Innovation Fund second large-scale call for projects
European Commission is launching the second call for large-scale projects in the context of the Innovation Fund, with EUR 1.5 billion from the EU Emissions Trading System (ETS).
Taking into account the significant oversubscription in the first call and the strong project pipeline, the Commission simplified the application process, which now consists of only one stage. This will reduce significantly the lead time from application to grant award.
Projects will be evaluated according to their potential to avoid greenhouse gas emissions, their innovation potential, their financial and technical maturity, their potential for scaling up and their cost efficiency. The call is open for projects from all EU Member States, Iceland and Norway until the 3rd of March 2022.
For projects that are promising but not sufficiently mature for a grant, there will be project development assistance by the European Investment Bank.
Read the full press release.