Get Our Help to Apply for EU Innovation Fund

Nordic Innovators supports deep tech startups and innovative SMEs throughout their funding journey with tailored strategic advisory services on financing their R&D and innovation projects. We take the lead on the preparation and submission of a high-quality written application and our collaborative approach ensures timely delivery of a strong application. Our services also include:

Innovation Fund

The Innovation Fund is one of the world’s largest funding programmes for the demonstration of innovative low-carbon technologies. The Innovation Fund supports grants for projects aiming at commercial deployment of innovative low-carbon technologies, with the objective of bringing to the market industrial solutions to decarbonise Europe and support its transition to climate neutrality. In addition, the Fund has a technical assistance component which allows unsuccessful proposals that meet certain conditions to benefit from project development assistance (PDA) support by the European Investment Bank.

What technologies are supported?

• Production and use of renewable energy, including manufacturing plants for components
• Carbon capture use and storage
• Energy-intensive industries, including substitute products
• Energy storage, including manufacturing plants for components

Grant details

For Small-Scale Projects, applicants can get up to 60% of the total project capital expenditure. Project size needs to be higher than EUR 2.5 million and less than EUR 7.5 million. The budget is EUR 100 million per call. Below an illustration of the project timeline:

Evaluation criteria

EU Innovation Fund proposals are evaluated according to six criteria

• Degree of innovation
• GHG emission avoidance potential
• Project maturity
• Scalability
• Cost efficiency
• Quality and credibility of the cost calculation (New!)

Deadline 2023

Next call for small-scale project is expected in April 2023 and the deadline is then expected in September 2023.