Innovation Fund

The Innovation Fund is the EU fund for climate policy, with a focus on energy and industry. It aims to bring to the market solutions to decarbonise European industry and support its transition to climate neutrality while fostering its competitiveness.

The Innovation Fund’s goals are to:

-help businesses invest in clean energy and industry
-boost economic growth
-create future-proof jobs
-reinforce European technological leadership on a global scale.

This is done by funding innovative projects focusing on:

-innovative low-carbon technologies and processes in energy-intensive industries, including products that can substitute carbon-intensive ones
-carbon capture and utilisation – CCU
-construction and operation of carbon capture and storage (CCS) facilities
-innovative renewable energy generation
-energy storage
-net zero mobility (maritime, aviation, road transport) and buildings

Application process

There will be regular calls for project proposals throughout the duration of the Innovation Fund (between 2020 and 2030).

Project promoters can apply via the EU Funding and Tenders portal by submitting their proposals when there is an open call for projects.

If you have questions about the EU Innovation Fund, you can send an inquiry to: inovacijski-fond(at)