EU Innovation Fund
Óscar Salazar es Managing Director en la unidad de Fondos Europeos en Euro-Funding, donde lidera un equipo multidisciplinar de más de 30 profesionales internacionales, incluido el equipo de la oficina de Bruselas. Con casi tres décadas de trayectoria profesional, ha desarrollado una sólida carrera en la gestión de fondos europeos, la coordinación de proyectos de I+D+i y la evaluación externa de programas internacionales de innovación. Antes de su actual responsabilidad, desempeñó roles como Technical Manager y Senior Project Manager en Euro-Funding, además de haber trabajado como gestor de proyectos en organismos como el Ministerio de Ciencia e Innovación, el CSIC, y como evaluador externo en iniciativas europeas de financiación. Asimismo Óscar aporta una sólida experiencia en investigación básica y desarrollo en compañías de referencia en biotecnología, desarrollo de fármacos, y diagnóstico molecular como MSD, Genómica-Pharmamar y Biotools, Su formación académica integra un Executive MBA por EAE Business School y la Universidad de Barcelona, un posgrado en European Research Management por la Universidad Politécnica de Madrid, un doctorado y máster en Biología Molecular y Bioquímica por la Universidad Autónoma de Madrid, donde también obtuvo su licenciatura. Este recorrido le ha permitido consolidar un perfil que combina la excelencia científica con la visión estratégica en financiación y gestión de proyectos europeos, contribuyendo al crecimiento y posicionamiento internacional de empresas, universidades y centros de investigación.
We are delighted to announce that two innovative projects have secured funding from the EU Innovation Fund. Both projects will drive Europe’s transition to a more sustainable and carbon neutral future, with expected investments of over €100 million per project.
One of the projects seeks to increase renewable energy production infrastructures and strengthen Europe’s role as a global leader in clean energy technologies.
The second project will use pumped hydroelectric power to ensure clean and reliable energy.
What is the EU Innovation Fund?
The Innovation Fund The European Union’s Innovation Fund is one of the world’s largest funding programs. It is designed to accelerate the implementation of innovative technologies that contribute to reducing greenhouse gas emissions. The aim of this fund is to support projects that decarbonize European industry, while promoting competitiveness in global markets. Among the objectives pursued by this fund are:
- Boosting investment in clean energy clean energy and innovative industrial technologies
- Promoting economic growth and job creation
- Strengthen technological leadership European leadership at world level
On the other hand, knowledge sharing is also sought in order to accelerate the application of new technologies or solutions supported in the market. Thus, the projects selected for financing by the Innovation Fund must share the ideas developed. They must also participate in activities that accelerate the implementation and promote the commercialization of the technologies developed.
It is one of the most important financing instruments for the EU in order to meet the EU’s for the EU in order to meet the commitments made by the EU under the Paris Agreement and the priorities set out in the European Green Plan. The aim is also for Europe to take the lead on the road to clean technology and to become a global benchmark. a global benchmark.
What projects are you targeting?
The Innovation Fund focuses primarily on projects and technologies that are highly innovative and can contribute to significant emission reductions. It is important to note that projects must be sufficiently mature in terms of planning, business model and financial and legal structure. In other words, they must be projects that have already passed the initial development phases and are at the point of making the leap to commercial-scale production.
To date, the Innovation Fund has published annual calls for proposals in which different categories have been established depending on the size of the investment. Following the 2023 review, the following have been established:
- Small-scale projects: total capital expenditure between €2.5 million and €200 million.
- Medium-scale projects: total capital expenditure between €20 million and €100 million.
- Large-scale projects: total capital expenditure in excess of €100 million.
- Innovative pilot projectsCapital expenditure between 2.5 and 40 million euros.
Clean-tech component manufacturing projects.IF24 calls for proposals are expected to be launched on December 3, 2024. December 3, 2024.
In 2023, the Innovation Fund selected a total of 85 projects that will receive a total of 4.8 billion euros. From the opening of the call in November 2023 until its closing in April 2024, the European Commission received a total of 337 applications from 37 countries.
In the last call for proposals, Spain took the lead in terms of projects selected with a total of 23 projects. 23 projects 570 million and 13 projects selected for assistance from the European Investment Bank (EIB). European Investment Bank (EIB).
Although the Innovation Fund reports to the European Commission, the European Climate, Infrastructure and Environment Executive Agency is the implementing body.
In conclusion, the projects financed by the European Union Innovation Fund will be key to reinforcing its commitment to the fight against climate change and the transition of the European economy towards a cleaner and more sustainable economy.
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