Last chance to apply for the Fast Track to Innovation grant in 2020
Attention to all ambitious entrepeneurs! The final cut off date for the Horizon 2020 grant Fast Track to Innovation (FTI) is scheduled on 27 October 2020. With this grant you and your foreign partners can speed up the launch of your innovative product, process or service. Submit your application and receive € 1 million up to € 3 million funding per project.
Goals of Fast Track to Innovation
Your FTI-project does not need to meet a specific theme. This is fully up to your own interpretation. However, your project must contribute to the general goals of Horizon 2020. For example, it has to support the industrial leadership of the European industry or offer solutions to societal problems.
Powerful European collaboration
The grant stimulates collaborative projects between various foreign partners. Your consortium must exist of at least three and no more than five partners from EU member states or associated countries. The majority of the partners are active in the business world. However, knowledge institutions and other public organisations are welcome to join the consortium.
Together with your consortiumpartners you are focused on developing innovative products, processes or services. Powerful collaborations and innovative ideas have the ability to boost the European industry.
Selection criteria of your Fast Track to Innovation project
Your project will be reviewed based on the following three areas:
- Impact: Your project has a social-economic value with a strong business case.
- Excellence: Your project goes ‘beyond the current state-of-the-art in its field’.
- Implementation: Your team has the potential to reach goals.
Does your project meet these requirements? Then it has great potential to receive funding through FTI. There was a total budget of € 100 million for all of 2020. This has been divided equally over three calls, meaning that approximately 1/3 of the total budget remains for this final call. Projects can receive a maximum funding of € 3 million. However, the European Commission generally allots € 1 million up to € 2 million funding per project.
A strong and unique project needs a strong application. The specialists at Hezelburcht can draft a high-quality and powerful grant application that matches your project. Need help with any other aspect of the grant process? We offer full or partial support with, for example, managing your collaborative project or grant administration. Contact us for more information about FTI and its possibilities for your project!