Discover the Innovation Fund, one of the world's largest funding programmes, with €10 Billion funding.
The new call for small-scale projects with total capital of under €7.5 Million is now open, and the call will stay open until 31August 2022. An info day presenting the call will be organised on 6 April 2022, and it will be streamed live. More information and link for registration are available on the event page. Additionally, the dedicated helpdesk will be open to any questions on the second call for small-scale projects.
The second call for large-scale projects closed on 3 March 2022, and 138 applications were submitted. More details on the submissions were published here, and the evaluation process has already started with the admissibility and eligibility checks. CINEA created a survey for the applicants to gather feedback on this call.
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 closed on 3 March 2022. The Commission was 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 complement 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.