Promoting innovation: €33 million to help bring top-class projects to market

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The European Commission has selected 13 projects to receive a total of €33.12 million to bring innovations faster to the market. The funding comes from the pilot phase of the European Innovation Council (EIC), which targets fast-moving and high-risk innovation with strong potential to create new markets. The 13 projects, involving 54 partners in 17 countries, will receive around €2 million each with this round of the Fast Track to Innovation (FTI)under the EIC. The range of projects include recycling technology for rubber from old tyres, a magnetic ink barcode reader for anti-counterfeiting purposes, next generation photovoltaic windows, and a neuro-prosthesis that allows amputees to feel sensory feedback from the prosthesis. Carlos Moedas, Commissioner for Research, Science and Innovation, said: “With the new European Innovation Council we support high-risk breakthrough innovation. Today we award support to a range of amazing projects that connect industrial partners, big corporates and innovative SMEs, creating new markets and jobs for European citizens.”The Fast Track to Innovation promotes innovative activities at the close-to-the-market stage under the EIC. It supports mature innovative concepts that have already been tested. The EIC will become a full-fledged reality from 2021 under the next EU research and innovation programme Horizon Europe. More information and a list of the beneficiaries are available online.

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