:

  • cost – reducing prices to make energy accessible to everyone
  • emissions – generating cleaner energy with lower emissions
  • security of supply –reliable infrastructure to keep energy flowing without disruption or shortage

The competition will run from 17 June 2019 to 18 September 2019 and it is going to be divided in three different strands, following different TRLs:

  • early – feasibility study
  • mid-stage – R&D stage
  • late stage – prototype and pilot testing (testing or demonstration must be carried out in sub-Saharan Africa or South Asia by either a UK or international partner)

Better management for better care

The rapid increase in the demand for adult social care services, has put the currently available resources under pressure. Following such premise, the Small Business Research Initiative (SBRI) competition, with funding provided by the GovTech Catalyst for Torfaen County borough council, aims at supporting projects that can use novel technologies to better track data in real-time on how the resources used in adult care are deployed and prioritised. This competition will be delivered over 2 phases:

  • Phase 1: feasibility (running from 10 June 2019 to 17 July 2019)
  • Phase 2: prototype development (open only to Phase 1 winners)

And it will be likely to fund 5 projects that shall include:

  • using technology to improve the point of entry into adult social care
  • creating more dynamic and flexible care systems that respond to changing needs
  • making better use of evidence to inform commissioning both now and in the future

Source: Innovate UK


Our presence at the Eureka Global Innovation Summit 2019

May has been a rather busy month for our team, always on the move to promote and publicise our activities to the largest audience. This time, we embarked on a 3 day trip to Manchester to take part to the Eureka Global Innovation Summit 2019, the international meeting place for businesses and innovation agencies that took place between last 14 -16 May 2019. The event marked the return of the UK to the chairmanship of this important network after 22 years and the turnout couldn't have been more impressive: over 2000 delegates from 65 countries, with Belgium, Canada and South Korea sharing the centre stage, as each of these delegations organised receptions, networking events and specific workshops. South Korea, in particular, to celebrate the deeper involvement within the network, enjoyed a separate venue  with a bespoke set of showcases and talks.

The 3 days of talks and workshops on international collaboration in innovation have been inaugurated by Science Minister, Chris Skidmore, whose speech not only set the but also highlighted some very interesting points on the direction the Government wants to take in terms of future policies, among which the commitment to invest 2.4% of the GDP in research and development by 2027, and the  intent to maintain the UK within the next Horizon Europe programme despite of Brexit, clearly raised much interest and the approval of the delegates.

Overall, the event proved to be an unique opportunity for our company, as we had the chance to promote our business and activities to such a vast  and international audience, as our delegate, Matteo Radice said: "The Summit gave me the great chance to sit at the table with some of the most influential figures in the global innovation landscape to discuss the future of international partnership and not only that! it was great to meet businesses and policy makers from as close by as Caerphilly and from as far as South Africa! Most of all, thanks to our success stories -and especially our BreathSpec project- RedKnight is slowly getting international recognition. It is indeed a nice feeling!"


EU support to SMEs ready for change

After helping thousands of SMEs across Europe access funding to fuel their innovation, the SME Instrument is soon to change radically.

On the 18 March 2019, the European Commission revolutionised the traditional framework to support innovation in SMEs, by signing off the updated version of the Enhanced European Innovation Council (EIC) pilot for the period 2019-2020 of Horizon 20202 programme. With an allocated budget of 2 billion euros, this important update to the framework programme, will prepare the ground for the upcoming Horizon Europe 2021-2027 programme.

Besides including other calls and actions – such as Fast Track to Innovation and the Horizon Prizes – the Enhanced EIC Pilot sanctioned:

  • The end of the Phase 1 SME instrument, with a final deadline for applications issued to be 5 September 2019;
  • The replacement of the current Phase 2 SME Instrument with the new EIC Accelerator Pilot, starting from October 9th, 2019. From this deadline the programme will cease to provide only grant support, to move to a mixed model in which grants-only and blended finance(combining grant and equity) opportunities will be equally provided.
  • Starting from the 9 October 2019 single beneficiary only (a single company, not a consortium) can apply for Phase 2/EIC Accelerator.

The SME Instrument was launched in 2014 and since then, it has become a very popular and competitive instrument that has firmly established itself on the European SME and startup scene. By the end of 2018, the instrument has invested in more than 3,200 ambitious SMEs in the amount of 1.3 billion euros and created a network of 750 business coaches to advise the beneficiaries.

If you are looking for funds and you are a SME, there is still enough time for you to apply the SME Instrument programme! Don’t miss the chance to win €50,000 up to €250,000 worth of funding to support your innovation. Contact us at info@redknightconsultancy.co.uk to find out how.


Innovate UK ready to fund Smart energy

Starting from 7 May 2019, UK business will have a chance to compete for a share of up to £30 million to develop designs for smart local energy systems that make the best use of innovative technologies including cheaper renewables, energy storage, low carbon heat and digital infrastructure.

The aim of the competition is to create a pipeline of highly innovative, ambitious, local energy system designs that are investable and ready to roll out across the UK in the 2020s.

Projects will create new market and business models using smart energy systems that enable deployment at scale of the latest in energy technologies across heat, power and transport, in a way that is reproducible across the UK.

Projects are expected to:

  • develop novel market and business approaches for smart energy systems
  • integrate new energy technologies across heat, power and transport in replicable and scalable ways across the UK
  • investigate and design approaches that will significantly lower energy system costs and emissions
  • create economic benefits for the local area and the UK as a whole
  • develop finance and investment models for the deployment of low carbon technologies at scale

To know more, visit Innovate UK or contact us on info@redknightconsultancy.co.uk

 

Source: Innovate UK


Top Commissioner pledges for UK amid COST funding chaos

Whilst Brexit has been delayed until October 2019, uncertainties about the future of UK research in Europe still loom long and large over academics and grant holders in general; and this has come not without some daunting episodes, the most recent of those coming from the European Cooperation in Science and Technology (COST) Association.

As a matter of fact, the Brussels-based association issued last April that U.K. grant holders would have shifted financial administration to a partner in Europe by 1 May. This has been an extraordinary decision that does not follow the political direction taken by other EU funding schemes, such as Horizon 2020, and it is worth reminding that COST is not strictly part of the EU (indeed it is an intergovernmental organisation, although its funding for grants comes from Horizon 2020); yet, the decision has cast a dire shadow over UK researchers.

The action caused inevitably commotion amongst the 20 networks administered by UK researchers, who wasted no time in showing their disapproval, but mot importantly it raises a strong concern about the future opportunities for a post-Brexit UK to access EU funding, and contributes in further stirring an already confused scenario. However, latest declarations from EU research commissioner Carlos Moedas, might help easing the tensions and cast a relieving light.

As a matter of fact, ahead of the major vote that approved the deal on the next Horizon Europe programme, commissioner Moedas thus commented: “I cannot see the European programme, to be frank, in the future – whatever happens to the UK – without the UK,” said Moedas. “I will fight for having the UK on board” he said, “I hope that the UK also fights for that.” Also Moedas did not show fear for the lack of clarity with regards to Brexit in Horizon Europe’s upcoming agenda. “It’s probably something that will become clear in the next couple of months,” he said. “I don’t foresee any major problems on those discussions on the international associations, to be frank.”
Horizon Europe’s association rules are indeed yet to be discussed as part of negotiations on the EU’s overall long-term budget, which was originally supposed to be finalised in time for the next EU summit in Sibiu, Romania on 9 May. We all look forward to seeing some major step forward in defining the role of a post-Brexit UK in EU funding.

Source: ScienceBusiness & Science Mag


Moving on...

This month we would like to share with our readers a touching moment in our company's history. A key member of our team, Dr. Diana Branzea, has decided to move on to pastures new and departed the company at the end of March. We wanted to offer our colleague and friend an unforgettable farewell party to thank her for all her hard work whilst she was part of the team. To do so, the team visited the Escape Rooms Cardiff to take on Oculus, a thrilling murder-themed experience in the heart of the city. We are pleased to say the team made it out alive, with 4 minutes to spare on the clock!

We hope Diana enjoyed her day as much as we did and even though she is no longer part of the team, she will always remain a beloved friend and we wish her all the best with her future endeavours.


£1.25m available to improve efficiency in UK housing

Housing in the UK is among the least energy efficient in Western Europe. Although houses in England are recommended to be at least 18˚C at all times, many households do not meet this standard, leaving the inhabitants at risk of ill health.

To overcome this issue, on April 1st 2019, Innovate UK launched a Small Business Research Initiative (SBRI) competition in which all UK based businesses can compete for up to £1.25m to develop non-intrusive ways to monitor a household’s environmental condition. Successful projects will work with Leeds City Council and the City of York Council, so it critical that applicants take into consideration the different types of homes in Leeds and York, including high rise tower blocks which include a variety of tenants.

Overall, the competition will consist of 2 stages:

  1. Around 5 research and development contracts are expected to be awarded, with projects lasting up to 3 months. A total of £250,000 including VAT has been allocated to this phase.
  2. Amongst the successful applicants from phase 1, two will be awarded R&D contracts of up to £500,000 including VAT, to develop a prototype and begin field testing that can last up to 12 months.

All applicants must take in due account the following conditions for eligibility:

  • Provide reporting and predictive modelling
  • Improve the health and well-being of council tenants
  • Enable tenants to make environmental and lifestyle changes to improve the condition of their home

If you think your business is up to the challenge, but you need further support, please do not hesitate to call our experts, or visit our website redknightconsultancy.co.uk

Source: InnovateUK


BreathSpec project gets the spotlight in Manchester

March 1st 2019 will represent a memorable date in our BreathSpec project timeline, as the project was invited at the Breathomiocs2019 event, that took place at the Pendulum Hotel in Manchester.
The event, organised by the Breathomics research Group of the University of Manchester and the Royal Society of Chemistry (RSC) Analytical Division, gathered interdisciplinary and transnational engineers, chemists and physics from as far as Canada, to present and discuss over novel methodologies in the analysis of chemical compounds from exhaled breath as a rapid and non-invasive technique towards disease detection and pollutant monitoring.
During the one-day event, important sampling, analytical, and data processing strategies to enhance the capability of breath analysis in the clinical and commercial environments have been showcased. Among these, our BreathSpec project received a lot of attention, as many approached our booth to ask more information about the functionalities of the device and the role of the European funding within the project.

The BreathSpec Booth at the Breathomics2019.

The response was enthusiastic and many were surprised by the efforts the project is making in completing the clinical study, which is currently undergoing. As the project coordinator, Dr. Emma Brodrick (Imspex Diagnostics) stated, "It is unbelievable how much attention the project got during the event! Of course, we [the BreathSpec Consortium] decided to attend the Breathomics expecting some interest in what we are doing across the UK, but the interest around the results of the patient recruitment and the specificity of the machine was beyond any expectation!".

If you wish to know more about this EU funded project - under the H2020 Fast Track to Innovation Programme - visit BreathSpec.com and follow the project on Twitter (@BreathSpec)


RedKnight teaches Communication and Dissemination in Brussles

Another month, another successful Masterclass delivered by our team of experts!

This time, RedKnight went right into the heart of Europe to deliver a 2-day session in Brussels on the important of Impact in EC Funded Research & Innovation projects. The course, which took place between 18th and 19th February 2019, was a new seminar organised by our trusted associates at the European Academy, with the aim of teaching the importance of Communication Dissemination and Exploitation activities within European funded projects.

For this occasion, we sent our Project Manager, Matteo Radice, who was thrilled to share his experience - gathered managing the BreathSpec project -  with the attendees. Upon his return to RedKnight HQ, Matteo said, "It was an amazing experience and I really enjoyed it. The class was very receptive and engaging and there were some very interesting discussions going on throughout both days. Also, having a representative from the European Commission provided incredible added value. I believe Communication and Dissemination activities deserve much more recognition amongst all research and innovation projects, as they are of utmost importance in letting European taxpayers know how the EC is investing in innovative ideas for the future." Talking more in depth about the course, Matteo went on saying, "The course is designed to give participants a thorough overview of what the EC is expecting from project participants and how to best deliver it; from the legal boundaries, to the most effective storytelling techniques and how to better engage with social media. It's packed of information and the participants loved it!"

For any news about this course and all the other RedKnight masterclasses, visit our website www.redknightconsultancy.co.uk.