Important Projects of Common European Interest (IPCEI)
Important Projects of Common European Interest (IPCEI) is a strategic funding program of the European Union to provide financial support for projects of particular European interest. The European value chains are to be strengthened, starting with research and development up to industrial implementation.
Target Areas supported by IPCEI:
- Battery cells
- Next Generation Cloud Infrastructure and Services
- Hydrogen in the energy sector
- Pharmaceutical Industry
The overall goal of IPCEI is to foster cooperation between member states, to stimulate innovation and to create jobs by supporting projects that have a positive impact on society, the environment, and the economy.
IPCEI funds are provided through a combination of national and EU-level support, and the funding is intended to help bridge the gap between research and commercialization of innovative products and technologies. The projects supported by IPCEI are typically high-risk and require substantial upfront investment, making them difficult to finance through traditional funding mechanisms.
IPCEI projects must be related to a specific industry sector and must be deemed to be of strategic importance for the EU. Examples of sectors that have received IPCEI funding include renewable energy, electric vehicles, microelectronics, and hydrogen technologies. The funding is typically provided to consortia of companies that work together on the project, with each member contributing expertise, resources, and funding.
One of the unique features of IPCEI is the level of cooperation and coordination required among participating member states. The projects must involve at least two EU member states and require a coordinated approach to research, development, and commercialization. The funding is also subject to strict rules and guidelines to ensure that it is used effectively and transparently.
Overall, IPCEI is an important tool for the EU to support strategic industries and promote innovation, while also fostering cooperation and collaboration among member states. The program has a budget of €1.7 billion for the period of 2021-2027, and is expected to fund a number of large-scale projects with significant impact on the European economy.
Symbios Funding & Consulting GmbH has its core competences in the energy, digital infrastructure and transport sector.