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INNOVFUND – Innovation Fund Small Scale Projects – 2023

Innovative Fund - Innovation Fund Small Scale Projects aiming at supporting innovation in low-carbon technologies.

2023-09-19
105 million euro
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Appeal framework

Institution European Commission
Sectors Environment & Climate Research & Innovation Technology & Digital
Beneficiaries All beneficiaries
Regions European Economic Area, European Union, Worldwide
Details

Actions must take place in EU Member States, Norway or Iceland.


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Priorities and funded actions

Objectives

  • To support projects demonstrating highly innovative technologies, processes, business models or products/services, that are sufficiently mature and have a significant potential to reduce greenhouse gas emissions
  • To offer financial support tailored to market needs and risk profiles of eligible projects, while attracting additional public and private resources

Among financed actions

  • Activities that support innovation in low-carbon technologies and processes
  • Activities that help stimulate the construction and operation of projects that aim at the environmentally safe capture and geological storage of CO2
  • Activities that help stimulate the construction and operation of innovative renewable energy and energy storage technologies

Additional information

  • This call for proposals is an open call for proposals
  • Initial duration of the action: 48 months

Eligibility

  • Be a legal person
Financement
  • Total budget of the call: 105 million euro
  • Co-financing rate: up to 60% of the total eligible costs
  • This grant is a lump sum grant

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