Is your company on a mission to reduce carbon emissions to fight climate change? To become climate neutral by 2050, Europe has to take drastic measures to reduce greenhouse gas emissions. To support this ambitious goal, European Commission has launched an Innovation Fund programme to fund both large-scale and small-scale projects that demonstrate low-carbon technologies. Read on to find out if your SME company or a consortium you are part of is eligible to have your fair share of the 10 B€ available through this massive funding programme over the period of 2020-2030 — the next small-scale call is approaching early next year!
The Innovation Fund is one of the largest European programmes to fund demonstrations of innovative CO2-reducing technologies or low-carbon technologies. The project scope can be related to Carbon Capture, Utilisation and Storage (CCUS), low-carbon technologies or processes in energy intensive industries, renewable energy generation and energy storage. Up to 60% of the CAPEX/operational costs of a project can receive funding.
The small-scale Innovation Fund invests in truly innovative demonstration projects that last 3 to 10 years. The project must demonstrate first-of-its kind low-carbon technologies that are not available in the market as of yet. For eligible small-scale projects, the total size can be between 2.5 and 7.5 M€. The eligible organisation can be an individual company or a group of multinational entities collaborating together for a common goal of GHG avoidance and sustainability.
When to apply?
The next call for small-scale projects is planned to open on 15 March 2022 with an expected budget of 100 M€, but we strongly advise to kickstart your preparations already now to be as ready as possible when the call is launched.
Would you like to learn more? Join our free webinar on 15th December, 2021 at 10:00-10:45 (EET)
Would you already like to discuss with our funding experts who can help you to crystallise your strategy and put together your funding proposal? We are happy to help!