For public bodies or non-profit organisations with legal personality established in a participating country.
Fast Track to Innovation provides funding for bottom-up proposals for close-to-market innovation activities in any area of technology or application. This thematic openness – combined with the possibility for all kinds of innovation actors to work together and deliver innovation onto the market and/or into society – is set to nurture trans – disciplinary and cross – sectoral cooperation.
The programme has the following objectives:
- To reduce time from idea to market.
- To stimulate the participation of first-time applicants to EU research and innovation funding.
- To increase private sector investment in research and innovation.
The Programme 2018-2020 has a total budget of €300 million and is derived from the Horizon 2020 priority “Societal Challenges” and the specific objective “Leadership in Enabling and Industrial Technologies (LEITs)”.
The call will be opened until 27 October 2020.
As for other innovation actions, EU funding levels are fixed at 70% of the eligible costs. The maximum EU contribution per action amounts to €3 million. Time-to-grant for participants is targeted to be six months at most.
Proposals must be created and submitted by a representative/contact person of the coordinating organisation. The proposal itself consists of 2 main parts:
- Administrative forms (structured information of the basic administrative data, declarations of partners, organisations and contact persons, etc.).
- Technical annex, which is the detailed description of the planned research and innovation project outlining work packages, costs, etc.
Actions are to be ‘business-driven’ because they are intended to give breakthrough innovation ideas the last push before shaking up the market. Substantial industry involvement in FTI actions is mandatory to ensure quick market take-up (‘quick’ meaning within a three-year period after the start of the FTI-action).
For Proposals for funding must be submitted by consortia comprising between three and five legal entities established in at least three different EU Member States or countries associated to Horizon 2020.
This industry involvement implies, either the allocation of at least 60% of the budget to industry participants in the consortium, or the presence of a minimum number of two industry participants in a consortium of three or four partners, or of three industry participants in a consortium of five partners.
For more information:
Cristina Tavío, Project Manager at Finnova Foundation
cristina.tavio@finnova.be proptech@finnova.eu
Tel: +32 492 41 53 39
