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EU Innovation Fund

Grants/loans for demonstration projects by any SME

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The Innovation Fund is the EU fund for climate policy, with a focus on energy and industry. It aims to bring to the market solutions to decarbonise European industry and support its transition to climate neutrality while fostering its competitiveness

 

The Innovation Fund’s goals are to:

  • help businesses invest in clean energy and industry

  • boost economic growth

  • create future-proof jobs

  • reinforce European technological leadership on a global scale.

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This is done by funding innovative projects focusing on:

  • innovative low-carbon technologies and processes in energy-intensive industries, including products that can substitute carbon-intensive ones

  • carbon capture and utilisation – CCU

  • construction and operation of carbon capture and storage (CCS) facilities

  • innovative renewable energy generation

  • energy storage

Project type

  • The Innovation Fund focuses on highly innovative technologies and flagship projects within Europe that can bring about significant emission

  • The projects need to be sufficiently mature in terms of planning, business model and financial and legal structure. reductions. 

Target Group

  • Small-scale calls are made available for innovative small-scale clean tech projects

  • Large-scale calls are made available for projects aimed to finance breakthrough technologies for renewable energy, energy-intensive industries, energy storage, and carbon capture, use and storage.

Funding​

  • For regular grants, up to 40% of the grant can be given based on pre-defined milestones before the whole project is fully up and running.

  • The Innovation Fund supports up to 60% (in case of regular grants) and up to 100% (in case of competitive bidding) of the relevant costs calculated according to the methodology indicated in each call for proposals (usually covering capital and operational costs minus revenues over the first ten years of operation).

  • Up to EUR 2.5 million in grants

  • Up to EUR 15 million of equity investments

  • Coaching & mentoring

  • Networking

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