EIC Pilot supports 34 new projects with € 124 million
The European Commission (EC) has announced that the European Innovation Council (EIC) pilot is providing support to 38 innovative projects to develop new ideas towards radically new future technologies. The projects will receive € 3 million each, or € 124 million in total. under the future and emerging technologies (FET Open) strand of the EIC pilot under Horizon 2020. The EIC pilot phase targets fast-moving, high-risk innovative products, services or business models with strong potential to create new markets. FET Open offers grants of typically €3 million to promote collaborative, inter-disciplinary research and innovation on future and emerging technologies. These grants are for consortia of at least three entities.
In its first round of funding under the EIC pilot, FET Open received 375 proposals and granted funding to 236 beneficiaries in 23 countries across Europe. As part of the EIC pilot, FET Open projects receive additional support for innovators and entrepreneurs. SMEs participating in FET Open projects can also benefit from networking, coaching and mentoring. The EIC pilot has so far already supported a total of 1,599 projects with € 967.22 million in funding.
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