Innovation Fund

New European Innovation Agenda

Report on the implementation of the New European Innovation Agenda

EU to invest over €65 million to scale up innovative clean tech projects

The Commission has today selected 17 small-scale innovative clean tech projects to receive over €65 million in project support under the EU Innovation Fund. These funds will help companies in Europe, including small businesses, to bring breakthrough technologies to the market in energy-intensive industries, renewable energy, and energy storage. The selected projects cover a wide […]

€4 billion call for proposals for net-zero technologies under the Innovation Fund

The Commission is today opening the Innovation Fund's 2023 call for proposals with a record budget of €4 billion to support the deployment of innovative decarbonisation technologies. The call is funded by revenues from the EU Emissions Trading System (EU ETS), underlining the importance of carbon pricing for the green transition. The Commission has increased […]

Innovation Fund: EU invests €3.6 billion of emissions trading revenues in innovative clean tech projects

Today, the Commission is awarding over €3.6 billion to 41 large-scale clean tech projects, to be financed through the EU Innovation Fund. With a focus on the REPowerEU Plan and phasing out Europe's imports of Russian fossil fuels, these projects cover a wide range of industries, such as cement, steel, advanced biofuels, sustainable aviation fuels, […]

Innovation Fund: €100 million offered for innovative small-scale clean tech projects

Today, the European Commission is launching the third call for small-scale projects under the Innovation Fund, one of the world's largest funding programmes for the deployment of innovative low-carbon technologies. Financed by revenues from the auctioning of emission allowances from the EU's Emissions Trading System (EU ETS), this call for small-scale projects will further boost […]

European Innovation Council Fund injects €331 million of equity into European deep-tech companies

The European Innovation Council Fund (EIC Fund) has taken 42 new investment decisions into deep-tech companies for a total of €331 million since the last announcement in November 2022. 13 companies have already signed their investment agreements. These are pioneering start-ups that are poised to bring breakthrough innovations to citizens and businesses: a new type […]

European Structural and Investment Funds supported SMEs, employment of millions of people and clean energy production

In 2014-2020, the European Structural and Investment Funds (ESI Funds) unleashed a total investment of €731 billion, of which €535 billion was funded by the EU, fostering lasting socio-economic convergence, territorial cohesion, social Europe and a smooth green and digital transition. This is explained in the 2022 Summary Report on the Implementation of the ESI […]

EU Cohesion Policy: €37.3 billion for Spain to support its green transition and a fair and competitive economy

In 2021-2027, Spain will benefit from €37.3 billion in Cohesion Policy funding to accelerate the country's green transition, finance innovation and digitisation, increase the employment rate and improve local social services. The strategy and details for these investments are set out in the Partnership Agreement between Spain and the Commission. The strategy will mainly focus […]

European Innovation Council Fund: first equity investments for a total of €190 million under Horizon Europe

The EIC Fund - the equity investment arm of the European Innovation Council (EIC), which is a key component of the New European Innovation Agenda to identify, develop and scale up deep tech innovations, has taken 35 investment decisions, the first batch under Horizon Europe. The announcement has been made today by Mariya Gabriel, Commissioner […]

Commission invests €3 billion in innovative clean tech projects to deliver on REPowerEU

Today, the European Commission is launching the third call for large-scale projects under the EU Innovation Fund. With a budget doubled to €3 billion thanks to increased revenue from the auctioning of EU Emissions Trading System (ETS) allowances, this 2022 call for large-scale projects will boost the deployment of industrial solutions to decarbonise Europe. With […]

Report on the implementation of the Innovation Fund

Report on the implementation of the Innovation Fund, including the review referred to in Article 24 of Regulation 1031/2010

Innovation Fund: EU invests €1.8 billion in clean tech projects

Today, the EU is investing over €1.8 billion in 17 large-scale innovative clean-tech projects with a third round of awards under the Innovation Fund. Grants will be disbursed from the Innovation Fund to help bring breakthrough technologies to the market in energy-intensive industries, hydrogen, renewable energy, carbon capture and storage infrastructure, and manufacturing of key […]