The Innovation Fund program that helps reduce greenhouse gas (GHG) emissions.
“Large-scale” projects are projects with a capital expenditure of over € 7.5 million.
“Small scale” projects are projects with a total capital cost of less than € 7.5 million.
The objective of this topic is to support highly innovative, disruptive or breakthrough technologies in deep decarbonisation needed for achieving the climate neutrality goal and strengthening synergies with the Horizon Europe programme.
The following activities can be funded under this topic:
Construction and operation of pilot projects that focus on validating, testing and optimising highly innovative, deep decarbonisation solutions in sectors eligible for Innovation Fund support. Pilot projects can thus concern: industrial sectors, including environmentally safe carbon capture and utilisation (CCU) that contributes substantially to mitigating climate change, as well as products substituting carbon-intensive ones produced in sectors to the EU ETS Directive or construction and operation of innovative energy or CO2 storage solutions or construction and operation renewable energy installations (in photovoltaics, concentrated solar power, onshore and offshore wind power, ocean energy, geothermal, solar thermal, and others), including innovative systems aspects such as connection to the electricity/heat grid.
In this topic, a higher degree of innovation is expected than in the other topics.
Consequently, the activities that can be funded are those that tackle technical risks linked to the innovative technologies and solutions, e.g. optimising process and operational parameters of the innovation, and/or improving the characteristics of the final products produced.
Pilot projects should prove an innovative, deep decarbonisation or net carbon removal technology or solution in an operational environment, but are not expected yet to reach large scale demonstration or commercial production. Nevertheless, the project can entail limited production/operation for testing purposes, including delivery to/from potential customers for validation.
Typically, these projects would have a limited life-time (3 to 5 years). If the project is successful, the proposed technology should move to the next stage of a large-scale demonstration or first-of-a-kind commercial production.
The available call budget is €3,000,000,000 for grants and € 6,000,000 for project development assistance (PDA) support.
The maximum amount of Innovation Fund grant for an individual project under this topic is limited to €40 million.
In order to be eligible, the applicants (beneficiaries and affiliated entities) must:
Projects must comply with EU policy interests and priorities (such as environment, social, security, industrial and trade policy, etc).
Financial support to third parties is not allowed.
Ministry of Agriculture, Rural Development and Environment
Mrs. Maria Loizou
28th of October Avenue 20-22
2414 Engomi, Nicosia
Telephone: +357 22408955
Email: mloizou@environment.moa.gov.cy
Website: www.moa.gov.cy
Ministry of Research, Innovation and Digital Policy
Ms. Elena Poulli
29 Vyronos Avenue
1096 Nicosia
Telephone: +357 22691921
Email: epoulli@research.org.cy, epoulli@dmrid.gov.cy
Website: www.dmrid.gov.cy
(Publish Date: 04/11/2022-for internal use only)
European Executive Agency for Climate, Infrastructure and the Environment
https://cinea.ec.europa.eu/contact-0_en