Apply for Innovation Fund
The Innovation Fund is one of the world’s largest funding programmes for demonstration of innovative low-carbon technologies.
It is a key funding instrument for delivering the EU’s economy-wide commitments under the Paris Agreement and its objective to be climate neutral Europe by 2050, as also recognised in the European Green Deal Investment Plan.
The fund focuses on highly innovative technologies and big flagship projects with European value added that can bring on significant emission reductions. Moreover, the Innovation Fund offers support up to 60% of the capital and operational costs linked to innovation.
Projects need to be sufficiently mature in terms of planning, business model and financial and legal structure.
The application process has two stages: (For small-scale projects, the application process will have only one stage.)
- Expression of interest, with a first assessment on the project effectiveness, innovation and maturity level. Projects that meet only the first two criteria may qualify for project development assistance.
- Full application, where projects are assessed on all the criteria, including scalability and cost efficiency.
There will be regular calls for proposals in the lifetime of the Innovation Fund.