EU funding programs:

Eurostarts (EU)

Program description:
Eurostars programme supports research-performing SMEs and individual scientist to develop innovative products, processes and services, to gain a competitive advantage. Eurostars provides funding for transnational innovation projects for rapid commercialisation.

Typical grant size: 0.7-1 MEUR
Subsidy rate: 50-60%
Call frequency: 1-2 times a year

Horizon Europe (EU)

Program description:
Horizon Europe is an ambitious €100 billion research and innovation programme to succeed Horizon 2020 for the next programme period 2021-2027. Horizon Europe focuses on Research and Innovation Actions (RIA) and Innovation Actions (IA) on a broad range of digital, industrial and space technologies. Project proposals must reply to a specific topic in the calls announced.

Typical grant size/Max. grant size: 3-5 MEUR / 8 MEUR (our estimate)
Subsidy rate: 70% (Innovation Action), 100% (Research and Innovation Actions)
Call frequency: Multiple calls each year

Innovation Fund EU (EU)

Program description:
The EU’s Innovation Fund is one of the world’s largest funding programmes for demonstration of innovative low-carbon technologies. The Innovation Fund focuses on innovative low-carbon technologies, carbon capture, utilization and storage (CCUS), innovative renewable energy generation and storage.

Max. grant size – small-scale projects: 4.5 MEUR
Max. grant size – large-scale projects: 100 MEUR (our estimate)
Subsidy rate: 60% of CAPEX (and OPEX for 10 years in case of large-scale projects) based on the real CO2 reduction during 10-year period.
Call frequency: 2 times a year (one call for small-scale projects, and one call for large-scale projects)