The World Bank Implementation Status & Results Report Unleashing Productive Innovation Project (P106752) Unleashing Productive Innovation Project (P106752) LATIN AMERICA AND CARIBBEAN | Argentina | Finance, Competitiveness and Innovation Global Practice | IBRD/IDA | Investment Project Financing | FY 2009 | Seq No: 22 | ARCHIVED on 25-Sep-2019 | ISR36798 | Implementing Agencies: The Argentine Republic, Agencia Nacional de Promocion Cientifica y Tecnologica Key Dates Key Project Dates Bank Approval Date: 25-Sep-2008 Effectiveness Date: 21-Aug-2009 Planned Mid Term Review Date: 12-Nov-2012 Actual Mid-Term Review Date: 12-Nov-2012 Original Closing Date: 30-Sep-2014 Revised Closing Date: 25-Sep-2019 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The Objective of the Project is to expand the Borrower's capacity to generate productive innovation in knowledge-based areas by: (a) facilitating the creation of new knowledge-based companies; (b) developing specialized human capital; (c) supporting productive research innovation activities and their technology commercialization in the areas of biotechnology, nanotechnology and information and communication technology; (d) upgrading the research infrastructure in the areas of science, technology and productive innovation; and (e) strengthening the policy framework governing science, technology, and productive innovation. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Developing human capital for productive innovation:(Cost $30.50 M) Support to new knowledge-based companies:(Cost $24.00 M) Support for Innovation Projects in Consortia and Individual Firms:(Cost $71.00 M) Upgrading research infrastructure:(Cost $52.00 M) Strengthening and informing the policy and institutional framework:(Cost $16.50 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating Moderate Moderate Implementation Status and Key Decisions A World Bank team reviewed the project progress between January and August 2019. This included a visit to Buenos Aires, Mendoza and Rosario from March 26 to April 9, 2019 to review the implementation progress, visit project beneficiaries and discuss results to date, as well as continued work with the PIU, which included completion of two impact evaluations for two project components. 9/25/2019 Page 1 of 7 The World Bank Implementation Status & Results Report Unleashing Productive Innovation Project (P106752) During field visits in Rosario, Mendoza and Greater Buenos Aires regions the Bank team met more than 150 beneficiaries (direct and indirect), and visited 30 projects, 15 new technology-based start-up companies created by the project, and 6 public-private research partnerships supported by the Project, as well as a sample of professionals who have been supported by the project’s human capital development component. The Project has achieved all of its 5 development objectives indicators, including the pending Project Development Objective (PDO) indicator on the number of disclosures made by CONICET researchers. Moreover, results have improved on those PDO indicators that have already achieved their original targets. For example, the number of new technology-based companies created during the project, and officially completed registration, are now at 63 (the target was 30), and another 15 are expected to be officially registered within October 2019. Similarly, in 2 other PDOs indicators that have already achieved targets the final results were revised upward. These include those relating to 1) percentage of firms/research consortia/labs supported by the project that resulted in new products and/or markets (in August 2019 this percentage was at 47%, the target being 40%), and 2) additional investments catalyzed/crowded in by the private sector (target was 32 million USD and, by August 2019, the additional investments were over 48 million USD considering only formal project counterpart investments). In total, 14 of the 16 intermediary result indicators have been achieved. The one of the two remaining - "the number of graduates from G-TEC", is currently at 375 (target is 400), however it is also expected to be achieved by project closing. As part of the next steps, the team will organize a learning event on project experiences and results; the project will continue compiling and expanding on project results and impact evaluations (including additional updates from beneficiaries, and other studies); and a technical mission will be held to prepare the first draft of the respective Implementation Completion Reports (ICR) by both teams. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance -- Low Low Macroeconomic -- Substantial High Sector Strategies and Policies -- Low Low Technical Design of Project or Program -- Low Low Institutional Capacity for Implementation and Sustainability -- Substantial Substantial Fiduciary -- Low Low Environment and Social -- Low Low Stakeholders -- Low Low Other -- -- -- Overall -- Moderate Moderate Results PDO Indicators by Objectives / Outcomes Number of firms that increased innovation investment and practices IN00694876 ►Percentage of firms, labs and/or research consortia supported by the project that introduced to existing or new markets new/improved products/protocols/services (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target 9/25/2019 Page 2 of 7 The World Bank Implementation Status & Results Report Unleashing Productive Innovation Project (P106752) Value 0.00 49.80 47.00 40.00 Date 13-May-2016 30-Jun-2018 30-Aug-2019 25-Sep-2019 IN00694878 ►Number of technology based start-ups that formally register as companies (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 50.00 63.00 30.00 Date 17-May-2012 30-Jun-2018 30-Aug-2019 25-Sep-2019 IN00694880 ►Attraction of External Funding for tech start-ups (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 15.00 22.00 10.00 Date 13-May-2016 30-Jun-2018 31-Jul-2019 25-Sep-2019 Number of public agencies that increased their linkages to STI and the private sector IN00694877 ►Disclosures made by CONICET Researchers (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 16.00 25.00 25.00 Date 13-May-2016 30-Jun-2018 30-Aug-2019 25-Sep-2019 IN00694879 ►Number of universities that successfully established norms on intellectual property rights according to international best practices (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 14.00 16.00 8.00 Date 31-Dec-2008 30-Jun-2018 31-Jul-2019 25-Sep-2019 Intermediate Results Indicators by Components Developing human capital for productive innovation IN00694881 ►Increase in number of technology broker and technology manager graduates (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 320.00 375.00 400.00 Date 31-Dec-2008 30-Jun-2018 30-Aug-2019 25-Sep-2019 IN00694886 9/25/2019 Page 3 of 7 The World Bank Implementation Status & Results Report Unleashing Productive Innovation Project (P106752) ►Number of strenghtened or established graduate programs for technology brokers (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 6.00 6.00 6.00 Date 31-Dec-2008 25-Feb-2019 25-Feb-2019 25-Sep-2019 IN00694888 ►Number of technology transfer subprojects (DTEC) that have completed proposed action plan (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 34.00 40.00 20.00 Date 01-Feb-2014 30-Jun-2018 31-Dec-2018 25-Sep-2019 Project was previously reporting "Number of technology transfer subprojects (DTEC) that have proposed Comments: action plan" IN00694890 ►Training of CONICET Researchers in technology transfer and commercialization (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 905.00 991.00 150.00 Date 01-Aug-2015 30-Jun-2018 31-Dec-2018 25-Sep-2019 IN00694892 ►Training of CONICET tech transfer personnel abroad (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 42.00 43.00 20.00 Date 01-Aug-2015 30-Jun-2018 31-Dec-2018 25-Sep-2019 IN00694894 ►CONICET Tech Transfer Unit (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No Yes Yes Yes Date 01-Aug-2015 31-Dec-2017 31-Dec-2017 25-Sep-2019 Support to new knowledge-based companies IN00694882 ►Number of business plans prepared (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 75.00 102.00 45.00 Date 31-Dec-2008 30-Jun-2018 30-Apr-2019 25-Sep-2019 9/25/2019 Page 4 of 7 The World Bank Implementation Status & Results Report Unleashing Productive Innovation Project (P106752) Support for Innovation Projects in Consortia and Individual Firms IN00694883 ►Number of Research Consortia created for the project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 29.00 35.00 27.00 Date 31-Dec-2008 30-Jun-2018 31-Jul-2019 25-Sep-2019 Upgrading research infrastructure IN00694884 ►Number of upgraded research laboratories and technology centers (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 49.00 49.00 30.00 Date 31-Dec-2008 30-Jun-2016 30-Jun-2016 30-Jul-2016 Strengthening and informing the policy and institutional framework IN00694885 ►Satisfactory establishment of the international advisory committee to the ministry (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Committee in Committee in Value Not Established Committee in Operation Operation operation Date 31-Dec-2008 30-Jun-2018 31-Dec-2018 25-Sep-2019 IN00694887 ►Increase in the number of independent evaluations of STI programs (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 9.00 11.00 7.00 Date 31-Dec-2008 30-Jun-2018 31-Dec-2018 25-Sep-2019 IN00694889 ►Percentage of Research Centers who implement tool to monitor and facilitate usage of shared research equipment (Of Centers that receive training) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 50.00 Date 14-May-2016 30-Jun-2018 31-Dec-2018 25-Sep-2019 This intermediate indicator is being affected by delays in the hiring of consultancy to develop and implement tool. Comments: It is expected that with additional time, this indicator will be achieved. IN00694891 ►Number of staff in technology transfer offices at universities trained on intellectual property rights (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target 9/25/2019 Page 5 of 7 The World Bank Implementation Status & Results Report Unleashing Productive Innovation Project (P106752) Value 0.00 159.00 195.00 140.00 Date 31-Dec-2008 30-Jun-2018 31-Dec-2018 25-Sep-2019 IN00694893 ►Beneficiary satisfaction surveys implemented and utilized for policy making (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No Yes Yes Yes Date 14-May-2016 30-Jun-2018 30-Jun-2018 25-Sep-2019 IN00694895 ►Percentage of beneficiaries who express positive perception on ANPCyT's activities during project implementation (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 92.00 70.00 70.00 Date 14-May-2016 30-Jun-2018 31-Dec-2018 25-Sep-2019 Information for this indicator will be compiled a the end of the project. Comments: IN00694896 ►Overall additional Investment catalyzed/leveraged through project activities (USD million) (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 26.30 48.00 32.00 Date 14-May-2016 21-Nov-2018 30-Aug-2019 25-Sep-2019 Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P106752 IBRD-75990 Closed USD 150.00 150.00 0.00 150.00 0.00 100% P106752 IBRD-86340 Effective USD 45.00 45.00 0.00 30.62 14.38 68% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P106752 IBRD-75990 Closed 25-Sep-2008 06-Aug-2009 21-Aug-2009 30-Sep-2014 31-Dec-2016 P106752 IBRD-86340 Effective 08-Jul-2016 28-Dec-2016 12-Jan-2017 25-Sep-2018 25-Sep-2019 Cumulative Disbursements 9/25/2019 Page 6 of 7 The World Bank Implementation Status & Results Report Unleashing Productive Innovation Project (P106752) Restructuring History Level Approved on 09-Dec-2009 ,Level Approved on 17-Feb-2012 ,Level 2 Approved on 21-Feb-2014 ,Level 2 Approved on 07-Jul-2015 ,Level 2 Approved on 22-Aug-2018 Related Project(s) P159747-Additional Financing for the Unleashing Productive Innovation Project 9/25/2019 Page 7 of 7