NEDO Green Innovation Fund (GI Fund)

Green Innovation Fund Project

Funds Japanese consortia transforming carbon-neutral industrial systems across energy and material technologies.

The Green Innovation Fund Projects are a suite of large-scale, multi-year research, demonstration, and social implementation initiatives managed by NEDO on behalf of Japan's Ministry of Economy, Trade and Industry (METI). The fund was established in FY2020 with an initial allocation of ¥2 trillion from the Tertiary Supplementary Budget and subsequently expanded to approximately ¥2.8 trillion (roughly USD 20 billion). Projects are designed to achieve carbon neutrality by 2050 in alignment with Japan's Green Growth Strategy, spanning priority sectors including hydrogen supply chains and fuel cells, offshore wind, next-generation batteries, ammonia and hydrogen co-firing power generation, green steel, carbon capture and storage, sustainable aviation fuels, next-generation ships, and advanced digital infrastructure.

Project budgets vary substantially by scope. Smaller-scale projects launch at ¥10–30 billion, such as the Next-Generation Ships project launched in February 2026 at ¥15 billion. Mid-scale sectoral demonstration projects typically fall between ¥30–100 billion. Large-scale flagship projects range significantly higher, including the Next-Generation Digital Infrastructure project at ¥190.12 billion and the Hydrogen Supply Chain project at approximately ¥250 billion. Each project requires multi-year commitments of up to ten years of continuous NEDO support, with milestone-based disbursement tied to social implementation progress. Industry co-funding, typically 30 percent or more of total project cost, is required.

Eligibility is structured around Japanese industry consortia, with at least one major Japanese company as the primary recipient. Universities and research institutes participate as collaborators but are not primary recipients. Projects must demonstrate strategic alignment with the Green Growth Strategy and include a commitment to social implementation, not pure research. Project selection is conducted by METI and NEDO based on strategic priority. Applications are accepted by invitation or competitive solicitation per project track, administered through NEDO program offices.