Innovation Fund Small Scale Projects


Programme Category

EU Competitive Programmes

Programme Name

Innovation Fund (2021-2027)

Programme Description

The Innovation Fund program that helps reduce greenhouse gas (GHG) emissions.

“Large-scale” projects are projects with a capital expenditure of over € 7.5 million.

“Small scale” projects are projects with a total capital cost of less than € 7.5 million.

Programme Details

Identifier Code



Innovation Fund Small Scale Projects


The objectives of this call are to:
(a) support projects demonstrating highly innovative technologies, processes, business models or products/services, that are sufficiently mature and have a significant potential to reduce greenhouse gas emissions
(b) offer financial support tailored to market needs and risk profiles of eligible projects, while attracting additional public and private resources

Detailed Call Description

The following activities can be funded under this call:

  • activities that support innovation in low-carbon technologies and processes including environmentally safe carbon capture and utilisation (CCU) that contributes substantially to mitigating climate change, as well as products substituting carbon-intensive ones produced in sectors listed in Annex I to the EU ETS Directive
  • activities that help stimulate the construction and operation of projects that aim at the environmentally safe capture and geological storage of CO2 (CCS)
  •  activities that help stimulate the construction and operation of innovative renewable energy and energy storage technologies.

Carbon capture and utilisation can be funded if the capture of CO2 occurs within one of the activities listed in Annex I of the EU ETS Directive, or if the utilisation of CO2 results in products substituting carbon-intensive ones from the sectors listed in Annex I to the EU ETS Directive, even if carbon is captured outside the activities of Annex I.
Only activities carried out by beneficiaries or affiliated entities can receive funding.

Call Total Budget


Financing percentage by EU or other bodies / Level of Subsidy or Loan


Thematic Categories

  • Energy
  • Environment and Climate Change
  • Research, Technological Development and Innovation

Eligibility for Participation

  • Central Government
  • Investment Funds
  • Large Enterprises
  • Private Bodies
  • Researchers/Research Centers/Institutions
  • State-owned Enterprises

Eligibility For Participation Notes

In order to be eligible, the applicants (beneficiaries and affiliated entities) must:

  • be legal entities (public or private bodies)
  • be established in one of the eligible countries: any country in the world.

Call Opening Date


Call Closing Date


National Contact Point(s)

Ministry of Agriculture, Rural Development and Environment
Mrs. Maria Loizou
28th of October Avenue 20-22
2414 Engomi, Nicosia
Telephone: +357 22408955

Ministry of Research, Innovation and Digital Policy
Ms. Elena Poulli
29 Vyronos Avenue
1096 Nicosia
Telephone: +357 22691921

(Publish Date: 06/04/2022-for internal use only)

EU Contact Point

European Executive Agency for Climate, Infrastructure and the Environment