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Tag ‘Fast Track to Innovation’

EIC: 261 proposals seek funding under Fast Track to Innovation

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The European Commission received 261 proposals for Fast Track to Innovation (FTI) before the latest cut-off date on 25 May 2019.

FTI promotes close-to-the market innovation activities open to all types of participants. The programme offers € 3 million to consortia composed of 3 to 5 partners including mainly industrial participants.

FTI is fully bottom-up. As there are no set topics, proposals are classified according to the keywords introduced by applicants. The top keywords introduced were engineering, health and ICT.

The proposals include participants from 28 countries, the largest number of proposals being submitted by Spanish, Italian and Dutch applicants.

Fast Track to innovation (FTI) is part of the European Innovation Council (EIC) pilot and helps close-to-the-market innovations jointly developed by small companies and their industrial partners get on the market faster.

Results will be available in autumn 2019.

Read the original article on the EASME website.

EIC Investor Day: Empowering women innovators

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Companies that have women in leading positions consistently perform better than companies that don’t. However, innovative, techy and digital companies still excruciatingly lack women entrepreneurs. On 4 April, 33 innovative companies led by women and funded by the European Innovation Council (EIC) pilot met for an EIC Investor Day in Brussels to promote the access of women entrepreneurs to finance. In addition to panel discussions with investors and plenty of networking, 12 innovative companies got to pitch in front of investors. In addition, European Commissioner for Innovation Carlos Moedas announced the 13 finalists for the EU Prize for Women Innovators 2019, two of which are funded by the EIC. 

Only 30% of enterpreneurs in Europe are women. “No matter what way you look at it, it poses a problem. Socially, yes, of course, this is a recipe for an unequal society. But how about economically? We know that start-ups founded or co-founded by women generate higher revenues than those by men, and we are missing out”, commented Commissioner Moedas. One of the EU’s initiatives to encourage women to innovate and start their companies by promoting positive role-models is the EU Prize for Women Innovators 2019. The Commissioner announced the 13 finalists for the 2019 prize. Among the finalists are two women co-founders from the EIC backed companies: Nuria Espallargas, a co-founder of Seram Coatings, and Cécile Réal, co-founder and CTO of Endodiag.

Ambassador Luminita Odobescu, Permanent Representative of Romania to the European Union and a mother of two, stressed the importance of educating young boys towards a goal of gender balance. “Political actors and business support organisations need to support women entrepreneurs in access to credit, cut red tape and mainstream gender perspective in all EU policies”.

Gitte Pederson – a co-founder of Genomic Expression, emphasised the significance of networks among entrepreneurs: “It is important that women connect and help each other. You are trained so well in that first stage of the relationship, but since your investors are usually your partners, there is the whole other side to it which is all about getting to know each other”.

The event hosted 17 investors from the private sector and investors from the European Investment Bank.

The EIC Corporate Days link entrepreneurs with international companies to engage in open innovation towards new products, pilot projects and new business models. Since 2017, more than 400 companies funded under the SME InstrumentFast Track to Innovation and FET Open have participated in matchmaking events with large corporates across Europe.

Read the original article on the EASME website here.

Corporates and investors to look out for at #EICSummit18

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The European Innovation Council (EIC) pilot is inviting the small companies it funds to Berlin on 10-11 September to meet investors and big corporate players. Further investors and corporates will be announced but here are the 10 first names not to be missed in Berlin!

The EIC Innovators Summit will bring together small companies, start-ups, innovators and researchers to meet and find potential partners. The two-day conference will be filled with pitches, workshops, networking and matchmaking opportunities.

From the corporate side the following names will be present:

MicrosoftIberdrolaSolvayFaureciaDOWAirbus

The following investors will also join the event:

Balderton,​ EQT VenturesOmnes CapitalGIMV

Registration and Invitees

The event is on invitation only so check out your mailbox; the event registration code is in your email invitation. The event is primarily designed for selected participants of the European Innovation Council (EIC) pilot programmes (SME InstrumentFast Track to Innovation and FET-OpenEIC Horizon Prizes), which will receive their invitations as a priority. Other invitees will be considered should there be additional spaces avilable. 

Interested in being considered for the guest list? Participate in one of our pitching contests in front of a Jury of investors and try and catch their attention with your idea! When registering you can apply to one of the pitching sessions: life science, medical devices, software, Industry 4.0, new materials, mobility, green energy, Food/Agritech. Places are limited so be sure to sell your case well!

For more information on the event, visit the event website, and follow #EICSummit18 on Twitter.

Read the full article on the EASME website.

European Innovation Council Fast Track to Innovation: 216 proposals seek funding

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The European Commission received 216 proposals for Fast Track to Innovation (FTI) before the latest cut-off date on 31 May 2018.

Fast Track to Innovation (FTI) is a fully-bottom-up measure that promotes close-to-the-market innovation activities that is open to all types of participants.
As there are no set topics, proposals are classified according to the keywords introduced by applicants. The top keywords introduced were engineering, health and energy.

The proposals include participants from 31 countries, the biggest number of application were submitted by project proposals coordinated in Spanish, Italian and German applicants. Most of the proposals have four participants.

The Fast Track to Innovation (FTI) is now central part of the European Innovation Council (EIC) pilot, targeting radically new, breakthrough products, services, processes or business models that open up new markets. FTI promotes close-to-the market innovation activities open to all types of participants. The programme offers € 3 million to consortia composed of 3 to 5 partners including mainly industrial participants.

The next cut-off date for FTI is 23 October 2018.

Read the original article on the EASME website.

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