Innovation Fund (2021-2027)

Summary

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 Description

The Innovation Fund will contribute to greenhouse gas reduction by:

  • helping create the right financial incentives for new investments in the next generation of technologies needed for the EU’s low-carbon transition
  • boosting growth and competitiveness by empowering companies with a first-mover advantage to become global clean technology leaders
  • supporting innovative low-carbon technologies in all Member States in taking off and reaching the market.

It is bigger and better in several ways:

  • Open to projects from energy intensive-industries
  • Improves the risk-sharing for projects: its grants cover up to 60% of the additional capital and operational costs of innovation
  • Provides support in a more flexible way, following the cashflow needs of the project through pre-defined milestones
  • Simpler selection process
  • Stronger synergies with other EU funding programmes
  • Streamlined governance and simplified decision-making

Thematic Categories

  • Agriculture - Farming - Forestry
  • Energy
  • Environment and Climate Change
  • Research, Technological Development and Innovation
  • Rural development

Eligibility for Participation

  • Central Government
  • Farmers, Agriculturalists
  • Large Enterprises
  • Private Bodies
  • Researchers/Research Centers/Institutions
  • State-owned Enterprises

Call Opening Date

01/01/2021

Call Closing Date

31/12/2027

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
Email: mloizou@environment.moa.gov.cy
Website: www.moa.gov.cy

Ministry of Research, Innovation and Digital Policy
Ms. Elena Poulli
29 Vyronos Avenue
1096 Nicosia
Telephone: +357 22691921
Email: epoulli@research.org.cy, epoulli@dmrid.gov.cy
Website: www.dmrid.gov.cy

EU Contact Point

European Executive Agency for Climate, Infrastructure and the Environment
https://cinea.ec.europa.eu/contact-0_en

Programme/Sub-programme/Plan Calls
  • Innovation Fund Small Scale Projects

    Opened

    Code: 20532 | Identifier Code: InnovFund-2021-SSC | Programme name: Innovation Fund (2021-2027) | Start submission calls: 31/03/2022 | End submission calls: 31/08/2022

    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

  • Innovation Fund Large Scale Projects

    Closed

    Code: 15099 | Identifier Code: InnovFund-LSC-2021 | Programme name: Innovation Fund (2021-2027) | Start submission calls: 26/10/2021 | End submission calls: 03/03/2022

    The objectives of this call are to:

    • support projects demonstrating highly innovative technologies, processes or products, that are sufficiently mature and have a significant potential to reduce greenhouse gas emissions;
    • offer financial support tailored to market needs and risk profiles of eligible projects, while attracting additional public and private resources.

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