EU funding to help 14 top-class #InnovativeProjects enter the market faster

The European Commission will support 14 top-class projects to bring their innovations faster onto the market under the Fast Track to Innovation scheme of the European Innovation Council (EIC) pilot. Projects selected for funding include a recycling technology to introduce rubber from 'end-of-life' tyres into production lines, a system to treat persistent atrial fibrillation, and an artificial intelligence tool that improves video quality and limits internet traffic in video streaming. The Fast Track to Innovation scheme targets radically new, breakthrough products, services, processes or business models that open up new markets. It offers up to €3 million per project to consortia composed of three to five partners including small and medium-sized enterprises (SMEs), industrial participants, research centers, universities, and other actors as incubators, investors, and the public sector. The scheme is for relatively mature groundbreaking technologies, concepts and business models that are close to the market. The participants also have access to free business coaching and acceleration services. The 14 beneficiary projects involve 59 partners, including SMEs, industrial partners, universities and non-profit organizations, from 18 countries. You can find more information, including names of projects and countries, and amount of funding, in a press release and the map of beneficiaries.

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