H2020 Fast Track to Innovation Pilot
- FAST TRACK TO INNOVATION PILOT -
The Fast Track to Innovation (FTI) pilot is a fully-bottom-up measure in Horizon 2020 to promote close-to-the-market innovation activities, and open to all types of participants.
Works together and deliver innovation onto the market and/or into society – should nurture trans-disciplinary and cross-sectoral cooperation.
- Reduce time from idea to market,
- Stimulate the participation of first-time applicants to EU research funding, and
- Increase private sector investment in research and innovation.
Proposals should build on a business plan, and focus foremost on achieving high impact (corresponding to a score of minimum 4 out of 5 during evaluation). As for proposals for other Horizon 2020 innovation actions, “excellence” and “implementation” will also be assessed, yet only if the minimum threshold for “impact” is achieved. Other factors playing a role during the evaluation process will be the size of the budget allocated to industry participants (especially SMEs), the number of industry participants and gender balance of the staff representing the consortium in the proposal.
WHO CAN PARTICIPATE?
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. Actions funded under the pilot are to be ‘business-driven’ because they are intended to give promising innovation ideas the last push before entering the market. Therefore, substantial industry involvement in FTI actions will be mandatory to ensure quick market take-up (‘quick’ meaning within a three-year period after the start of the FTI-action). This industry involvement will imply:
- 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.
Proposals will be evaluated and ranked and funding decisions taken after three cut-off dates each year.
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