News
Innovation Fund
What you need to know about the Innovation Fund
The programme is expected to allocate some 38 billion euros by 2030 to finance Europe's decarbonisation
Innovation Fund
Investment projects that would lead to a significant reduction of CO2 emissions in various sectors can be submitted until September 19
Do you have an investment project whose implementation would significantly reduce CO2 emissions in energy-intensive industries, or CO2 capture, transport and sequestration, or renewable energy production or energy storage? You may be interested in the third call for small scale projects of the Innovation Fund programme.
The Innovation Fund Small Scale 2023 call will only support investment projects in these areas with a very high level of innovation and a CAPEX between €2.5 million and €7.5 million. Funding may be up to 60% of the CAPEX in the form of a lump sum grant, i.e., a global grant to the project, not linked to its specific costs. The deadline for submission of projects is 19 September 2023.
Innovation Fund Small Scale 2023 funds small-scale projects that have not yet reached commercialisation and that present highly innovative and pioneering technologies in their relevant markets, and whose potential for reducing greenhouse gas emissions is very high. These projects often face high barriers to attracting public and private investment, as they present high levels of technological risk due to their high innovative value.
The two key aspects of success in the assessment of Innovation Fund Small Scale 2023 are:
Other relevant aspects of success are:
With a budget of €100 million, it is estimated that this call could fund around 25-30 projects, to be installed and commissioned in any EU country, Norway or Iceland (or Northern Ireland in the case of electricity generation, transmission, distribution and supply projects). Among the projects not selected for reasons of low maturity, the EIB will also offer Project Development Assistance (PDA) to up to 20 of them, to help them in this respect and thus increase their chances of success in future calls for proposals.
At Zabala Innovation we have extensive experience in supporting our clients in the presentation of projects to this programme. On the one hand, in the first Innovation Fund call for large-scale projects (Large Scale), we helped Ecoplanta, one of the seven projects chosen throughout Europe on that occasion, to succeed. On the other hand, in the first Innovation Fund Small Scale call, we helped our customers to get the support to implement three of the 30 selected projects: AGGREGACO2, SUN2HY and SKFOAAS.
As for the second Small Scale call, 67% of the projects that were able to count on the support of Zabala Innovation for their development have been successful and have been selected to receive a grant. All this consolidates our position as a benchmark in European programmes as competitive as Innovation Fund.
The extensive experience in past calls for proposals acquired by our team of experts, made up of multidisciplinary profiles and led from the knowledge area of Energy, endorses us and allows us to offer a complete service in all the required aspects of Innovation Fund.
News
Innovation Fund
The programme is expected to allocate some 38 billion euros by 2030 to finance Europe's decarbonisation
Opinion
Innovation Fund
Rocío Fernández
Consultant
Publication
LIFE 2021-2027
Don't miss the changes in administrative and financial management that have taken place in LIFE, the most important European environmental programme
Europe offers many opportunities to support and foster Research, Development and Innovation actions. Competition is high and being well positioned among stakeholders active in each sector requires a well thought-out plan of action and an active way of promoting visibility in Brussels.
We can help you with cascading funding, an EC mechanism that distributes public funding to help SMEs develop digital innovation.
We guide companies through the implementation of adequate innovation strategies, which allows them to tackle any transformation challenge in a coordinated and effective manner, from an integrated perspective.
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.
Keeping this cookie enabled helps us to improve our website.
Please enable Strictly Necessary Cookies first so that we can save your preferences!
This website uses the following additional cookies:
(List the cookies that you are using on the website here.)
Please enable Strictly Necessary Cookies first so that we can save your preferences!