As part of the European Innovation Council pilot, the Fast Track to Innovation, or simply FTI, is a fully-bottom-up innovation support programme promoting close-to-the-market innovation activities open to industry-driven consortia that can be composed of all types of participants. It can help partners to co-create and test breakthrough products, services or business processes that have the potential to revolutionise existing or create entirely new markets.
Basically, the FTI’s objective is to boost close-to-the-market innovative products and/or services by offering funding of up to 3M€.
The FTI grant finances the final steps of an innovation’s development, such as piloting, test-beds, systems validation in real-world working conditions, validation of business models, pre-normative research, standards setting etc, aiming to reduce the time to market. Therefore, we can consider the FTI as the last push before these innovations are launched onto the market.This programme is aimed mainly at industry-intensive consortiums, as it can be appreciated in the minimum conditions to be eligible for an FTI:
- at least 60% of the overall budget to consortium partner(s) from industry;
- a minimum of 2 industry partners out of a consortium of 3 or 4;
- or a minimum of 3 industry partners out of a consortium of 5;
In addition, consortium partners must be established in 3 EU countries that are legally independent.On average, the duration of FTI project is of 2 to 3 years, during which the consortium should be able to start commercialising its innovative product or service in the market.
The current FTI programme will last until 2020, with three cut-off dates each year. Therefore, you can still apply to the following calls:
- 23 May 2019
- 22 October 2019
- 19 February 2020
- 09 June 2020
- 27 October 2020
In Innovarum, we are experts in industrial innovation and Horizon 2020 programmes. If you feel like the FTI can suit your idea and you need a team that will help you through the process, do not hesitate to contact us!
For further information on the FTI, you can click here.