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The adoption last week of the updated 2014-2015 Horizon 2020 work programme confirms the amounts for the actions to be implemented through next year's EU budget. Main novelties include five research and innovation prizes and €100 million allocated to the pilot of the newest EU innovation funding programme Fast track to innovation.
Similar to some of EUREKA’s instruments, Eurostars and the individual project scheme, Fast track to innovation provides funding for close to market projects, and is open to proposals in any area of technology or application. The programme aims to 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.
Fast track to innovation will be open for applications as of January 6th 2015. Also similarly to the EUREKA individual projects scheme, proposals can be submitted at any time. They will be ranked following three cut-off dates in 2015: April 29th, September 1st and December 1st .