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The Future and Emerging Technologies (FET) Innovation LaunchPad aims to turn results from FET funded projects into societal or economic innovations. Up to EUR 100.000 is available to support short actions focused on the non-scientific aspects and the early stages of turning a FET result into a genuine innovation with socio-economic impacts.
The FET Innovation LaunchPad topic encourages activities such as defining a commercialisation process, market and competitiveness analysis, technology assessment, verification of innovation potential, consolidation of intellectual property rights, business case development. Proposals can include activities with, for instance, partners for technology transfer, license-takers, investors and other sources of financing, societal organisations or potential end-users.
One of the expected impacts of the Innovation LaunchPad topic is to bring about improved competitiveness of the European industry, and economy overall, by seeding future growth and the creation of jobs from EIC Pathfinder FET research results. And indeed, experience from earlier calls shows that some projects have managed to launch a spin-off! Other projects have been able to receive funding from VC funds or signed first sales with customers. Some even have recruited staff of more than 20 high-profile physicists and engineers.
For the three calls that the FET Innovation LaunchPad has had up to now, it managed to attract about 200 proposals and has funded 60 projects with a total budget of €6 million. For the last Innovation Launchpad call under the Horizon 2020 framework programme, beneficiaries will declare costs based on lump sums of up to EUR 0.1 million for each grant.
Do not miss the chance and apply before 14 October 2020!
EIC Pathfinder FET Innovation LaunchPad
Read the original article on European Commission.