INNOVATION: WHICH SUPPORT TO LOOK FOR?
In their report on „Financing Business Innovation“, the World Bank Group Trade & Competitiveness differentiates three different phases of the innovaiton cycle during which companies and innovative researchers may require financial support:
> Phase 1: Knowledge Creation and Idea Generation
> Phase 2: Prototype Development and Market Demonstration
> Phase 3: Commercialisation and Scaling-up
SUPPORT FOR PHASE 1:
The financial support available for knowledge creation and idea generation typically includes:
> R&D tax incentives (please see your local chamber of commerce for guidance)
> R&D grants and other instruments to finance technology adoption and research-industry collaboration.
For R&D grants and other support to technology adoption and research-industry collaboration, please check out the following local and European sources:
Europe:
> European Commission Horizon 2020
> International Science Foundation
For an overview of all EU Funds see the latest EPRS Report
Morocco:
> General Confederation of Enterprises of Morocco (CGEM)
> Federation of Farming Enterprises (FEA)
> National Agro-Food Federation (FENAGRI)
> National Federation of Negociants in Cereals and Vegetables (FNCL)
> National Federation for Renewable Energies (FENELEC)
Tunisia:
> Portal for Tunisian Industry
> Centre d’Innovation et de Dévéloppement Technologique
> Programme PMN (Material Support for Research)
> Programme PCAM (Enterprise Support)
Algeria:
> National Agency fort he Valorisation of Research Results and Technological Development (ANVREDET)
> Ministry for Higher Education and Research (DGRSDT)
SUPPORT FOR PHASE 2:
The financial support available for prototype development and market demonstration typically includes :
> Business angels in your particular country and region (please see your local chamber of commerce for guidance)
> Crowdfunding
> Pre-commercial procurement, see Tenders Electronic Daily (http://ted.europa.eu) for Europe as well as corresponding local public services in your country
For further local information and consultation, please contact:
> Morocco : http://www.cgem.ma
> Tunisia : http://www.tunisieindustrie.nat.tn/fr/home.asp
> Algeria : http://www.anvredet.org.dz
SUPPORT FOR PHASE 3:
The financial support available for commercialisation and scale-up typically includes :
> Venture capital
> Stock market
> Bank debt
> Specialist finance providers and other sources
For details please see your local banks and or chambers of commerce for guidance.