The European Commission announced new measures to support innovative companies in Europe. There are mainly two initiatives: so-called FTI, with about €200 mln and SME Instrument with about €117 mln. Business in the Baltics shall be more innovative and active in acquiring EU funds.
One initiative is a new €200 million Fast Track to Innovation initiative (FTI) launched on 9 January 2015 by the Commissioner for Research, Science and Innovation Carlos Moedas. This instrument will promote innovation by reducing the time it takes to bring innovative ideas to market.
Another initiative is oriented towards active business (so-called SME Instrument): the Commission announced that over 275 European small and medium-sized enterprises (SMEs) have been selected to receive new grants of €117 million in total to finance innovation activities and the development of their business plans, or feasibility studies for their projects. These grants are awarded under the EU's SME Instrument.
Both the FTI initiative and the SME Instrument are run under the EU's research and innovation funding program Horizon 2020, and are designed to better and faster exploit excellent ideas on the market and help generate jobs and growth for Europe.
News announcements for the FTI launch and the latest results of the SME Instrument calls are available online. For further information see European Commission websites.
One initiative is a new €200 million Fast Track to Innovation initiative (FTI) launched on 9 January 2015 by the Commissioner for Research, Science and Innovation Carlos Moedas. This instrument will promote innovation by reducing the time it takes to bring innovative ideas to market.
Another initiative is oriented towards active business (so-called SME Instrument): the Commission announced that over 275 European small and medium-sized enterprises (SMEs) have been selected to receive new grants of €117 million in total to finance innovation activities and the development of their business plans, or feasibility studies for their projects. These grants are awarded under the EU's SME Instrument.
Both the FTI initiative and the SME Instrument are run under the EU's research and innovation funding program Horizon 2020, and are designed to better and faster exploit excellent ideas on the market and help generate jobs and growth for Europe.
News announcements for the FTI launch and the latest results of the SME Instrument calls are available online. For further information see European Commission websites.