Commission launches EUR 570 million instrument to support interregional innovation projects (I3)

The European Commission has launched a new funding instrument designed to support the commercialisation and scaling up of interregional innovation projects in shared smart specialisation areas in the period 2021-2027. The new instrument provides investment support in key European priorities, such as the green and digital transition. It also has a strong cohesion dimension as at least half of its budget will be dedicated to less developed regions.

On this occasion, Commissioner for Cohesion and Reforms, Elisa Ferreira said: ’’With the Interregional Innovation Investments Instrument we are exploiting the untapped potential of stronger interregional cooperation for a more innovative, competitive and cohesive European Union.'' 

The first call for projects with a budget of EUR 145 million will cover the years 2021 and 2022.

An info day will be organised on 9 December 2021 for all interested stakeholders.