![Commission launches EUR 570 million instrument to support interregional innovation projects (I3) Commission launches EUR 570 million instrument to support interregional innovation projects (I3)](https://eu-skladi.si/en/in-focus/news/commission-launches-eur-570-million-instrument-to-support-interregional-innovation-projects-i3/@@images/ff299f51-eced-4b5a-a44c-4e8987f9525e.png)
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.