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Fast track to Innovation: a new instrument in Horizon 202029.01.2015 Webinar Ines Haber Austrian Research Promotion Agency29.01.2015Fast track to Innovation in Horizon 2020WebinarContent 1. Concept

How to fill out fast track to innovation

How to fill out fast track to innovation:

1. Start by carefully reading the guidelines and criteria set forth by the fast track to innovation program. Familiarize yourself with the specific objectives and eligibility requirements.
2. Identify your innovative project or idea that has the potential for significant societal or economic impact. Ensure that it aligns with one of the designated priority areas of the program.
3. Gather all the necessary information and documents needed to complete the application. This may include a project description, budget, timeline, market analysis, and a detailed plan for implementation.
4. Clearly articulate the problem your project aims to solve and the innovative solution you have developed. Highlight the uniqueness, feasibility, and potential impact of your idea.
5. Demonstrate a strong business case for your innovation. Show that your project can generate a return on investment, create jobs, or contribute to economic growth.
6. Provide evidence of market demand and potential customers for your innovative product or service. Conduct market research, gather data, and include testimonials or letters of intent from potential partners or customers.
7. Outline your project management and implementation strategy. Show that you have a clear plan in place to carry out your innovation successfully, including milestones, resources, and allocated budget.
8. Emphasize the expertise and qualifications of your team members. Highlight their relevant skills, experience, and track record in successfully delivering innovative projects.
9. Address any potential risks or challenges associated with your project and demonstrate your ability to overcome them. Show that you have considered all possible barriers and have mitigation strategies in place.
10. Finally, submit your completed application before the deadline and follow any additional instructions provided by the fast track to innovation program.

Who needs fast track to innovation:

1. Startups and small businesses with innovative ideas or projects that require funding and support to bring them to market.
2. Researchers, scientists, or inventors looking to translate their discoveries or inventions into practical applications and commercialization.
3. Organizations or individuals aiming to develop breakthrough technologies, products, or services with significant social, economic, or environmental impact.
4. Innovators and entrepreneurs seeking to access a network of resources, expertise, and potential partnership opportunities to accelerate the innovation process.
5. European organizations or individuals based in participating countries who meet the eligibility criteria and have the ambition to contribute to Europe's innovation ecosystem.

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What is fast track to innovation?

Fast track to innovation is a funding mechanism from the European Union that supports innovative projects through a streamlined process.

Who is required to file fast track to innovation?

Any entity, such as SMEs, large companies, research organizations, or non-profit organizations, can apply for fast track to innovation funding.

How to fill out fast track to innovation?

To fill out fast track to innovation, applicants need to submit a proposal addressing the innovation, market potential, and feasibility of the project.

What is the purpose of fast track to innovation?

The purpose of fast track to innovation is to accelerate the market uptake of innovative solutions across various sectors.

What information must be reported on fast track to innovation?

Applicants must report on the innovation of their project, the market potential, the consortium involved, and the budget.