Add us as your preferred source on Google to see more of our content in Search.
Add to Preferred SourcesThe European Commission will support 13 projects with a total of €33.12 million to bring innovations faster to the market. The funding comes from the pilot phase of the European Innovation Council (EIC), which targets fast-moving and high-risk innovation with strong potential to create new markets.
The 13 projects, involving 54 partners in 17 countries, will receive around €2 million each with this round of the Fast Track to Innovation (FTI) under the EIC.
The range of projects include recycling technology for rubber from old tyres, a magnetic ink barcode reader for anti-counterfeiting purposes, next-generation photovoltaic windows, and a neuroprosthesis that allows amputees to feel sensory feedback from the prosthesis.
“With the new European Innovation Council, we support high-risk breakthrough innovation. Today we award support to a range of amazing projects that connect industrial partners, big corporates and innovative SMEs, creating new markets and jobs for European citizens,” said Carlos Moedas, Commissioner for Research, Science and Innovation.
The Fast Track to Innovation (FTI) is now part of the European Innovation Council (EIC) pilot, targeting radically new, breakthrough products, services, processes or business models that open up new markets. The programme has a total budget of €300 million until 2020 under Horizon 2020 – the EU’s multi-annual Research and Innovation Programme.
Original source: European Commission
Published on 25 April 2019