​INNOVFUND - For innovative low-carbon technologies
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The Innovation Fund is one of the world’s largest funding programmes for the demonstration of innovative low-carbon technologies.
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It is a key funding instrument for delivering the EU’s economy-wide commitments under the Paris Agreement and its objective to become climate-neutral by 2050.The Fund will be financed by revenues from the auctioning of allowances under the EU Emissions Trading System and may amount to about €10 billion, depending on the carbon price.

The Innovation Fund focuses on:
  • Innovative low-carbon technologies and processes in energy-intensive industries, including products substituting carbon intensive ones
  • Carbon capture and utilisation (CCU)
  • Construction and operation of carbon capture and storage (CCS)
  • Innovative renewable energy generation
  • Energy storage

The Innovation Fund will:
  • help create the right financial incentives for projects to invest now in the next generation of technologies needed for the EU’s low-carbon transition
  • boost growth and competitiveness by empowering EU companies with a first-mover advantage to become global technology leaders
  • support innovative low-carbon technologies in all Member States in taking off and reaching the market.

What InnovFund is financing?

  • Large-scale’ are projects with a capital expenditure above EUR 7.5 million.
  • ‘Small-scale’ are projects with total capital costs below EUR 7.5 million.

Read the list of financed projects
Access to the EU finance

Commission is launching a Competitive Bidding Program

The European Commission's Innovation Fund is set to launch a competitive bidding program to fund low-carbon energy technologies. The new financial instrument is in line with the Innovation Fund's objectives of supporting innovative low-carbon technologies that are held back by the lower costs of incumbent fossil-based technologies and high-risk perception by financial markets. The scheme aims to achieve cost-efficiency in awarding support and minimize public costs while maximizing the leverage of private capital. Read more....
eEuropa ASSISTANCE FOR PROFESSIONALS

Do you need assistance to access this EU Fund?

We provide:
Annual Work Programmes, new Calls & financed Projects in your area,
full Assistance for your Projects, from application to final report.