EC Announces ‘Fast Track to Innovation’ Scheme Worth €100 Million

Fast TrackThe European Commission (EC) recently announced that it will invest €100 million in the Fast Track to Innovation pilot action. This is a new scheme that will provide grants to innovative businesses and organisations to help them bring their ideas to the market; applications will be open in January 2015.

In addition to this scheme, the EC also unveiled five innovation prizes worth €6 million under the banner of Horizon 2020. The prizes will offer a reward for technological breakthroughs of high societal relevance in three different thematic areas of research: health, the environment, and ICT.

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