Projects financed by the European Union
IESE is a core member of the Knowledge and Innovation Community (KIC) EIT Health and has extensive experience in managing projects financed by the European Union. Those include the Horizon 2020 and FP7 Framework cooperation programs with its Marie Skłodowska-Curie fellowships and prestigious European Research Council (ERC) Starting and Advanced Grants. Below is a list of some of the research projects financed by the European Union which have involved IESE participation.
Horizon 2020: EU Framework Programme for Research and Innovation
IESE Faculty: Prof. Juan Roure
15 partners (mainly national business support agencies) from 12 European countries joined their efforts in GO-SME project. Throughout the EU, the fragmentation of innovation ecosystems and the lack of interconnection between public national and regional agencies appear to be one of the main obstacles to securing support for the most promising SMEs. The GO-SME project responds to the need to provide financial support to SMEs and start-ups for the development of their innovative ideas. The aim of GO-SME is to share the best practices of participating research funding organisations (RFOs) and their mutual learning in designing programmes which would support SMEs and start-ups in an initial assessment of their innovative ideas so that they can progress to more advanced stages of innovation development. To achieve this aim, a combination of the following activities will be used: 1/learning from best practices already applied in support schemes for innovative SMEs and startups, 2/motivation of agencies from widening countries to design innovation support schemes for SMEs and start-ups, 3/cooperation in the setting up of comparable support schemes and sets of selection criteria, 4/sharing of best practices in the work with (international) experts and sharing of their pools 5/learning from best practices in providing coaching and mentoring services to innovative SMEs and start-ups 6/mutual opening up pools of coaches and mentors 7/offering of special services to running projects which will be selected as the most promising by an independent international panel. The added value of the project rests in its ambition to design national and regional programmes supporting innovative SMEs which could act as a pipeline for the EIC Accelerator and be part of the “plug-in” mechanism. At the same time, it can serve as a pilot project for a possible partnership co-funded from innovation ecosystems in the Horizon Europe programme.
IESE Faculty: Prof. Diego Aparicio
Will there exist price convergence in the online marketplaces? Is the economy shifting to a form of uniform pricing (each user observes the same price) or to a form of personalized pricing (discounts or prices are specific to groups of consumers)? From a managerial standpoint: What are companies’ optimal pricing strategies? What are the optimal frequencies of price changes? What is the optimal personalization? From the consumer standpoint: What are the behavioral reactions? What are the fairness concerns to those strategies? The research supported by this grant will allow to address these questions. The research lies in the intersection of pricing and big data using data from two main sources: data collected from online marketplaces; and data obtained from field experiments in partnerships with leading European retailers. The study of pricing and big data are core priorities for government agencies in Europe and the United States. For instance, big data is one of the five priorities under the “Digitizing European Industry” initiative and of Horizon 2020. The research will extract concrete implications. For academics, the development of advanced pricing optimization. For managers, the implementation of pricing algorithms in collaboration with academics that incorporates consumers’ concerns. And for policymakers, the understanding and thereby design of policies that regulate and increase price transparency, in a world where the barriers to using personalized data are increasingly complex.
“This project has received funding from the European Union’s Horizon 2020 research and innovation programme under the Marie Sklodowska-Curie grant agreement No 892142”.
IESE Faculty: Prof. Xavier Vives
The project intends to study the effect of the ownership structure of firms on competition in product markets, innovation, and aggregate outcomes, and derive welfare and policy implications. The rise of institutional investment, with the profound changes in the asset management industry in recent decades, has implied important variations in the ownership structure of firms. Among them, there has been a formidable increase in common ownership of firms in the same industry, which has raised antitrust concerns, mostly in the US but also in the EU. At the same time, a lack of dynamism in terms of entry and exit, investment and innovation, linked to potential secular stagnation of advanced economies, has been perceived, and blamed on the rise of market power. The proposed research will develop mostly theoretical models to study the effects of changes in the investment industry and firms’ ownership patterns on product markets and the general equilibrium macroeconomic consequences. The proposal consists of five strands. The first three purport to study the effect of changes of the market structure of the investment industry and ownership structure of firms on: i) market power in product markets; ii) investment and innovation incentives in the presence of technological spillovers among firms; and iii) aggregate output, investment, labour supply and income distribution. The fourth strand aims to develop empirical assessments of the developed theory. The final strand of the proposal will derive the antitrust and regulatory implications of the results. Particular attention will be devoted to the impact of changes in the network of control rights and cash flow rights of firms’ owners. The novelty of the approach lies in the integration of the perspectives and tools of industrial organization, corporate finance, and network theory to provide a global view of the relationship between ownership structure, competition and innovation.
“This project has received funding from the European Research Council (ERC) under the European Union’s Horizon 2020 research and innovation programme (Grant Agreement No 789013)”.
IESE Faculty: Prof. Julia Prats
The STARTED project will put in place a project-based learning approach for developing entrepreneurial skills (and spirit) in researchers, to foster interactions between stakeholders in R&D innovation, and to guide the transfer of innovative projects through to startups.
This project will enable the setting up of a European Research-to-Startup Centre (ERSC) supported by a shared web-platform centralising ad hoc learning and training contents/tools/guidelines to create/help future entrepreneurs, with dedicated modules to promote interactions with R&D organisations, technical centres or business angels (ResearchInno database and forum). The scope of dissemination in this project is wide-reaching considering the imperative of national R&D bodies and the support of European startup organisations.
The main benefits for European society are: the creation of durable bridges between research organisations and startup ecosystem stakeholders, development of entrepreneurial skills through guided self-learning, increasing student employability by IDEs (innovation-driven enterprises), and improvement of innovation transfer to businesses in a variety of sectors in search of competitiveness enhancement (agriculture, tourism, fitness, etc.).
IESE Faculty: Prof. Julia Prats
InvestHorizon is a programme financed by the European Commission, in association with Eureka, to facilitate series A funding for selected deep tech companies boosting their investment readiness and investor relations.
The commission aim to offer support to innovative high-growth potential SMEs from EU Member States, Associated countries to Horizon 2020 and Eureka member countries, partner countries or Associated countries to Eureka, to improve their access to finance. The Contractor will provide investment readiness services, which aim to help and prepare innovative high-growth potential SMEs to become investment ready. The services will be customized for each SME according to the specific needs identified within the frame of the services described in the tender specifications.
IESE Faculty: Prof. Sampsa Samila
While gender and ethnic diversity have increased in the workforce, the evidence is much less clear on whether there has been an increase in gender and ethnic integration, i.e., people actually working together across gender and ethnic lines. This project will analyse large databases (1) to assess trends in gender and ethnic integration in science, innovation, and entrepreneurship, (2) to understand the causes and consequences of gender and ethnic integration as well as potential barriers, and (3) to improve the methodology in the study of gender and ethnic integration and to develop indices that could be used to track changes. The project is specifically focused on European data and will consider issues related to differences in the level of integration within as well as between countries. Furthermore, the project will be able to analyze integration at multiple levels including team, organization, city, and field. The project will use large databases including PATSTAT, Microsoft Academic Graph, and government registry data, combined with name-matching algorithms to estimate the gender and ethnicity of the scientists, inventors, and entrepreneurs. The results of the project are highly relevant for scholars studying innovation, entrepreneurship, social inclusion, social structure, and inequality. The results will also be translated into insights for managers to help them understand and possibly integration in their organizations, yielding greater creativity and innovativeness. Furthermore, the results are of interest to policy makers as increasing gender and ethnic integration within Europe would help European competitiveness as well as the cohesion of European societies.
“This project has received funding from the European Union’s Horizon 2020 research and innovation programme under the Marie Sklodowska-Curie grant agreement No 799330”.
IESE Faculty: Prof. Julia Prats
The overall objective of the “TechCapMarkets” project is to enable an increase in the supply of alternative finance for innovative SMEs, and in particular equity finance, by improving the exit opportunities for shareholders in private innovative SMEs. The project will also cover the use of the capital markets to diversify and increase the supply of alternative finance to innovative SMEs via venture capital funds. The project deliberately focuses on this specific component of the alternative finance ecosystem.
The project will form Expert Working Groups (EWGs), composed of market practitioners, and guided by a high-level advisory group (HLAG), that will conduct consultations around specific topics related to the use of public and private markets as an exit option for alternative financiers and their use as a source of alternative finance. Given the early and emerging nature of some of these areas, e.g. secondary trading markets for shares in private SMEs, it is highly important to bring to the wider alternative finance ecosystem all the latest and cutting edge experience of market experts.
IESE Faculty: Prof. Juan Roure, Juan Luis Segurado and Amparo de San José
Promising ICT project results obtained in the course of H2020/FP7/CIP programmes are expected to lead to innovative solutions in fields like Energy, Life Sciences, Health, Ambient Intelligence, Transport, Industry 4.0, SmartCities, etc. However, most of results are early stage disruptive innovations from technology and/or applications point of view. If their potential economic impact is attractive, they face challenges before reaching any commercial exploitation and require specialised support. IRSUS will bridge the gaps faced by innovators (research teams, SMEs, spinoffs & startups) to reach the market with a feasible, viable and attractive business case and strategy for users, clients, partners and investors. IRSUS will create value to support innovators through the road to market.170 promising ICT innovations coming from research projects and detected by the Innovation Radar methodology by the EC will directly benefit from IRSUS activities, to successfully drive their way to markets and to reach commercial exploitation. IRSUS consortium will: 1 Introduce business-related elements into the core of the innovators 2 Provide them with training, partnering and individual/group business support services (mentoring, private&public funding, support to licensing, etc). Services will be strengthen with external specialised actors, e.g. business coaches or corporate funds. Ready for investment innovators will be introduced to our Advisory Board of Investors. 3 Connect innovators with already existing public & private initiatives to maximize the quality and quantity of delivered services. 4 Raise awareness on innovations to make an impact on the whole European R&I ecosystem. The complementary consortium partners include expertise in value creation of R&I results, business & entrepreneurship, EU projects & funding sources and cover the whole EU geography (ZABALA and IESE Business School in Spain; innomine in Hungary, DOCOMO Digital in Italy; etVenture Startup Hub in Germany).
IESE Faculty: Prof. Juan Roure, Juan Luis Segurado, Amparo de San José
Abstract: The overall concept of the project consist of supporting innovation in SMEs and fostering the smart reindustrialization of Europe by enabling the emergence of new cross-border and cross-sectoral value chains resulting from the translation of advanced technologies among selected sectors with strong synergies. These new value chains will be created from the interaction of the following sectors: aerospace,agro-food sector, Health & medical devices and ICT.
The project will take of 36Months. The development of the new value chains will be facilitated setting up geographical poles of activitiy in different regions across ES, PT,NL, IL and PL, comprising: Cluster/ SME intermediaries, which help create an appropriate innovation ecosystems;RTD centres. which are able to assess the potential and viability of the proposed new value chains for SMEs innovative services or products. Besides, a third kind of entity, theinnovation facilitatorswill operate at a cross-cluster level, organizing funding rounds to complement with private funds EU public support and establishing networks for collaboration. More than 50 letters of support signed by different type of stakeholders.
ACTTiVAte will undertake 2 kind of activities to optimize the benefits to SMEs: a) Direct funding of SMEs innovative projects. Competitive calls will be launched in the proposed technology areas.Thewining projects (30) will receive an amount of up to 50.000€ each from a total of a 1,5M€ from the project budget. The selection criteria will consider both the technical feasibility and viability and the socioeconomic impact. Investment rounds will be organized to raise private funding to multiply the effect of public investment. b) Activities aimed at creating a favourable environment for the innovation in SMEs, such as brockerage events, mentoring, coaching, mobility and exchange programs among other initiatives. The demonstration of the project at large scale will also be carried out during the project.
IESE Faculty: Prof. Joan Enric Ricart and Prof. Pascual Berrone.
Partner institutions: Stockholms stad, Stadt Köln, Institut Municipal d’Informàtica de Barcelona, ICLEI European Secretariat GmbH, Kungliga Tekniska Högskolan (KTH), Stadt Graz, Municipiul Suceava, Authority for Transport in Malta, Câmara Municipal do Porto, Cork City Council, Regional Environmental Center for Central and Eastern Europe (REC), Envac AB, Dalkia Sverige AB, Fortum Power and Heat AB, Carrier Transport AB, Skanska Sverige AB, Info24 AB, Insero E-Mobility AS (IEM), RheinEnergie (RE), ampido GmbH, STATTAUTO Köln Gesellschaft für Car Sharing mbH, AGT Group (R&D) GmbH, Deutsche Wohnungsgesellschaft mbH (DEWOG), Endesa SA, RETEVISION I, S.A., Anteverti Consulting SL, Barcelona Supercomputing Center – Centro Nacional de Supercomputación (BSC), Centre d’Innovació del Transport (CENIT), Gas Natural SDG, S.L., Fundació Privada I2CAT, Institut de Recerca en Energia de Catalunya (IREC), Philips GmbH, Schneider Electric Industries SAS, UrbisUp Consulting SL, Promoting Operational Links with Integrated Services (POLIS), IBM Svenska AB.
GrowSmarter aims to improve the quality of life for European citizens by better mobility, housing and the quality of urban infrastructure while improving the citizens economy by lower energy costs and creating as much as 1500 new jobs (on the demonstration level); to reduce the environmental impact by lower energy needs by 60 % and increased use of renewable energy thus reducing GHG emissions even more; and to create sustainable economic development by demonstrating and preparing a wider rollout of smart solutions.
GrowSmarter will demonstrate at 3 lighthouse cities 12 smart, integrated solutions as a way of preparing for a wider market rollout. These solutions are integrated in specially chosen sites making demonstration easy to reach and take part of for the 5 follower cities and other European and international study groups. All the smart solutions are fit into the Lighthouse-cities strategic development plans and the follower cities replication plans.
The solutions solve common urban challenges such as renewal of existing buildings (GrowSmarter demonstrates the cost efficient renewal of 100.000 square meters of Nearly Zero or low energy districts reducing energy demand by 70-90%), integrated infrastructures for ICT, street lighting, smart grids district heating and smarter waste handling or sustainable urban mobility for both passenger and gods integrated in smart grids, biofuels from household waste thus reducing local air quality emissions by 60%.
The integration of Cities, strong group of industrial partners together and quality research organisations guarantee that the solutions will be both validated by independent research organisations and transformed into Smart Business Solutions by industry for the wider rollout to Europe.
Growsmarter builds on integrated, close to the market solutions, to form business models for their wider deployment by the industrial partners. The project will help Europe GrowSmarter!
IESE Faculty: Prof. Jaume Ribera and Magda Rosenmöller, Center for Research in Healthcare Innovation Management (CHRIM)
Partner institutions: Instituto de Medicina Molecular da Universidade de Lisboa, Universitat Pompeu Fabra, Technopage SA, CEAMED SA, ProteoDesign SL, Universidade Federal do Rio de Janeiro, University of Queensland, Stanford University, Instituto Ciência Hoje (ICH).
INPACT aims at the pre-clinical development of innovative drugs and drug formulations against selected cancers (e.g. prostate cancer) and pathogenic bacteria (e.g. S. aureus). The INPACT consortium allies the expertise of both academic and industrial R&D partners that contribute with their own unique technologies to achieve new drugs that are only possible to develop in an integrative effort. Academic partners have unique knowledge and technologies on supercharged viral proteins-derived cell-penetrating peptides (eg from Dengue virus) and ultra-resistant cyclic peptides that may be transferred to the industrial partners, which in turn have specialized proprietary technologies on anticancer and/or peptide drugs’ technologies. The judicious exchange of knowledge among partners will lead to new resistant peptides for trans-barrier delivery of drugs (eg cyclic peptide-drug chimeras) and bacterial killing (both planktonic and biofilms). INPACT includes four leading academic partners (from Portugal, Spain, Australia, and Brazil) and three consolidated biotech SMEs (one from Portugal and two Spain).
In addition to the R&D project itself, INPACT involves at the highest possible level a top business school in Europe (IESE, Barcelona, Spain), a consolidated media partner specialised in science communication (Ciencia Hoje, Rio de Janeiro, Brazil) and experts in international science funding from one of the top US universities (University of Stanford). The consortium will be the perfect environment for young researchers to acquire knowledge and skills in science, technology, entrepreneurship, business, and communication so they can pro-actively tailor their career path in a life-long learning perspective. This is a contribution towards the advancement of Europe through the use of research and education for societal development and economic growth.
IESE Faculty: Prof. Jaume Ribera and Magda Rosenmöller, Center for Research in Healthcare Innovation Management (CHRIM)
EIT Health is one of the most recent Knowledge and Innovation Communities (KICs) of the EIT (European Institute for Innovation & Technology). Its goal is to improve the sustainability of healthcare systems, promote healthy living and active ageing and enhance the overall wellbeing of people across Europe.
EIT Health brings together more than 130 leading organizations (higher education institutions, research labs and companies from key areas of healthcare as well as healthcare providers, public authorities and municipalities) to form dynamic cross-border partnerships that develop innovative products and services, start new companies, and train a new generation of entrepreneurs. EIT Health partners are organized in six co-location centers in UK/Ireland, Scandinavia, Spain, France, Germany/Switzerland and Belgium/Netherlands and also supported by the EIT Health InnoStars regional clusters (from Croatia, Hungary, Poland, Portugal, Italy, and Wales).