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European Commission Launched €100m “Fast Track to Innovation” Program

European Commission Launched €100m “Fast Track to Innovation” Program

The European Commission yesterday presented details of a new €100m (£78.9m) “Fast Track to Innovation” (FTI) pilot action and five innovation prizes under Horizon 2020, the European Union’s research and innovation programme.
The Fast Track to Innovation scheme will be open to applications from January 2015. It will support small consortia of three to five organisations with strong business participation to give promising ideas the last push before entering the market. It is open to ideas in any area of technology or application and to any legal entity established in the EU or in a country associated to Horizon 2020.
The contests for the five innovation prizes will start in late 2014 and early 2015. The prizes, worth €6m in 2015, cover three different thematic areas of research: health (“Reduction of the Use of Antibiotics Prize”, “Food-Scanner Prize”), the environment (“Reduction of Air Pollution Prize”) and ICT (“Collaborative Sharing of Spectrum”, “Optical Transmission Prize”).
All funding opportunities under Horizon 2020 are accessible from the participant portal

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