The new Innovation Fund call for large-scale projects (with total capital costs of more than €7.5 Million) has opened on 26 October 2021 and will stay open until 3 March 2022.
The new call for small-scale projects with total capital of under €7.5 Million will be open on 31 March 2022 and the call will stay open until late August.
The results for the first call for large-scale projects were announced on 27 July 2021 in the press releasepublished by the European Commission.
THE INNOVATION FUND
The Innovation Fund (IF) will provide around EUR 10 billion of support over 2020-2030 for the commercial demonstration of innovative low-carbon technologies, aiming to bring to the market industrial solutions to decarbonise Europe and support its transition to climate neutrality.
The Innovation Fund focuses on:
highly innovative technologies;
big flagship projects;
innovative low-carbon solutions;
and small-scale projects that can bring on significant emission reductions.
Multiple calls of the Innovation Fund will be held regularly:
Large-scale projects: CAPEX more than € 7.5 Million: The first call launched on 3 July 2020 and the European Commission will open new calls in the second half of every year.
Small-scale projects: CAPEX less than € 7.5 Million: The first call launched on 1 December 2020. The European Commission will open new calls in the first half of every year.
HOW MUCH FUNDING CAN YOU GET FOR YOUR PROJECT?
The Innovation Fund has around a total of €10 Billion in funding opportunities.
The second call for large-scale projects has been open on 26 October 2021 and will be closed on 3 March 2022. The Commission is ready to invest €1.5 Billion in the second call.
The Innovation Fund will support up to 60% of the costs linked to innovation.
The subsidies may be complemented by any other funding (e.g. national), but more than 100% of overall funding is not allowed.
The Innovation Fund will grant up to 60% of the total CAPEX in its call for small-scale projects.
WHICH TECHNOLOGIES DOES THE INNOVATION FUND SUPPORT?
The Innovation Fund supports projects in the sectors covered under the EU Emissions Trading System.
The technologies (or combinations of technologies) that are to be demonstrated in the project need to be highlyinnovative. The aim is also to balance the spending of the Innovation Fund over the above-listed categories.