Innovation Fund

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The European Union Emissions Trading Scheme (EU ETS), the world’s largest carbon pricing system, will provide revenue to the IF program by auctioning €450 million from emission allowances from 2020 to 2030, as well as any unused funds from the NER300 program. For the 2020-2030 period, funding may amount to around €40 billion, depending on the price of carbon credits issued. 

The Innovation Fund (IF) aims to contribute to the EU’s economic recovery in an environmentally sustainable way, helping companies to invest in clean energy and industries and boost their economic growth, create new local jobs and generate a competitive advantage for the EU’s industrial sector. 

The Innovation Fund programme is one of the world’s leading funding initiatives for the development of innovative low-carbon technologies. IF focuses on truly innovative technologies and large flagship projects with European added value that can deliver significant CO2 emission reductions. It involves sharing the risk with project promoters to assist them in the demonstration phase of first-of-a-kind highly innovative projects. 

The Innovation Fund focuses on the following initiatives and project types:

  • Innovative low-carbon technologies and processes in energy-intensive industries, including substitutes for carbon-intensive products.
  • Carbon capture and utilisation (CCU).
  • Construction and operation of carbon capture and storage (CCS) systems.
  • Innovative renewable energy generation. 
  • Energy storage.
  • Mobility applications 

The Innovation Fund is designed to offer: 

  • Enhanced risk-sharing mechanisms to support groundbreaking technologies. 
  • Flexible grant disbursements tailored to projects’ cash flow needs, 40% provided in payments before the construction phase tied to project milestones .
  • Streamlined governance and decision-making processes for faster project implementation. 

By supporting transformative projects, the Innovation Fund aims to position Europe as a global leader in the clean energy transition, fostering economic resilience while addressing the urgent challenge of climate change. 

Name

Opening date

Next deadline

Deadline model

Link

Innovation Fund 2024 Net Zero Technologies – General decarbonisation – Large-Scale Projects

03/12/2024

24/04/2025

single-stage

Link

Innovation Fund 2024 Net Zero Technologies – Clean-tech manufacturing

03/12/2024

24/04/2025

single-stage

Link

Innovation Fund 2024 Net Zero Technologies – General decarbonisation – Medium-Scale Projects

03/12/2024

24/04/2025

single-stage

Link

Innovation Fund 2024 – Batteries – Manufacturing of electric vehicles battery cells

03/12/2024

24/04/2025

single-stage

Link

Innovation Fund 2024 Net Zero Technologies – General decarbonisation – Small-Scale Projects

03/12/2024

24/04/2025

single-stage

Link

Innovation Fund 2024 Net Zero Technologies – Pilot projects

03/12/2024

24/04/2025

single-stage

Link

Innovation Fund 2024 Auction – Fixed Premium Auction for RFNBO hydrogen production

03/12/2024

20/02/2025

single-stage

Link

Innovation Fund 2024 Auction – Fixed Premium Auction for RFNBO hydrogen production for the maritime sector

03/12/2024

20/02/2025

single-stage

Link

Scope: Europe

Budget: Around 40 B € (2020 - 2030)

Organization: European Commission

Nature of project : Energy Efficiency, Renewable Energy, Mobility and Environment

More information

Do you know that the European Commission considers us as experts in attracting innovation funds through the Innovation Funds call? We are coordinators of the REALIZE project, thanks to which we will provide advice for 2 years for the presentation of the IF 2025/2026 programme.

Our team provides a very personalised service according to the type of technology, analysing the emission reduction potential and other evaluable parameters of the IF programme to ensure competitive projects with a high subsidy margin.

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FIND OUT WHAT THEY SAY ABOUT OUR WORK​

Vaidas Palinauskas
Nature Research Centre
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A perfect example of a 3 in 1 company: smooth process, professional and pleasant to work with.
Elena Casiraghi
Università degli Studi di MIlano
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Kindness, experience, ability to understanding and integrate different research languages/views
Manuel Menéndez Muñiz
VIAS
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Very close team and well managed.
Jose Manuel Rodriguez
ITAINNOVA
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Well organized work, with filtered request to what really matters.
David Martín Gómez
- Charles III University of Madrid
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I would like to point out that the elaboration of the proposal was steered with a lot of detail and efficiency.
Tania Tisheva
BGRF
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It was great meeting you and I am looking forward to working with you in the future. The professionalism of your team is excellent. I am very thankful for the guidance and cooperation during the whole process.
Alberta Aversa
Politecnico di Torino
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cooperation rapid and effective.
Samuel Martínez
Circular in Motion B.V.
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Excellent team in place which has been instrumental in assisting the creation of a robust application, which otherwise would have been very difficult for us to complete it. Their understanding of the process, deliverables required, and key areas to consider, is essential to increase the application success probability.
Daniel Edenholm
Sysarb AB
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We would not have come this far without your help.
Fleming Pedersen Dambo
Staccato Technologies
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I couldn't have done the application without the support from Euro-Funding Their expertise and guidance was invaluable.
Klas Ehnemark
Knowing Company
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Very positive to have strength in both business development and technology at the same time. Now we have a really good business plan.
Pablo Pérez
AQUACORP
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The experience of working with Euro-Funding has been both exciting and demanding because. The level of the consultants has been professional from an emotional intelligence and technical speaking perspective.
Manuel Grases
Flexofibers
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I would recommend working with Euro-Funding. The level of professionalism is evident in the company. The process was exactly what we required.
Cristina Ferreras
Venter Pharma
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Euro-Funding helped us in a very professional and efficient way in all the steps of the preparation of the proposal. We consider the proposal to be of a very high standard. Without their help, we would not have been able to have the proposal in time and with such high quality.
Mátyás Péter
Medres Kft. / Cardiosight Ltd.
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Despite a tight deadline, the team at Euro-Funding managed to accomplish the task and delivered an excellent grant proposal. It was a pleasure working with them.
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  • Applicants must be legal entities: private, public entities or international organizations.
  • Applicants must be directly responsible for the implementation and management of the project (no intermediaries).
  • Applicants may apply on their own or within a consortium.
  • Eligible countries are EU member states, Norway or Iceland

 

Small-scale projects

Large-scale projects

Size of the project

Between 2.5 M€ and 7.5 M€ CAPEX

> 7.5M€ CAPEX

Eligible activities

Renewables, energy-intensive industries, carbon capture and storage, energy storage.

Renewables, energy-intensive industries including carbon capture, utilisation and storage (CCUS), energy storage, substitute products and cross-cutting projects.

Application process

One phase

One phase.

Volume of support

Up to 60% of capital expenditure (CAPEX).

Up to 60% of the additional costs linked to the innovative low-carbon technology applied.

  • Activities supporting innovation in low-carbon technologies and processes in the sectors listed in Annex I of the 2003/87 ETS Directive, including environmentally safe carbon capture and utilisation (CCU) that contributes substantially to climate change mitigation, as well as substitutes.
  • Activities that help stimulate the construction and operation of projects that aim at environmentally safe capture and geological storage of CO2 (CCS).
  • Activities that help stimulate the construction and operation of renewable energy and energy storage technologies.

Eligible activities in small-scale and large-scale projects may vary, for more details on the two different types of project funding, we recommend to consult us.

With regard to the possible eligible applications for projects, they are very varied:

  • New plants
  • Modifications of existing plants
  • Product substitution
  • Innovative fuels / electro-fuels / use of biomass / electrification of existing plants
  • New products that save emissions in use
  • New products that save emissions in their end-of-life treatment
  • Any combination of the above.

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