The Innovation Fund will focus on highly innovative technologies and big flagship projects with European added value that can bring about significant emission reductions.
The Innovation Fund aims to finance a varied project portfolio achieving an optimal balance of innovative technologies in all eligible sectors and across the Member States.
The projects need to be sufficiently mature from:
- a technical perspective via a feasibility study
- an economic perspective via a business model
- a legal perspective
The Innovation Fund will also support cross-cutting projects
on innovative low-carbon solutions that lead to emission reductions in multiple sectors, for example, through industrial symbiosis or business model innovation.