The World Bank Report No: ISR2013 Implementation Status & Results Croatia Public Disclosure Copy Science & Technology Project (P080258) Operation Name: Science & Technology Project (P080258) Project Stage: Implementation Seq.No: 12 Status: ARCHIVED Last Modified Date: 08-Dec-2010 Country: Croatia Approval FY: 2006 Product Line: IBRD/IDA Region: EUROPE AND CENTRAL ASIA Lending Instrument: Specific Investment Loan Implementing Agency(ies): Ministry of Science, Education and Sports, Brodarski Institute, BICRO, Rudjer Boskovic Institute, University of Zagreb, University of Rijeka Key Dates Board Approval Date 07-Jul-2005 Original Closing Date 30-Nov-2009 Planned Mid Term Review Date 29-Jun-2007 Last Archived ISR Date 30-Apr-2010 Effectiveness Date 11-May-2006 Revised Closing Date 31-May-2011 Actual Mid Term Review Date 24-Oct-2008 Project Development Objectives Project Development Objective (from Project Appraisal Document) A revised Project Development Objective is (a) to enable research and development institutions to commercialize research outputs; and (b) to increase the ability of enterprises, particularly small and medium sized companies, to invest in research and development (R&D) activities. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Restructuring of RDIs 14.84 BICRO 22.06 UK Fund 6.45 Project implementation support 2.32 Public Disclosure Copy Encouraging the commercialization of publicly-funded R&D 15.17 R&D Financing Program for Enterprises 16.98 UKF 6.51 Project Implementation 2.72 Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating Page 1 of 9 The World Bank Report No: ISR2013 Implementation Status Overview The project is progressing well towards achieving its development objectives. The commercialization of public R&D continues to increase through research contracts, more patenting, Public Disclosure Copy licensing agreements and spillover companies. Rudjer Innovations, a subsidiary of Rudjer Boskovic Institute, has recently established a new spin-off company, Artes Calculi, which has already sold several licenses, including to the Massachusetts Institute of Technology and Brown University. First projects under BICRO's R&D financing programs for SMEs have been completed with companies offering their new products and services to the market and incurring revenue or attracting further investments for its spin-offs. There is a steady increase in the volume of private R&D mobilized through program financing, currently over EUR12.0 million. Results Project Development Objective Indicators Indicator Baseline Current End Target Indicator Name Value Value Value Increased number of research contracts with the industry 2.00 59.00 55.00 Date Date Date 31-Dec-2006 30-Sep-2010 31-Dec-2011 Type Unit of Measure Comment Comment Comment Custom Indicator Number 33 contracts are concluded by End target is corrected from 30 to Brodarski Institute (BI), and 26 55 as compared to earlier report to contracts by Unity through include the target for UKF, in Knowledge Fund (UKF) addition to BI target of 30 contracts Indicator Baseline Current End Target Indicator Name Value Value Value Increased value of research contracts with the industry 715500.00 12285000.00 11448000.00 Date Date Date 31-Dec-2006 30-Sep-2010 31-Dec-2011 Type Unit of Measure Comment Comment Comment Custom Indicator Amount(USD) EUR 500,000.00 Calculated based on Client EUR 9,000,000.00; End target is Public Disclosure Copy Connection exchange rate (1.365) corrected from EUR 8,000,000.00 of 09/30/2010. as compared to earlier report to EUR 9,000,000.00 (EUR include the target for UKF, in 7,200,000.00 by BI, and EUR addition to BI target contracts 1,800,000.00 by UKF); target agreed in EUR terms. Page 2 of 9 The World Bank Report No: ISR2013 Indicator Baseline Current End Target Public Disclosure Copy Indicator Name Value Value Value Increased commercialization of R&D results, as measured by number 0.00 4.00 8.00 of spillovers (including joint ventures) Date Date Date 31-Dec-2006 30-Sep-2010 31-Dec-2011 Type Unit of Measure Comment Comment Comment Custom Indicator Number Contracts for the 5th spin-off, Artes Calculi, have been concluded, with investments to follow in December 2010. Indicator Baseline Current End Target Indicator Name Value Value Value Increased commercialization of R&D results, as measured by value of 0.00 4193280.00 4092660.00 spillovers (including joint ventures) Date Date Date 31-Dec-2006 30-Sep-2010 31-Dec-2011 Type Unit of Measure Comment Comment Comment Custom Indicator Amount(USD) RI's calculations corresponding to Calculated based on Client the sum of each company's Connection exchange rate (1.365) estimated net expected value. of 09/30/2010. EUR 3,072,000 as calculated and reported in the Q3/2010 Quarterly Project Management Report. Indicator Baseline Current End Target Indicator Name Value Value Value Increased commercialization of R&D results, as measured by number 0.00 12.00 8.00 of licensing agreements signed with the business sector Date Date Date Public Disclosure Copy 31-Dec-2006 30-Sep-2010 31-Dec-2011 Type Unit of Measure Comment Comment Comment Custom Indicator Number As signed by RI and other TTOs. Includes commercial agreements related to licensing of Intellectual Property. Page 3 of 9 The World Bank Report No: ISR2013 Indicator Baseline Current End Target Public Disclosure Copy Indicator Name Value Value Value Increased commercialization of R&D results, as measured by value of 0.00 1027845.00 1431000.00 licensing agreements signed with the business sector Date Date Date 31-Dec-2006 30-Sep-2010 31-Dec-2011 Type Unit of Measure Comment Comment Comment Custom Indicator Amount(USD) Calculated based on Client EUR 1,000,000.00 Connection exchange rate (1.365) of 09/30/2010. EUR 753,000 (target agreed in EUR terms). Indicator Baseline Current End Target Indicator Name Value Value Value Increased development, use and adaption of technology by the 7.22 0.00 7.00 enterprise sector as measured by SMEs that have new or significantly improved products new to the market maintained (as share of total ente Date Date Date 31-Dec-2006 30-Sep-2010 31-Dec-2011 Type Unit of Measure Comment Comment Comment Custom Indicator Percentage n/a Indicator Baseline Current End Target Indicator Name Value Value Value Increased development, use and adaption of technology by the 8586000.00 17199000.00 13165200.00 enterprise sector as measured by volume of private R&D mobilized Date Date Date (through programs supported by STP) 31-Dec-2006 30-Sep-2010 31-Dec-2011 Type Unit of Measure Comment Comment Comment Custom Indicator Amount(USD) Calculated based on Client EUR 9,200,000.00 Public Disclosure Copy Connection exchange rate (1.365) of 09/30/2010. EUR 12,600,000.00 (target agreed in EUR terms). Intermediate Results Indicators Page 4 of 9 The World Bank Report No: ISR2013 Indicator Baseline Current End Target Public Disclosure Copy Indicator Name Value Value Value BI#s share of revenues from private companies 22.00 40.00 35.00 Date Date Date 31-Dec-2006 30-Sep-2010 31-Dec-2011 Type Unit of Measure Comment Comment Comment Custom Indicator Percentage Indicator Baseline Current End Target Indicator Name Value Value Value IP taken to protection from RBI and third parties 0.00 36.00 60.00 Date Date Date 31-Dec-2006 30-Sep-2010 31-Dec-2011 Type Unit of Measure Comment Comment Comment Custom Indicator Number Indicator Baseline Current End Target Indicator Name Value Value Value Number of patents granted to RI 0.00 4.00 6.00 Date Date Date 31-Dec-2006 30-Sep-2010 31-Dec-2011 Type Unit of Measure Comment Comment Comment Custom Indicator Number Indicator Baseline Current End Target Indicator Name Value Value Value IP transferred to Zagreb and Rijeka#s TTOs 0.00 10.00 20.00 Public Disclosure Copy Date Date Date 31-Dec-2006 30-Sep-2010 31-Dec-2011 Type Unit of Measure Comment Comment Comment Custom Indicator Number Page 5 of 9 The World Bank Report No: ISR2013 Indicator Baseline Current End Target Public Disclosure Copy Indicator Name Value Value Value Number of patents filed by the TTOs 0.00 3.00 8.00 Date Date Date 31-Dec-2006 30-Sep-2010 31-Dec-2011 Type Unit of Measure Comment Comment Comment Custom Indicator Number Indicator Baseline Current End Target Indicator Name Value Value Value Number of SMEs directly supported by BICRO programs 37.00 82.00 78.00 Date Date Date 31-Dec-2006 30-Sep-2010 31-Dec-2011 Type Unit of Measure Comment Comment Comment Custom Indicator Number Indicator Baseline Current End Target Indicator Name Value Value Value RAZUM program 25800930.00 46000500.00 48196080.00 Date Date Date 31-Dec-2006 30-Sep-2010 31-Dec-2011 Type Unit of Measure Comment Comment Comment Custom Indicator Amount(USD) Calculated based on Client EUR 33,680,000.00 Connection exchange rate (1.365) of 09/30/2010. EUR 33,700,000.00 (target agreed in EUR terms). Public Disclosure Copy Indicator Baseline Current End Target Indicator Name Value Value Value TECHCRO program (number of projects) 0.00 11.00 12.00 Date Date Date 31-Dec-2006 30-Sep-2010 31-Dec-2011 Type Unit of Measure Comment Comment Comment Custom Indicator Number Page 6 of 9 The World Bank Report No: ISR2013 Indicator Baseline Current End Target Public Disclosure Copy Indicator Name Value Value Value SPREAD program 0.00 1007860.00 2146500.00 Date Date Date 31-Dec-2006 30-Sep-2010 31-Dec-2011 Type Unit of Measure Comment Comment Comment Custom Indicator Amount(USD) Calculated based on Client EUR 1,500,000.00 Connection exchange rate (1.365) of 09/30/2010. EUR 1,300,000.00 (target agreed in EUR terms). Indicator Baseline Current End Target Indicator Name Value Value Value Number of projects supported by the Unity through Knowledge Fund 0.00 70.00 50.00 (UKF) Date Date Date 31-Dec-2006 30-Sep-2010 31-Dec-2011 Type Unit of Measure Comment Comment Comment Custom Indicator Number Indicator Baseline Current End Target Indicator Name Value Value Value UKF Projects with Croatians living abroad 0.00 37.00 30.00 Date Date Date 31-Dec-2006 30-Sep-2010 31-Dec-2011 Type Unit of Measure Comment Comment Comment Custom Indicator Number Public Disclosure Copy Indicator Baseline Current End Target Indicator Name Value Value Value UKF Projects involving cooperation with the industry 0.00 26.00 15.00 Date Date Date 31-Dec-2006 30-Sep-2010 31-Dec-2011 Type Unit of Measure Comment Comment Comment Custom Indicator Number Page 7 of 9 The World Bank Report No: ISR2013 Indicator Baseline Current End Target Public Disclosure Copy Indicator Name Value Value Value UKF Projects with young scientists 0.00 39.00 15.00 Date Date Date 31-Dec-2006 30-Sep-2010 31-Dec-2011 Type Unit of Measure Comment Comment Comment Custom Indicator Number Indicator Baseline Current End Target Indicator Name Value Value Value Projects successfully completed (as evaluated by UKF evaluation 0.00 30.00 30.00 committee) Date Date Date 31-Dec-2006 30-Sep-2010 31-Dec-2011 Type Unit of Measure Comment Comment Comment Custom Indicator Number Data on Financial Performance (as of 12-Oct-2010) Financial Agreement(s) Key Dates Project Loan No. Status Approval Date Signing Date Effectiveness Date Closing Date P080258 IBRD-73200 Effective 07-Jul-2005 16-Sep-2005 11-May-2006 31-May-2011 Disbursements (in Millions) Project Loan No. Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P080258 IBRD-73200 Effective USD 40.00 38.70 1.30 32.05 9.08 83.00 Disbursement Graph Public Disclosure Copy Page 8 of 9 The World Bank Report No: ISR2013 Public Disclosure Copy Key Decisions Regarding Implementation None Restructuring History Board Approved on 28-Jul-2009 Related Projects There are no related projects. Public Disclosure Copy Page 9 of 9