As the successor of the NER300 programme, the Innovation Fund improves the risk-sharing for projects by giving more funding in a more flexible way through a simpler selection process and is also open to projects from energy-intensive industries.

The EU Innovation Fund is one of the world’s largest funding programmes for the demonstration of innovative low-carbon technologies and will contribute to greenhouse gas reduction.

The EU Innovation Fund focuses on highly innovative technologies and big flagship projects with European value added that can bring significant emission reductions.

The EU Innovation Fund support is available to projects located in all EU Member States, Norway and Iceland.

The Commission Delegated Regulation on the EU Innovation Fund provides the overall framework for its operation.

Knowledge sharing is an essential part the Innovation Fund because it supports the replication and the faster market penetration of the fund supported technologies or solutions.