The European Union's Innovation Fund provides a significant financial boost of EUR 2.4 billion for projects focusing on innovative net-zero technologies. This funding covers a wide range of industry sectors, including the combustion of fuels, refining of oil, production of metals, cement, glass, ceramics, paper, ammonia, and hydrogen, as well as aviation and maritime transport technologies. The fund emphasizes projects that leverage waste heat, electrify industrial processes, and enhance energy efficiency. The supported initiatives include the construction and launch of production plants for components related to renewable energy sources like solar and wind energy, electrolysers, and fuel cells, as well as energy storage and heat pump solutions. Projects are encouraged to incorporate recycled materials, process automation, digitization, and emission reduction strategies for sustainable production. To be eligible for funding, projects must meet a specified capital expenditure threshold, with different support pathways based on the investment value. Legal entities within EU Member States or EEA countries can apply for up to 60% coverage of relevant costs. There are various calls for proposals available, with a focus on promoting innovation in Net Zero technologies and processes across industries such as refining, metal production, cement, and more. The EU Innovation Fund also backs pilot projects dedicated to testing and optimizing clean energy solutions in areas like hydrogen production, carbon capture, and renewable energy systems. It encourages advancements in product development and production processes to drive industry innovation and environmental impact reduction.