Funding Programmes

Innovation Fund


The EU Innovation Fund (EUIF), managed by the European Climate, Infrastructure, and Environment Executive Agency (CINEA) and funded through the EU Emissions Trading System (EU ETS), is one of the world’s largest funding programmes for the demonstration and market maturation of innovative low-carbon technologies. It supports projects that contribute to greenhouse gas (GHG) reduction, such as carbon capture and storage, innovative low-carbon technologies, generation of renewable energy, and energy storage. The objective is to share the risk with project promoters to help with the demonstration of first-of-a-kind highly innovative projects to decarbonise Europe and support its transition to climate neutrality.

EUIF Grants

EUIF supports small-scale projects (total CAPEX, i.e., capital expenditure, between €2.5 million and €20 million), medium-scale projects (CAPEX between €20 million and €100 million), and large-scale projects (CAPEX above €100 million) through grants. In addition, the Fund has a technical assistance component which allows unsuccessful proposals that meet certain conditions to benefit from Project Development Assistance (PDA) support by the European Investment Bank (EIB). EUIF grants aims to support technologies that are not yet commercially available but represent breakthrough solutions or are sufficiently mature to be ready for demonstration at a pre-commercial scale. Second-of-a-kind commercialisation can also be considered innovative under certain conditions – where the relevant costs remain a significant share of total costs that prohibit commercialisation without further public support.

EUIF Auctions

Competitive bidding is expected to provide an additional line of support and to contribute to market creation on key low carbon products. Auctions will commence in Q1 2024 through the first pilot auction on RFNBO hydrogen, supported by the European Hydrogen Bank and aligned with CEEAG guidelines. This competitive bidding is expected to be expanded in the future to other low carbon products, such as methanol or SAF, and for carbon storage.

Funding Available

EUIF grants supports up to 60% of relevant costs held by projects. Relevant costs are the net extra costs (CAPEX and OPEX) linked to the implementation during the 10 years after the project’s entry into operation. EUIF auctions will provide a fixed-premium support for up to 10 years to the low carbon products included in the bid.

Application Process

The application process for both EUIF grants and auctions is based on a written proposal, submitted electronically for given deadlines. EUIF grants will be evaluated based on (1) GHG emission avoidance potential, (2) degree of innovation, (3) project maturity, (4) scalability/replicability, and (5) cost efficiency. In the EUIF auctions, bids will be ranked based on price only, after some eligibility and quality checks.


  • The projects must be sufficiently mature in terms of operational capacity, business model, and financial and legal structure.
  • Technology must be implemented on the territory of one (or more) of the EU Member States, Norway, Iceland, or Liechtenstein. Individual companies or consortia applying can be from outside EU Member States.
  • The projects must deliver the estimated products and GHG emission savings during a 3-10 year operation period.
  • Only cost-efficient and scalable/replicable technologies can be competitive.


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For more detailed information and latest updates, see the official programme website.

Case stories

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