Innovation Fund 2024 Net Zero Technologies – General decarbonisation – Medium-Scale Projects
The Innovation Fund 2024 Net Zero Technologies call supports innovative low-carbon technologies crucial for Europe's decarbonisation journey. This specific call focuses on medium-scale projects aimed at achieving climate neutrality by bringing industrial solutions to market. It provides tailored financial support to accelerate the deployment of ground-breaking clean technologies across various sectors.
Who is Funded: Eligibility for Net Zero Technology Projects
The Innovation Fund 2024 Net Zero Technologies call targets legal entities globally, focusing on projects located within EU Member States or EEA countries. Its overarching goal is to accelerate Europe's decarbonisation by supporting highly innovative, mature low-carbon technologies and industrial solutions.
What is Funded: Project Scope and Eligible Activities for Decarbonisation
The Innovation Fund supports innovative low-carbon technologies across various sectors, including energy-intensive industries, renewable energy, energy storage, and transport. Funding is allocated as a lump sum grant, calculated as a percentage of eligible 'relevant costs', with a focus on mature projects progressing towards industrial deployment.
Type and Scope of Funding: Financial Support and Project Timelines
The Innovation Fund offers lump sum grants, covering up to 60% of relevant project costs, with a total call budget of EUR 2.4 billion. Medium-Scale Projects have a dedicated budget of EUR 200 million. Project durations include a defined period to reach financial close and subsequent operational monitoring.
Conditions and Requirements: Compliance and Project Implementation
Applicants must adhere to strict submission guidelines, including page limits and mandatory annexes, and demonstrate robust financial and operational capacity. The grant agreement outlines specific budget restrictions, milestone-based payments, and requirements for intellectual property, communication, and knowledge sharing. While not explicitly requiring a consortium, internal agreements are advised for multi-partner projects.
Application Procedure: Submission and Evaluation for Innovation Fund Grants
Applying for Innovation Fund grants involves an online submission via the Funding & Tenders Portal, requiring comprehensive documentation and adherence to strict deadlines. The selection process is a single-stage, expert-led evaluation against rigorous award criteria, with opportunities for Project Development Assistance or transfer to national schemes for promising proposals.
Legal Basis: Authorizing Documents for the Innovation Fund
The Innovation Fund is firmly rooted in a comprehensive legal framework, with its authority derived from specific EU Decisions and regulations. Key legal texts govern its operation, ensuring adherence to EU financial rules and climate objectives. These official documents are publicly accessible through European Commission online platforms.
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Funding Overview
Funding Status:
Closed
Maximum Amount:
Up to 60% of relevant costs
Allocated Budget:
Total call budget: 2,400,000,000 €; specifically for Medium-Scale Projects: 200,000,000 €
Award Channel:
Competitive Tender
Region:
EU Member States, EEA countries
Sectors:
Renewable Energy, Energy Production and Supply, Transportation and Logistics, Construction and Building Materials, Research and Development, Other
Application Type:
Optional Consortium
Funding Stages:
Pilot Testing, Commercialization, Scaling, Implementation
Funding Provider
Program Level:
European Union
Funding Body:
European Commission
Managed By:
European Climate, Infrastructure and Environment Executive Agency (CINEA)
Additional Partners:
European Investment Bank (EIB) for Project Development Assistance (PDA)
Website: