PPO Coverview

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Patent and Proof of Concept Funding - Phase 3: 

Patent and Proof of Concept Funding - Phase 3 Terry Stubbs KEF

Overview: 

Overview Terry Stubbs, KEF: Current Status PPOC – a refresher A brief overview of the process Nigel Woodruff, Innovation Partnership: A review of previous PPOC Projects How this research helped shape the application form, process and project support Panel Question Time: Presenters, Pat Jones and Phil Allen

Current Status: 

Current Status 46 projects approved £2.9M awarded in grant allocations Several spinout companies formed Discussions regarding licence agreements at various stages PPOC is working

Current Call: 

Current Call £2m Total Funding Available across Wales £100K Max Project over 18 Months Want to encourage smaller £20K – £30K projects Expecting to fund 25 – 30 projects What is New? ESDF Application Form ROI and Project Support

Patent & Proof of Concept Fund: 

Patent & Proof of Concept Fund The output from this investment should be a better-defined commercial opportunity that investors or companies will recognise as exploitable.

Project Flow Chart: 

Project Flow Chart PPOC Launch 27th Sept 2005 ROI Received 28th Oct 2005 ITC Allocated and contact made 11th Nov 2005 ESDF Available NO YES

Early Stage Development Fund: 

Early Stage Development Fund Initial Internal evaluation of Technical Feasibility/Application, Market and IPR position Due diligence for Technical, market and IPR Initial IPR protection where appropriate Action planning for Stage 2 PPOC using Due Diligence

Slide8: 

Complete PPOC Stage 1 Application Form 9th Dec 2005 NO YES Complete PPOC Stage 2 Application Form 24th Mar 2006 Award PPOC Stage 1 Funding Form 16th Dec 2005 Panel Decision by 24thth Apr 2006

Fast Track: 

Complete PPOC Stage 2 Application Form 6th Jan 2006 Panel Decision by 27th Jan 2006 PPOC Launch 27th Sept 2005 Fast Track

Over to Nigel: 

Over to Nigel