- reduce time from idea to market,
- stimulate the participation of first-time applicants to EU research and innovation funding, and
- increase private sector investment in research and innovation.
Proposals are built on a business plan, and focus foremost on achieving high impact: a high degree of novelty comes with a high chance of either success or failure.
Time-to-grant for participants is targeted to be six months at most. As for other innovation actions, EU funding levels are fixed at 70% of the eligible costs. The maximum EU contribution per action amounts to EUR 3 million.
Next deadline: 23 October 2018