Funding of R&D projects in Horizon 2020

Horizon 20201 (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.
Within Social Challenges and Industrial Leadership, 200 M€ have been budgeted during 2015-2016 to fund close to market, business driven projects under the Fast Track to Innovation (FTI) pilot scheme.
Regarding Industrial Leadership, 2,700 M€ have been budgeted to fund strategic projects for SMEs. Funding and participation conditions change significantly compared to the previous Framework programs, especially to the FP7.
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