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CIP instruments supporting Eco-innovation EU Finance day for SMEs Athens 20th January 2009 Aurelio Politano

CIP instruments supporting Eco-innovation EU Finance day for SMEs Athens 20th January 2009 Aurelio Politano. The context. Environmental Technologies Action Plan (ETAP) Launched in 2004, it stimulates Eco-innovation and take-up of environmental technologies Different sets of actions:

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CIP instruments supporting Eco-innovation EU Finance day for SMEs Athens 20th January 2009 Aurelio Politano

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  1. CIP instruments supporting Eco-innovation EU Finance day for SMEsAthens 20th January 2009Aurelio Politano DG Environment European Commission

  2. The context Environmental Technologies Action Plan (ETAP) • Launched in 2004, it stimulates Eco-innovation and take-up of environmental technologies • Different sets of actions: • Getting from Research to Markets • Improving Market Conditions • Acting Globally • CIP resources to support Eco-innovation: €433 Mln, 3 types of instruments DG Environment European Commission

  3. Pilot/Market replication • Budget: €195 Mln (2008-13) • Support the first applications and market uptake of innovative technologies and practices. Covering market oriented activities, with a strong emphasis on SMEs • Process: • Call for proposals (~April/May) • Applications (~September) • Assessment (~December) • Award decision (~January/February) DG Environment European Commission

  4. Pilot/Market replication • 2008: • Priorities: Recycling, Buildings, Green Business, Food and Drink • Award criteria: Relevance, Quality, Impact, Budget, EU added value • Main features: 40 to 60% co-financing, maximum duration 36 months, ~ €28 Mln EU funds • 2009: • ~ €27 Mln EU funds, call by May, application by September • Priorities not yet decided, but based on previous year and policy developments • More info: http://ec.europa.eu/environment/etap/ecoinnovation/index_en.htm DG Environment European Commission

  5. High Growth and Innovative SME Facilities • Financial instruments for Eco-innovation (€225 Mln) • High Growth and Innovative SME Facility (GIF): Community participation in Eco-innovative risk capital funds which provide equity to SMEs (GIF1 seed or early development, GIF 2 expansion) DG Environment European Commission

  6. High Growth and Innovative SME Facilities • Two deals signed so far: • Cleantech Capricorn Fund: size ~ €110 Mln, GIF 1, targets only cleantech companies http://www.capricorn.be/en/cleantech-view/capricorn-cleantech-fund/ • Pinova fund: size ~ €150 Mln, GIF 2, targets at least 30% cleantech companies http://www.pinovacapital.com/company_en.html • 1 additional fund approved and negotiations in advanced phase for 2 more in 2009 • More info for interested Venture and Risk capital funds: http://www.eif.org/venture/team/index.htm DG Environment European Commission

  7. Networks of Eco-innovation • Networked Observatory on Eco-innovation • under Europe INNOVA • €2 Mln over 3 years • Championing Eco-innovation policy • under PRO-INNO Europe • €3 Mln over 3 years • Up to 95% of eligible costs • Deadline: February 12th, 2009 More information: http://ec.europa.eu/enterprise/funding/files/themes_2008/calls_prop.htm DG Environment European Commission

  8. ETAP on the web http://ec.europa.eu/environment/etap/index_en.html For more information DG Environment European Commission

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