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Training for “Financial Return Mechanism and Commercialization Strategy” 24th November - Shared screen with speaker view
Yvonne McMeel, Uni. of Reading
Morning Everyone, Yvonne here from the Uni. of Reading.
Marie-Lou Manca /Univ of Helsinki
It is good that partners negociate their FRM in the application phase, to avoid confusion/problem at the end of the projets if partners have not understood clearly their roles and responsibilities. However, it is important that EIT/EIT Food commit to not changing the rules of the game during the time of the execution of the project.
Philipp Merkl
The higher the promised revenue, the better the score. What exact mechanism is in place that proposals do not just provide unrealistically high numbers in order to achieve the highest score possible?
Oscar Lauf
This year EIT Food offered a standard FRM that was based on 15% or 25% of the budgeted grant. This has now changed to a competition on who pays back the most?
Marie-Lou Manca /Univ of Helsinki
This is really complex and the application is extensive, I cannot stop thinking that it is a shame that EIT Food did not go for a real 2 phases Application, with an short/simple version of the Application evaluated first before the applicants put so much efforts in the full applications.
Oscar Lauf
a minimum of 50% of BUDGETED grant is not logical. It would be logical to use the RECEIVED grant
Oscar Lauf
How do you check the revenues generated? Will an audit be needed? It will raise the already very high administrative burden.
Henrik Søndergaard, Lund University
Revenue is not equal to profit, hence challenging to make that the 'return-element' - how has the previous projects delivered on this and what return has happened to EIT Food until now.
Marie-Lou Manca /Univ of Helsinki
What happens if the revenue generated don't reach the level which make it possible to return 50 of the EIT Food grant?
Oscar Lauf
What is expected from non-profit partners (universities etc.)? What do you contribute to the FRM? It seems that everything comes on the shoulders of the companies
Hayley Binia-Wolman (Technion)
I would like to confirm that the 6 years count starts from the start exploitation point.The Submission table in PLAZA does not support this time line
Philipp Merkl
Revenue sharing cannot exceed 6 years, but then if ROI is not reached, it can be extended to how long exactly? What is the absolute endpoint?
Oscar Lauf
This year only one Exploiting Party, representing the exploiting parties has to sign. So this has changed to all exploiting parties have to sign? And what if a partners decides during the course of the project that it do wants to exploit although at the time of proposal it did not want to?
Philipp Merkl
Additional Access Rights: Is this a commercial license or only a right to publish? When will be determined if this is an exclusive or non-exclusive right?
Oscar Lauf
The additional access rights are given if there are no revenues or also if there are less revenues as expected? The revenues can also be delayed...
Henrik Søndergaard, Lund University
Comment related to Exploitation: EIT Food cannot have access right to background knowledge - but only foreground knowledge. Is it implicitly anticipated that EIT Food will be better to exploit than the involved parties ?What will happened if IP is within the companies and not materialised as a patent ?
Marie-Lou Manca /Univ of Helsinki
How does this transfer of Access rights work in practice? Are the partners Still allow to publish scientific articles?
Marie-Lou Manca /Univ of Helsinki
Could you answer the questions already asked? So we do not get lost.
Amaia Barrena
Is it complulsory to publish open Access?
Philipp Merkl
So an FTO is a mandatory part of the proposal?
Afzal, Imran {PEP}
apologies I had to step out for a moment and may have missed it: will you be providing a "what good looks like" document, so partners have something to refer to (for the documents that are being requested for the proposal submission).
Marie-Lou Manca /Univ of Helsinki
What is the expected lenght of a good business model?
Henrik Søndergaard, Lund University
Interested case related to the casing examples. But it does not seem to require University/Research involvement. Essentially the timeline since 2008 indicate a 12 year development of something, which might not in itself have the highest systemic complexity!
Marie-Lou Manca /Univ of Helsinki
Can we include & budget market analysis in our application?
Philipp Merkl
All that was presented points to the direction that EIT Food moves from being a funding agency to an investment agency, with a main focus on ROI. The required high TRL, increasing complexity of the proposal in financial and business terms and the required FTO further seem to argue that universities are moving out of the focus of EIT Food, unless you want to advance a TRL 7+ technology. Is this understanding correct?
Henrik Søndergaard, Lund University
Just to follow up on Philipp - is the value proposition of such an investment agency relevant for the current community of paying partners to EIT Food ? What are the considerations behind this.
Yvonne McMeel, Uni. of Reading
I agree with Imran, this would be helpful.
Melchor Martínez - ACESUR
is it possible to distribute the financial return payment between the partners that conform the exploiting party and if yes, how can the reimbursement procedure be done? I think that each company should be responsible of its reimbursement
Hayley Binia-Wolman (Technion)
could I please clarify my question you think is a comment?
Marie-Lou Manca /Univ of Helsinki
I support Philipp and Henrik's points and I invite EIT Food to consider seriously feedback from universities and hear that it becomes impossible for research organisations/universities to be part of such projects due to financial, TRL and complex rules. Happy to discuss about that further!
Afzal, Imran {PEP}
Thanks guys. have a good week everyone.
thank you, haw a nice day!
Oscar Lauf