Innovation Fund 2023 Net Zero Technologies – General decarbonisation – Large-Scale Projects
The Innovation Fund 2023 Net Zero Technologies – General decarbonisation – Large-Scale Projects (INNOVFUND-2023-NZT-GENERAL-LSP) is a European Union initiative aimed at fostering large-scale innovative projects that significantly contribute to the decarbonisation of key sectors. This program provides substantial financial support for pioneering low-carbon technologies and processes, especially those with high capital expenditure, to accelerate Europe's transition towards net-zero emissions.
Who is Funded
The Innovation Fund 2023 Net Zero Technologies – General decarbonisation – Large-Scale Projects supports a broad range of entities across EU Member States, Norway, and Iceland. Its primary objective is to advance innovative low-carbon technologies and processes, focusing on significant greenhouse gas emission reductions in various industrial and energy sectors.
What is Funded
This funding program focuses on supporting innovative technologies and processes that lead to substantial decarbonisation. It covers a wide array of sectors and activities designed to reduce greenhouse gas emissions, particularly emphasizing large-scale projects and excluding certain service-oriented initiatives.
Type and Scope of Funding
The Innovation Fund provides grants based on a lump sum model, covering a significant portion of eligible project costs. Projects must meet specific financial and operational milestones to receive disbursements, and a minimum capital expenditure is required for large-scale projects.
Conditions and Requirements
Applicants and beneficiaries must adhere to strict conditions regarding project maturity, financial commitments, collaboration structures, and compliance with State aid regulations. Key milestones and reporting obligations are also in place.
Application Procedure
The application process for the Innovation Fund 2023 Net Zero Technologies call involves a single-stage submission, rigorous evaluation by independent experts, and clear feedback mechanisms for all applicants. Support services are available for application-related queries.
Legal Basis
The Innovation Fund operates under a comprehensive legal framework established by the European Union, ensuring transparency, consistency, and compliance with EU policies and regulations for climate action and funding.
Similar Programs
Funding Overview
Funding Status:
Closed
Maximum Amount:
Up to 60% of relevant costs
Allocated Budget:
4,000,000,000 €
Award Channel:
Competitive Tender
Region:
EU Member States, Norway, Iceland (EEA territory). Projects can use technologies developed outside the EEA, but activities must be implemented/located within the EEA.
Sectors:
Energy Production and Supply, Renewable Energy, Water and Waste Management, Transportation and Logistics, Information and Communication Technology, Healthcare, Research and Development, Construction and Building Materials, Other
Application Type:
Optional Consortium
Funding Stages:
Commercialization, Scaling, Pilot Testing, Implementation
Funding Provider
Program Level:
European Union
Funding Body:
European Commission
Managed By:
CINEA (European Climate, Infrastructure and Environment Executive Agency)
Additional Partners:
European Investment Bank (EIB) - Project Development Assistance (PDA)
Website: