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European Union (EU) Innovation Fund

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The EU Innovation Fund is a financial mechanism supporting groundbreaking technologies for low-carbon energy, including funding infrastructure and advanced materials for industrial-scale renewable hydrogen projects.

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The Innovation Fund supports high-potential innovations in the EU, especially those contributing to climate, energy, and industrial technology advances. It awarded €21.4 million for this project under its 'Strategic Technologies for Europe Platform (STEP)' program to support decarbonization in aviation.
The EU Innovation Fund is central to Europe's decarbonization strategy, providing grants for ambitious greenhouse gas reduction technologies. The Fund has supported Agfa’s capacity expansion for its ZIRFON membrane production, underlining the relevance of the project for EU climate goals.[2][3][4]

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