October 8, 2024

Video #4: The Degree of Innovation in Innovation Fund

Our video tutorials continue!

The European ETS Innovation Fund provides grants to support investments for the decarbonization of European industry. However, the Innovation Fund isn’t for everyone.

In this video, we offer an overview of what is considered innovative in relation to the fund’s purpose. Innovation is the most important evaluation criterion for selecting Innovation Fund projects. But what exactly qualifies as innovation? And how is it assessed? Innovation isn’t always linked to research. An Innovation Fund project may include only a small amount of R&D. A low degree of innovation, however, will lead to rejection.

So, what is a good level of innovation? In the EU, in general, public support favouring certain undertakings or the production of certain goods is considered being incompatible with European regulations. However, projects that represent breakthrough solutions that are not yet available commercially, may be supported if they are expected to help realizing EU goals and strategies. Thus, funding can be justified by defining the innovation.

Want to learn more? Follow us on our YouTube channel, on LinkedIn and stay up-to-date by visiting our Website. We will guide you through the secrets of the Innovation Fund application process!

Copyright © PNO Consultants GmbH, 2024. All rights reserved.