Secure Funding with the Innovation Fund Call 2024

The EU Innovation Fund Call offers a record €4.6 billion to catalyse industrial innovation and accelerate Europe’s transition to climate neutrality.

• General Decarbonization Projects 
  • Large-Scale projects: €1.2 billion, for capital expenditure above €100M.
  • Medium-Scale projects: €200M, for capital expenditure between €20M–€100M.
  • Small-Scale projects: €100M, for capital expenditure between €2.5M–€20M.

• Clean-Tech Manufacturing: €700M for projects exceeding €2.5M in capital expenditure.
• Pilot Projects: €200M, targeting disruptive technologies with capital expenditure above €2.5M.
• Production of renewable fuel of non-biological origin (RFNBO) hydrogen
  •  General Auction for Hydrogen use in all sectors: € 1 billion
  •  Specific Auction for Hydrogen use in Maritime sector: €200 M

• Manufacturing of electric vehicles battery cells: €1 billion, for capital expenditure above €2.5M.

The Innovation Fund Call 2024 offers a transformative opportunity to drive decarbonization, innovation, and energy efficiency across the EU. With a history of over 100 successfully funded projects in previous calls, this program provides up to 60% funding for eligible project costs, empowering companies to commercialize cutting-edge low-carbon solutions that are setting industry benchmarks throughout Europe.

The current call for proposals is now open, with submissions accepted until April 24, 2025. To qualify, projects must align with the EU’s decarbonization objectives, demonstrate technical and financial feasibility, and showcase innovative approaches alongside significant greenhouse gas reduction potential.

Securing funding through the Innovation Fund can be a complex process, requiring careful navigation of eligibility criteria, documentation, and strategic planning, so if you are exploring funding options, we are also happy to set up a no-obligation orientation call.

At KPMG, we don’t just point you toward opportunities, we partner with you at every step, leveraging decades of experience and a proven track record in securing EU funding.

If you're considering this opportunity, we’d be happy to arrange a no-obligation consultation to explore how we can help position your project for success.