The Fast Track to Innovation pilot supports projects from the demonstration stage through to market uptake.
A wide range of activities will be supported including piloting, test-beds, systems validation in real world/working conditions, validation of business models, advanced R&D, standard-setting and advanced performance testing.
The scheme targets relatively mature new technologies. Concepts, processes and business models that need a last development step to reach the market and achieve wider deployment are the focus.
The total budget for FTI in 2015 is EUR 100 million, which will be divided equally among the three cut-off dates in April, September and December. The EC plans to fund 50-70 projects each year and it is expected that the scheme is going to be extremely competitive.
FTI is open to all types of participants, including universities, RTOs, SMEs, large companies, incubators, first time applicants, etc.
Consortia must be comprised of three to five beneficiaries from different Member States or Associated Countries, with significant industry participation.
No typical commercial activities (including marketing activities) will be supported due to EU competition rules but funding can be used to improve an existing marketing strategy to help maximise impact (i.e. developing the marketing strategy to include more countries, etc).
All proposals must include a business plan that clearly describes the market potential and business opportunities for participants, in addition to measures to enhance the probability of potential commercial take-up as well as a credible commercialisation strategy.
Maximum project duration will be 36 months with a maximum EU contribution of EUR 3 million. The Commission expects that the average project duration will be 12-24 months.
29/04/2015, 01/09/2015, 01/12/2015
For further information go to: http://ec.europa.eu/programmes/horizon2020/en/h2020-section/fast-track-innovation-pilot-2015-2016