The 15 selected projects will receive around €2 million each within this first round of the Fast Track to Innovation (FTI) under the EIC pilot.
The scheme is for relatively mature ground-breaking technologies, concepts and business models that are close to market.
The participating SMEs also have access to free business coaching and acceleration services.
The SME Instrument and the Fast Track to Innovation are now a central part of the EIC pilot, targeting radically new, breakthrough products, services, processes or business models that open up new markets. Between 2018 and 2020, the EIC pilot will provide €2.7 billion to breakthrough, market-creating innovations under Horizon 2020. The next cut-off date for Fast Track to Innovation and SME Instrument Phase 2 are respectively on 31 May 2018 and 10 October 2018.
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