General InformationThe EU Innovation Fund is a €10 billion European Commission financing mechanism established in 2020 to scale up clean-tech and climate innovation across Europe.
Funding & FinancialsThe program itself is funded by the EU budget; individual projects received grants ranging from €10-50 million for demonstration and first-of-a-kind commercial projects.
Leadership & TeamAdministered by the European Commission's Climate, Infrastructure and Environment Directorate-General (DG CLIMA).
Recent Activity54 projects were selected across multiple calls (2021-2023) spanning carbon capture, hydrogen, renewables, advanced materials, and energy storage.