The European Commission (EC) has launched a €200m ($226.6m) innovation fund to help companies, including university firms, close to market cross the valley of death.
Dubbed Fast Track to Innovation Pilot (FTI), the scheme will see €100m made available in 2015 and a matching sum in 2016 to small-to-medium enterprises (SMEs) close to market. While the funding will span multiple sectors, prospective companies must be able to commercialise within three years and must be collaborative with a mix of industry…
