Insights

The European Union has set ambitious goals for achieving a climate-neutral and circular economy by 2050. Among one of the largest funding programmes to demonstrate low-carbon technologies is Innovation Fund, which had its call deadline on 9^th April 2024, releasing a total of 4B€ in grants. Over the past few months, our Spinverse funding experts have been working hard together with clients to submit several project proposals. Together, these projects demonstrate potential for significant greenhouse gas (GHG) avoidance and bring together many innovative actors in Europe.

Innovation Fund instrument by CINEA (European Climate, Infrastructure and Environment Executive Agency) launches billions of euros to sustainable projects which decrease industrial carbon footprint and greenhouse gas emissions. The funding decisions for Large-scale projects were recently published and Spinverse is proud to have contributed to the positive funding decision for four Nordic projects. 

Lignin Industries from Sweden converts lignin so it can be blended with virgin and recycled thermoplastics to create new types of bioplastics. Lignin Industries recently secured 4.4. M€ funding from the EU Innovation Fund to help them financing the expansion of the first-of-its-kind large-scale production site located in Sweden. Lignin Industries secured their success in the highly competitive application process with support from Spinverse funding experts.

As the annual cycle soon closes, October Q4 opened a new and continuous wave of EU funding calls. Many organizations might be focusing on reporting of the current year, but don’t forget this is also the time to build the next year’s strategy and work plans considering some funding deadlines can spawn into Spring 2022.

The extensive funding expertise of Spinverse came to good use when Technology Industries of Finland, Chemical Industry Federation of Finland and Finnish Energy requested Spinverse to help them create an easy-to-read website about EU funding. Aptly named as EU Funding Playbook, the approachable and visual website aims to help companies get a good overview and practical tips to the exciting and somewhat complex world of public funding.

Year 2020 has featured the starting point of a remarkable 10-year European investment into innovative low carbon projects. The European Commission has successfully launched the Innovation Fund, which is expected to provide over 10 B€ of grants between 2020-2030 for upscaling innovative clean technologies. The funding comes from revenues from the auction of emission allowances within the EU’s Emissions Trading System. 

Technology Industries of Finland, The Chemical Industry Federation of Finland, Finnish Forest Industries and Business Finland are arranging, together with Spinverse and VTT, a series of webinars on Horizon Europe programme and Innovation Fund. The first webinar is held on 3rd December, 2020 at 9 – 12.30 (EET). Among the speakers is our Managing Director Laura Koponen, and our health sector expert Riikka Paasikivi will be facilitating one of the parallel sessions on the themes of four Horizon Europe Clusters in the first Work Programs. 

The European Commission has just launched the first call for proposals under the Innovation Fund, with over 1 B€ allocated for clean technology projects. This massive programme is meant for the projects for innovative low-carbon technologies and it is financed by revenues gained from the auction of emission allowances from the EU's Emissions Trading System.

The European Commission has announced a remarkable investment programme worth 10 B€ or more, focusing on highly innovative, mature technologies and big flagship projects that aim to bring significant emission reductions in Europe. We asked Risto Savolainen, our Vice President for the Sustainable Industries business unit, to shed more light into this topic.