Innovation fund

European funding programme for the demonstration of innovative low carbon technologies

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APPLICATION ROUNDS

A new call for ‘large-scale’ projects is expected to be launched in November 2022 (deadline: March 2023). And the next call for ‘small-scale’ projects is expected to launch in April 2023 (deadline: September 2023).

THE INNOVATION FUND IN BRIEF

The Innovation Fund is one of the world’s largest funding programmes for the demonstration of innovative low-carbon technologies. The EU Emissions Trading System (EU ETS) is providing the revenues for the Fund by auctioning emission allowances.

 Who is it for?

  • Enterprises
  • Consortia
 What will be funded?

The Innovation Fund finances breakthrough technologies for renewable energy, energy-intensive industries, energy storage, and the capture, use and storage of carbon. This fund gives impetus to the green recovery by creating local future-proof jobs, paving the way for climate neutrality and strengthening European technological leadership worldwide.

Grant budget and amounts

The total budget for 2020-2030 is estimated at 38 billion euros. A grant will cover up to 60% of the project costs.

 The focus of the Innovation Fund:

  • Innovative low-carbon technologies and processes in energy-intensive industries, including products substituting carbon-intensive ones
  • Innovative renewable energy generation
  • Energy storage
  • Carbon capture and storage (CCS)
  • Carbon capture and utilisation (CCU)

Criteria

To apply for the Innovation Fund, your project must meet the following criteria:

  • Your project is highly effective in reducing greenhouse gas emissions.
  • Your project is highly innovative.
  • Your project has reached a certain level of maturity.
  • Your innovation/project offers opportunities for wider application.
  • Your project is cost effective.
 How can EGEN support you?

Applying for the Innovation Fund involves quite some effort and specific expertise. Having a real shot in this competitive programme requires you to develop a high-quality proposal that includes at least the following items:

  • GHG emissions avoidance calculation
  • Relevant cost calculation
  • (Technical) Feasibility Study
  • Project Implementation Plan
  • Knowledge Sharing Plan

EGEN’s consultants can support you in performing the required calculations, structuring, and writing convincing documents, and managing the application process. Furthermore, they can assist you in strategically scoping and positioning your project in accordance with relevant market trends and EU policy objectives.

EGEN is part of PNO Group and has experts in the domains of environment, energy and mobility who have the mission to accelerate sustainable innovation. Did you know that PNO Group accounts for 7 of the 17 large-scale Innovation Fund applications that were recently approved by the EU?

THE PURPOSE OF THE GRANT

This fund focuses on innovations that contribute to making Europe climate neutral. The Innovation Fund aims to drive innovative, breakthrough low-carbon technologies.

Large and Small-scale projects

The Innovation Fund supports two types of projects: small-scale and large-scale. Small-scale projects are projects with total capital costs between 2.5 and 7.5 million euros.  Large-scale projects are those with a capital expenditure above 7.5 million euros. 

Eligible for funding are projects that involve very innovative technologies as well as big flagship projects:

  • demonstration projects: projects that focus on bringing new, promising, innovative technologies to the market
  • advanced R&D projects: projects that are close to the commercialisation phase (pilots).

The fund does not support:

  • projects that are still in the research phase or projects that involve advanced technologies that already entered the market: these are not eligible for the Innovation Fund
  • projects that are too advanced: projects that are already rolling out an innovation on a large scale. There are sometimes still opportunities for scale-ups.

As an Innovation Consultant and Business Developer, I am constantly working on identifying opportunities, setting up initiatives and shaping projects. It is my goal to accelerate sustainable innovations and the investments of clients.

As an Innovation Consultant and Business Developer, I am constantly working on identifying opportunities, setting up initiatives and shaping projects. It is my goal to accelerate sustainable innovations and the investments of clients.

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