Funding of R&D projects in Horizon 2020

Horizon 2020 (H2020) is the new financial Framework program of R&D in Europe, which entered into force from 2014 to 2020.
H2020 defines three basic action aspects: 1) scientific excellence, 2) industrial leadership, 3) social challenges. Funding and participation conditions change significantly compared to the previous Framework programs, especially to the FP7.
The European Innovation Council (EIC) has budgeted 300 M€ to fund close to market, business driven projects under the Fast Track to Innovation (FTI) scheme during the next three years: 2018-2020, 100M€ each. 1,633 M€ has been assigned to fund strategic projects for SMEs during the next three years.
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