The European Innovation Fund (EIF) is a pivotal funding program within the European Economic Area (EEA) designed to support the demonstration of innovative low-carbon technologies. With the goal of accelerating Europe's journey to climate neutrality, the EIF plays a crucial role in funding groundbreaking projects focused on reducing greenhouse gas emissions. The upcoming auction and call for proposals for 2024 will emphasize funding for projects developing innovative low-carbon technologies and renewable hydrogen production. The EIF presents an unparalleled opportunity for businesses looking to drive clean technology forward while contributing to the green transition. It aims to catalyze investment in clean energy, trigger economic growth through innovative solutions, boost job creation in emerging green sectors, and solidify Europe's position as a global leader in sustainable technologies. Key areas of focus for the EIF include energy-intensive industries, carbon capture, renewable energy innovations such as hydrogen production, advanced energy storage, net-zero mobility solutions, and low-carbon building technologies. Projects awarded grants under the EIF are selected based on criteria like the degree of innovation, greenhouse gas emissions reduction effectiveness, project maturity, replicability potential, and cost efficiency compared to emission savings. The recent allocation of EUR 4.8 billion in grants under the IF23 call to 85 innovative net-zero projects highlights the scale of impact the EIF aims for, spanning various sectors across 18 EEA member states. Deloitte Belgium has been successful in assisting clients with EIF applications, securing substantial funding for multiple projects. Their European Funding Centre of Excellence offers services like compliance assessment and end-to-end project support to enhance project success under the EIF.