COme to WIN in leveraging the European competitiveness in miniaturized smart systems
With the launch of the COWIN initiative, the European Research community has engaged in a new step towards value creation in miniaturized smart systems.
Francisco Ibanez, Deputy Head of Unit, Micro and Nanosystems ICT programme at the European Commission, explains “the European industry is a world leader in miniaturized smart systems. Europe benefits of state-of-the-
COWIN is supporting innovation stakeholders – industrial, academic and investors - to extract the best of the European collaborative research in:
- identifying attractive and advanced technologies fitting with their needs and expectations
- generating added value projects by reusing advanced technologies already developed
- supporting the creation of start-up companies
- supporting investment in companies, key technologies and IP.
COWIN is already identified as a key tool for industrial companies willing to capture innovation in smart systems. As states Jean Luc Mate, General Manager at Continental Automotive: "COWIN can be a new radar for industry leaders to detect innovation from their outside world" but he also adds as President of the EUREKA cluster EURIPIDES “I was expecting from a long time a new seamless on demand information process to plug FP R&D results into our SMART SYSTEM industry based EURIPIDES cluster. We decide to partner on this support action to validate an easy to implement cooperation scheme. Our clear goal with COWIN is to explore new opportunities for generating new EURIPIDES projects on innovation from European collaborative results”.
If Europe’s industry is world leading in smart systems, most of Venture Capital’s backed start-up companies are still located in North America. They represent about 70% of global VC’s backed companies in smart systems (source: Yole Finance). In facilitating interaction between public and private investment in Europe, COWIN will also contribute to the innovation take-up. According to Mr. Geoffroy Dubus, Partner Venture Capital at Gimv, a major European Venture Capital provider for high-tech companies, “Miniaturized smart systems are part of our investment targets. COWIN will contribute to our screening process of added-value technologies and spin-off from world class European research centres. We are quite enthusiastic about this new initiative. COWIN has our full support”.
Matchmakers between technology providers, users and investors to turn R&D into commercial offers, COWIN partners benefit from their experience and track record in innovation commercialization. COWIN’s team is composed of Yole Développement and Yole Finance (France), coordinator of the project, VDI/VDE-IT (Germany), Zabala Innovation Consulting (Spain), Euripides - the Eureka Cluster in smart systems (France) and Tartu Biotechnology Park (Estonia).
To make this initiative a success, COWIN partners are combining their technical and market expertise to make emerge business opportunities. They share their unique innovation network composed of all stakeholders in smart systems including public and private investors, Eureka community and network, regulatory bodies, end-users, industrial and academic communities. COWIN is also supported by large organizations including EPoSS, the European Technology Platform on Smart System Integration.
Géraldine Andrieux Gustin, COWIN’s coordinator, explains: “COWIN is operational and pragmatic. We are working hand in hand with research projects partners. We are providing individual support to leverage the value of their work and to reach maturity for further investment. We also give access to COWIN innovation network to identify best of best partners.
We concentrate our efforts to reach concrete results in bridging the gap to market. Our objective is that with our support new products based on European R&D research become available on the market”.
COWIN is a support action launched under the 7th framework Program for 3 years to strengthen the European competitiveness in miniaturized smart systems. This initiative is dedicated to the commercial exploitation of advanced technologies developed in the framework of European collaborative research projects.
COWIN’s mission is to facilitate take-up of the advanced technologies worthy of investments, in order to capture innovation, win new markets and make a profit.
For more information about COWIN, please contact Géraldine Andrieux Gustin, COWIN coordinator
Mrs. Géraldine Andrieux Gustin
Yole Finance partner
+ 33 675 800 829
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Yole Développement, world leader in the analysis of disruptive semiconductor applications and markets, is in contact with industrial companies, R&D institutes and investors worldwide in order to help them understand the market and technology trends.