Alongside Horizon 2020’s SME Instrument, the Fast Track to Innovation, FTI, scheme is part of the compromise text approved in the last plenary session of the European Parliament. The European Council is expected to approve within the next few weeks the new legislative package for Horizon 2020.
'FAST TRACK TO INNOVATION IS A NEW ELEMENT IN HORIZON 2020 ADDED DURING THE LEGISLATIVE PROCESS.'
Fast Track to Innovation is a new element of Horizon 2020 added during the legislative process, which bears a few similarities to EUREKA’s funding instrument. It will be launched as a pilot action in 2015 and will support innovation actions under the specific objectives Leadership enabling and industrial technologies and Societal challenges, relating to any technology field. The instrument will be operating on the basis of a continuously open call, with a commitment not to exceed a time-to-grant of six months. interested parties will be able to submit proposals at any time and the European Commission shall issue three cut-off dates per year to evaluate proposals. Any legal entity will be eligible for application, with a minimum of three up to a maximum of five participants in any action. Up to a hundred proposals are foreseen to be funded under the pilot action.
First Horizon 2020 calls are expected to open on December 11, 2013 although Horizon 2020’s official launch date is the January 1, 2013.