The CERN’s projects, HL-LHC and FCC, will create a big push in the state of the art of High-Field Superconducting magnets in the ten coming years. The performance of superconducting materials such as Nb3Sn and HTS will be developed to yield higher performance at lower costs and the construction materials and techniques will be advanced. At the same time, in the context of Energy’s savings, Industry is experiencing a renewed interest in the domain of industrial superconductivity with fault current limiters, wind generators, electric energy storage, etc. Besides, Medical Research shows a strong interest in High-Field MRI, especially for the brain observation. Considering the social impact of the investment of the HL-LHC project and FCC study, CERN and CEA have established a Working Group on Future Superconducting Magnet Technology (FuSuMaTech).The Working Group has explored a large spectrum of possible synergies with Industry, and has proposed a set of relevant R&D&I projects to be conducted between Academia and industry. To keep the leading position of Europe in the domain, the most efficient way is to support joint activities of Industry and academic partners on the common concerns in view of overcoming the technological barriers. The FuSuMaTech Initiative aims to create the frame of collaborations and to provide common tools to all the EU actors of the domain. The FuSuMatech Initiative is a dedicated and large scale silo breaking programme which will create a sustainable European Cluster in applied Superconductivity. It will enlarge the innovative potential especially in High Field NMR and MRI, opening future breakthroughs in the brain observation. The FuSuMaTech Phase 1 is the first step of the FuSuMaTech Initiative. It is based on practical cases studies and will consist in preparing: 1. The administrative and legal conditions; 2. The detailed description of generic R&D&I actions and of the Technology demonstrators; 3. The funding scheme for the future actions.