Commission launches Fast Track to Innovation initative
The European Commission launched the new €200 million Fast Track to Innovation (FTI) pilot initiative on 9 January 2015. The FTI initiative aims promoting innovation by reducing the time it takes to bring innovative ideas to market.
The pilot initiative will be open to all types of participants, particularly from industry, for the next two years. stimulating first-time applications from industry and SMEs to Horizon 2020. It is a new initiative under the research framework programme. Projects funded from the FTI pilot have to be "business-driven" to ensure promising innovative ideas are exploited faster. FTI has a budget of €200 million across the Horizon 2020 priority “Societal Challenges” and the specific objective “Leadership in Enabling and Industrial Technologies (LEITs)”, without further restrictions to topics. It will be implemented through one common and continuously open call, with three cut-off dates in 2015 (29 April, 1 September and 1 December).
At a conference in Brussels, European Commissioner for Research, Science and Innovation Carlos Moedas said: "In the sprint to launch innovative ideas, the winners are those who seize market opportunities first. The new Fast Track to Innovation pilot will help highly innovative businesses in Europe reach the finish line faster, attracting more private investors to European research and innovation and fast-tracking our global competitiveness."
For more information: http://ec.europa.eu/research/index.cfm?pg=newsalert&year=2015&na=na-090115