The public-private support programme will assist organisations with high-potential projects to establish a development and commercialisation consortium.
To be eligible, consortiums must have successfully achieved the proof of concept and gather at least three other European partners.
"Right now in Europe there is a significant gap between research and innovation on one side, and the market on the other side. Europeans take 18 months to take a product from research to the market – Americans do that in just three months.
