FIA Innovation Fund | Federation Internationale de l'Automobile

FIA Innovation Fund

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FIA Innovation Fund

The FIA Innovation Fund (FIF) is a strategic fund launched by the FIA in December 2017 to allocate the proceeds from the sale of the FIA's one per cent share in Delta Topco (the previous Formula One Commercial Rights Holder) to Liberty Media.

Now amounting to approximately €63 million, the Fund aims to support new and worthwhile ideas from all FIA stakeholders that could generate lasting benefit for the FIA community and beyond.

To be selected, projects must be innovative, high-impact, have tangible output, be strategically aligned with the FIA future direction, not be currently funded, and able to create an enduring legacy for the global FIA community.

In 2018, 9 projects, and in 2019, 16 projects were selected by the FIFCO and approved by the FIA Senate, for a total commitment of 21M€. From 2020, a 10% management fee on the annual expenditure for FIF projects was introduced to address the administrative burden of the Fund.

Please click here to download the submission forms:

-              CONCEPT PAPER

-              PROPOSAL

To learn more about the FIA Innovation Fund and the application process, please read the brochure below.

Download the brochure here: FIA Innovation Fund - Brochure