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.

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

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

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

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

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