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Innovation Fund

Published on:
1 October 2020
Last checked on:
8 January 2024

Companies and partnerships working on innovative low-carbon technologies can apply for funding from the Innovation Fund. The Innovation Fund is a financing programme from the European Commission. We expect the programme to run from 2020 until 2030. The total budget is € 10 billion and may amount to about € 40 billion.

The budget is from the European Emissions Trading System’s income (ETS). The European Commission published further details of the scheme on 23 November 2023. The new scheme includes a further broadening of the scope of the Innovation Fund towards aviation and maritime industries, road transport and buildings. As well as a revised Call for proposals including prescribed methodologies. In addition, within the general topic both CAPEX and OPEX is supported for small, medium-scale as well as for large scale projects. All documents can be found on the website of the European Commisian.

Check out all relevant documents

Conditions 

Companies and partnerships can apply with their projects. An applicant must belong to one of the sectors mentioned in the text of the call. The Innovation Fund has annual calls which combine 3 topics:

  1. General, with small, medium and large scale projects
  2. Clean-tech manufacturing
  3. Pilot projects on validating and testing highly-innovative and deep decarbonization solutions. In addition, the IF2023 call includes an Auction on new production of RFNBO hydrogen.

The Innovation Fund focuses on:

  • Innovative low-carbon technologies and processes in energy-intensive industries
  • Products that replace carbon-intensive products
  • Carbon capture and utilisation (CCU)
  • Carbon capture and storage (CCS)
  • Renewable energy generation
  • Energy storage

Applications 

The IF2023 Call for proposals and IF2023 Auction on RFNBO hydrogen is now open. The Call will close on 9 April 2024 and the Auction on 8 February 2024.

On 7 December 2023 CINEA organised an InfoDay along with the Directorate-General for Climate Action (DG CLIMA). Did you miss the webinar or do you want to rewatch it? Watch the webinar. Did you want to rewatch it? Watch the webinar.

Role of the Netherlands Enterprise Agency

If you have serious plans to apply, please contact us. We can help you with your questions, such as combining subsidies. For example, an application for the Innovation Fund and a national scheme such as SDE ++. The Netherlands Enterprise Agency (RVO) has, however, no role in the preparation or the assessment of an application for the Innovation Fund.

You can contact us via innovationfund@rvo.nl. Companies working on initiatives that contribute to a sustainable industry or large companies subject to ETS in the Netherlands have a contact person at the Netherlands Enterprise Agency (RVO). You can also contact this regular contact person. We will treat all information as confidential.

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Commissioned by:
  • Ministry of Economic Affairs and Climate Policy
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