Horizon Europe is the European Union (EU) funding programme for the period 2021 – 2027, which targets the sectors of research and innovation. The programme’s budget is around € 95.5 billion, of which € 5.4 billion is from NextGenerationEU to stimulate recovery and strengthen the EU’s resilience in the future, and € 4.5 billion is additional aid.
The EIC Transition Open aims at funding innovation activities that go beyond the experimental proof of principle in laboratory. It is twofold, supporting both the maturation and validation of a novel technology, and the development of a business case and business model towards the innovation’s future commercialisation.
EIC Transition projects should address both technology and market/business dimensions where iterative learning processes based on early customer feedback is possible. These activities should include a suitable mix of research, technology development and validation activities. Therefore, it will increase the maturity of the technology beyond proof of principle to viable demonstrators of the technology in the intended field of application in the attempt to address market readiness towards commercialisation and deployment, as well as other aspects of regulation, certification and standardisation, aimed at getting both the technology and the business idea investment-ready.
The objectives of the EIC Transition Open are to mature both the technology and business idea to increase the project’s technology and its market readiness. Therefore, the applicants will be offered support to deliver on the market a technology that is effective for its intended application, as well as a successful business model and business plan for its development to the market.
At the end of the Transition project, the consortium should be ready for the next stage, which can be to apply for EIC Accelerator, to seek other investors or sources of funding, to enter licensing or collaboration agreements with third parties, or other routes to market deployment.
The EU contribution can reach up to a EUR 2.5 million per project.
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Research and Innovation Foundation
29a Andrea Michalakopoulou, 1075 Nicosia
P.O.Box 23422, 1683 Nicosia
Phone Number: +357 22205000
Email Address: support@research.org.cy
Website: https://www.research.org.cy/en/
Contact Persons:
Ms Katerina Karakasidou
Scientific Officer
Contact Phone: +357 22 205 036
Contact Email: kkarakasidou@research.org.cy
Dr Kalypso Sepou
Head of European Programmes Department
Contact Phone: +357 22 205066
Contact Email: kalypso@research.org.cy
European Innovation Council: https://eic.ec.europa.eu/contact-form_en