The EU Innovation Fund is one of the world’s largest funding programmes aiming at:
- Providing industries and SMEs with around 10 billion € for the commercial demonstration of innovative low-carbon technologies, allowing to finance up to 60% of innovation related expenses (CAPEX and OPEX).in the case of large-scale projects and up to 60% of CAPEX in the case of small-scale projects.
- Bringing to the market industrial solutions to decarbonise EU and support its transition to climate neutrality
- Helping businesses invest in clean energy and industry to boost economic growth by 2030
As announced at the Innovation Fund Expert Group meeting on July 6th, the European Commission plans to launch:
- the second call for large-scale projects on October 26th, 2021
- the second call for small-scale projects in March, 2022.