About Fast Track to Innovation
Fast Track to Innovation (FTI) is a programme under Horizon 2020. The FTI aims to reduce the time from idea to market and to increase the participation in Horizon 2020 of industry, and in particular of first-time industry applicants. It should stimulate private sector investment, promote research and innovation with a focus on value creation, and accelerate the development of innovative products, processes and services.
FTI actions are encouraged to be interdisciplinary, cutting across different sector and technologies. Actions supporting innovative concepts that have the potential to disrupt or to create new markets are particularly welcome.
FTI supports projects undertaking innovation from the demonstration stage through to market uptake, including stages such as piloting, test-beds, systems validation in real-world/working conditions, validation of business models, pre-normative research, and standard-setting. It targets relatively mature new technologies, concepts, processes and business models that need the last development step to reach the market and achieve wider deployment.
By successful application, the project consortia can receive:
- EUR 1-3 million
- Funding rate: 70% for for-profit entities; 100% for not-for-profit entities
The deadline model for the call is with multiple cut-off. The cut-off dates for 2019 are: 21 February, 23 May and 22 October.
Requirements for participation in Fast Track to Innovation
FTI is the only fully bottom-up measure in Horizon 2020 promoting close-to-market innovation activities and open to all types of participants. However, industry participation is required. Participants must meet the following requirements:
- Participants must form consortia of 3-5 legal entities from the EU or associated Horizon 2020 countries;
- One of the following minimum conditions shall be met: 1) At least 60% of the overall budget of the proposal must be allocated to consortium partner(s) from industry, or 2) The minimum number of industry participants must be 2 in a consortium of 3 or 4 partners, and 3 in a consortium of 5 partners;
- The technologies concerned are at least at Technology Readiness Level (TRL) 6;
- Proposals must relate to any field under the specific objective “Leadership in Enabling and Industrial Technologies (LEITs)“ and/or to any of the specific objectives under the priority “Societal Challenges”;
- A project period of 12-24 months;
- Time to initial market take-up no later than 3 years after the beginning of the FTI project.
For more information related to the call visit:
For more than 25 years FINSYS has been among the leaders of the Bulgarian consultancy business with its highly professional, ambitious and motivated team. FINSYS has gained considerable experience in developing and managing multiple projects to attract grants from European and other donor programs for its clients.
Managing Partners of Finsys – Nikola Hristovich, PhD and Ivanka Hristovich are certified management consultants and members of several professional organizations. Working languages at FINSYS are Bulgarian, English, German and Russian.
For more information please contact us at:
tel. +3592/981 99 48; +3592/981 99 60;
GSM: +359/888/ 619 863; +359/ 884/ 84 94 50;
Main office: 55 Petar Parchevich str., Sofia 1000, Bulgaria;
е-mail: office@finsys-soft.com;
www.finsys.bg.
