Innovation Fund

The Innovation Fund (IF) is a European programme that provides funding for the demonstration of low-carbon technologies that are innovative. The IF plans to invest approximately 38 billion euros in the EU's efforts towards a climate-neutral future from 2020 to 2030. The fund aims to bring industrial solutions for decarbonisation to the market. If you are developing an innovative technology that could result in a significant reduction in emissions, we can assist you in submitting an IF grant application.


The Innovation Fund centers around the following themes:

  1. Innovative low-carbon technologies and processes for energy-intensive industries such as steel, cement, glass, chemicals, paper, etc. This includes products that substitute carbon-intensive ones.
  2. Carbon capture and utilization (CCU).
  3. Construction and operation of carbon capture and storage (CCS).
  4. Innovative renewable energy generation.
  5. Energy storage.


The Innovation Fund aims to facilitate the reduction of greenhouse gas emissions by:

  • Establishing suitable financial incentives for investments in next-generation technologies that are crucial for the EU’s transition to a low-carbon economy.
  • Empowering companies with a first-mover advantage, thereby boosting growth and competitiveness, and helping them become global leaders in clean technology.
  • Supporting the development of innovative low-carbon technologies in all EU Member States, Iceland, and Norway, enabling them to take off and reach the market.


The Innovation Fund targets highly innovative technologies and large flagship projects in Europe that can achieve significant reductions in emissions.

  • The program supports cross-cutting projects focused on innovative low-carbon solutions that lead to emission reductions in multiple sectors, including through industrial symbiosis.
  • The fund is open to small-scale projects (project costs between 2.5 and 20 million euros), medium-sized projects (project costs between 20 million and 100 million euros) and large-scale projects (project costs above 200 million euros).
  • The Innovation Fund can provide support for up to 60% of the additional capital and operational costs of large-scale projects and up to 60% of the capital costs of small-scale projects.

How we can help you? 

If you require assistance with the details of the innovation fund or need advice and support for your grant application, PNO chemistry’s consultants are available to help. Please don’t hesitate to contact us. 

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