Foundation for Finnish Inventions 2006

Foundation for Finnish Inventions 2006 Mission The Foundation for Finnish Inventions supports and promotes innovation and invention activities and the development and exploitation of inventions. Foundation for Finnish Inventions Foundation for Finnish Inventions is an important source of advice and support as well as finance for individuals, researchers and small enterprises. 1.5.2009 2 Services • • • • • • • • • Promotion of innovation and invention activities Information and advice services Evaluation of inventions Risk financing Promotion of patenting, product development and marketing of inventions Prototype workshop Legal services Marketing and commercialisation of inventions Communication activities 1.5.2009 3 Invention process and the services of the Foundation for Finnish Inventions IDEA EVALUATION PATENTING PRODUCT DEVELOPMENT COMMERCIALISATION  Advising on inventions and intellectual property rights  Invention-specific advice  Innovation projects  Market potential  Novelty and inventiveness  Technical features  Level of technology  Business potential  Funding of Finnish and international patenting  Guidance on design and planning  Guidance on business planning  Funding of technical, production and commercial product development  Prototype workshop  Funding of commercialisation  Legal advice  Marketing communication  Invention Market 1.5.2009 4 Foundation for Finnish Inventions • • • • Advisory services Invention proposals Funding applications Risk financing new projects • Projects commercialised 20 000 / year 2 500 / year 800–900 / year 200–250 / year 120–140 / year 40–50 / year 1.5.2009 5 Funding Funding is risk financing that enables the invention for a limited amount of time to enter the market as a product. Refund of the financing depends on the success of the commercialisation. Forms of funding • Grant • Support funding • Loan 1.5.2009 6 Funding criteria • • • • • Market potential Novelty and inventiveness Technical features Level of technology Business potential 1.5.2009 7 Amount and use of funding The amount of funding per invention varies between 2 000 and 200 000 euros. The funding covers the expenses related to the development of the invention – patenting, product development and commercialisation. 1.5.2009 8 Foundation for Finnish Inventions promoting inventions Promoting invention work Evaluation Advisory services Risk financing Grant Support funding Loan Protection of inventions Product development Marketing 1.5.2009 9 Invention development costs in euros Advice and evaluations National patent application Product development International patent application – PCT – EPC – Other countries (e.g. 5) Annual patent fees Business planning, commercialisation and marketing Test production and marketing Production and marketing Total 1 000,-… 3 000,-… 5 000,-… 2 000,7 000,100 000,-… 1 million 6 000,-… 6 000,-… 20 000,-… 2 000,-… 10 000,-… varies varies 20 000,-… 10 000,10 000,50 000,10 000,-… 70 000,-… 20 000,2 million 200 000,-… 5 million 1.5.2009 10 Public finance and support to inventions and business opportunities Finnish National Fund for Research and Development and other venture capitalists Venture capital PRODUCT ON THE MARKET 11 Employment and Economic Development Centres, Finnvera National Technology Agency of Finland Employment and Economic Development Centres Foundation for Finnish Inventions Research Idea Entrepreneurship funding, guarantees Technological product development Development and entrepreneurship training for inventors Evaluation, protection, product development and commercialisation of the invention Evaluation Patenting Planning Development of technology Marketing Market demand Product development Business planning Business activities 1.5.2009 How to proceed with your invention • Do not present your invention publicly before applying for a patent. • Assess the novelty value, patentability and benefits. • Evaluate the technical solution, functionality, market and competitiveness of your invention. • Contact the Foundation for Finnish Inventions or its invention advisors. 1.5.2009 12 Means to commercialise inventions Licensing vs. own production • • • • • • • Licence offers Invention Market: www.inventionmarket.fi Direct business contacts and negotiations Prototypes, videos and other promotional material Legal advice Fairs and exhibitions Publications 1.5.2009 13 Invention Market • Inventions funded by the Foundation for Finnish Inventions classified into 20 different sectors. • New products and business ideas to be licensed. • Excellent market place for inventors to promote their inventions directly to the right target groups. • www.inventionmarket.fi 1.5.2009 14 Commercialisation network Inventor Investor Producer Marketing organisation 1.5.2009 15 Invention advisors The Foundation for Finnish Inventions has a national network of 29 invention advisors at the Employment and Economic Development Centres and main universities. 1.5.2009 16 Invention advisors • • • • • • • • • • • • • Espoo / HUT (2) Helsinki Helsinki / HSE Helsinki / university (3) Joensuu Joensuu / university Jyväskylä Jyväskylä / university Kajaani Kouvola Kuopio Kuopio / university Lahti • • • • • • • • • • • • • Lappeenranta / LUT Mikkeli Oulu Oulu / university Pori Rovaniemi Seinäjoki Tampere Tampere / TUT Turku Turku / universities Vaasa Vaasa / universities and polytechnics 1.5.2009 17 Regional invention advisors Services • Promote innovativeness • Advise on intellectual property rights and invention business • Screen and evaluate invention proposals that meet the funding criteria of the Foundation for Finnish Inventions • Promote the production, technical and commercial exploitation of inventions Regional invention advisors work at Employment and Economic Development Centres. The network is financed by Employment and Economic Development Centres, the Foundation for Finnish Inventions and the National Board of Patenting and Registration. 1.5.2009 18 Invention advisors at universities Services • Promote innovativeness • Advise on intellectual property rights and invention business • Screen and evaluate invention proposals that meet the funding criteria of the Foundation for Finnish Inventions • Promote the production, technical and commercial exploitation of inventions Invention advisors work at universities. The network is financed by universities, the Foundation for Finnish Inventions and the National Board of Patenting and Registration. 1.5.2009 19 Purpose of inventions Entrepreneurship Ideas Competitiveness Inventions Internationalisation Innovations Employment 1.5.2009 20 Success = Product x Passion2 Olavi Linden, Fiskars 1.5.2009 21 Foundation for Finnish Inventions Contact details Tekniikantie 12 (Innopoli) P.O. Box 382 FI-02151 Espoo, Finland Tel. +358 20 737 3000 Information +358 20 737 3020 Fax +358 20 737 3001 keksintosaatio@keksintosaatio.fi 1.5.2009 22 www.innofin.com www.inventionmarket.fi