EUROPEAN COMMISSION AWARDS €33 MILLION TO BRING INNOVATIVE IDEAS TO MARKET FASTER

Thirteen project were selected for funding under the first round of the Fast Track to Innovation (FTI) under the European Innovation Council (EIC) pilot. The successful consortia will receive grants of between €1.5 and €3 million each to develop “disruptive”, close-to-market technologies. The projects include windows that function as solar panels, an artificial limb that provides sensory feedback to the wearer, making their gait more natural, and a new technology for recycling old rubber tyres to make new ones.

Each project is run by a consortium of three to five partners, 54 in total, spread across 17 countries. They include start-ups, but also large firms such as Thales. Amongst the partners, 11 are based in Spain, seven in Denmark, six in France, four in Italy, and three in the Netherlands. There are also partners outside the EU in Switzerland, Norway, Iceland and Israel. None of the partners are based in central and eastern Europe.

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