The European Commission is awarding €33.12 million to bring innovative ideas to market quicker. The 13 benefitting projects, involving 54 partners in 17 countries, will receive around €2 million each with this round of the Fast Track to Innovation (FTI) under the European Innovation Council (EIC) pilot.
The range of projects include a recycling technology for rubbers from old tyres, a magnetic ink barcode reader for anti-counterfeiting purposes, next generation photovoltaic windows, and a neuro-prosthesis that allows amputees to feel sensory feedback from the prosthesis.
The European Commission received 227 proposals by the cut-off date of 21 February 2019.
The Fast Track to Innovation is a bottom-up measure promoting innovative activities at the close-to-the-market stage under the European Innovation Council pilot. It supports mature innovative concepts that have already been tested. Supported activities include systems validation in real working conditions, testing and piloting, validation of business models and standard setting and pre-normative research.
On offer is a maximum EU contribution of €3 million per consortia comprising between three and five partners including a majority of industry participants.
The Fast Track to Innovation (FTI) is now central part of the European Innovation Council (EIC) pilot, targeting radically new, breakthrough products, services, processes or business models that open up new markets.