innovation | ethics | impact

EU Innovation Fund | Large Scale Projects

| Sectors: Climate action, Clean Tech, Innovation
| Granting entity: EU Innovation Fund
| Deadline: October 29
| Type of support: Investment
| Funding/benefits: 1 Billion Euros
| Applicants: Private entities, public entities, or international organisation
| Locations: EU

Synopsis: The European Commission has launched the first call for proposals under the Innovation Fund, one of the world’s largest programmes for the demonstration of innovative low-carbon technologies, financed by revenues from the auction of emission allowances from the EU’s Emissions Trading System.

The Innovation Fund will finance breakthrough technologies for renewable energy, energy-intensive industries, energy storage, and carbon capture, use and storage. It aims to boost the green recovery by creating local future-proof jobs, paving the way to climate neutrality and reinforcing European technological leadership on a global scale.

The first call will provide grant funding of €1 billion to large-scale projects for clean technologies to help them overcome the risks linked to commercialisation and large-scale demonstration. For promising projects which are not yet ready for market, a separate budget of €8 million is set aside for project development assistance.

The call is open for projects in eligible sectors from all EU Member States, Iceland and Norway. 

Link to application: https://ec.europa.eu/info/funding-tenders/opportunities/portal/screen/opportunities/topic-details/innovfund-lsc-2020-two-stage

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