The Fast Track to Innovation (FTI) was introduced in 2015 (as part of the Horizon 2020 programme) and since then we are active in this area. The FTI is targeting Industrial Companies that seek funding for “Go to Market” activities. Such activities may include: finishing the development effort of the product, packaging, marketing, business development efforts and more. The FTI is highly interested in the commercial success of the project and expects to reach actual sales within the duration of the project.
The FTI is a consortium-based project, expecting to have at least 3 partners from 3 different member states or associated countries, with a maximum of up to 5 partners. The FTI is very much industry and commercial oriented (although academic partners can participate as well). It is officially expected that at least 60% of the budget will be allocated to industrial partners and associated work.
Typically, a FTI project should run for 36 months, and can granted with up to 3 million Euro (at 70% funding rate for industrial/commercial partners, and 100% funding rate for academic/non-profit partners).