European Funds for Modern Economy (FENG) is a strategic EU-funded support program for 2021–2027, aimed at strengthening the innovation and competitiveness of Polish enterprises. This program provides businesses with access to financing for R&D projects, implementation of new technologies, and innovative solutions in production and services. It is one of the most significant programs in Poland for financing research, development, and innovation, serving as a growth driver for rapidly evolving companies.
Key Areas of Support within FENG
- Research and Development Projects (R&D)
FENG supports high-potential innovation projects, enabling enterprises to conduct comprehensive research and development activities. Funding is available for the entire development process of new products or technologies – from basic research through industrial research to experimental development. Companies can receive support for prototype creation, testing of new solutions, and preparation for implementation, enabling them to conduct advanced R&D without straining their budgets. - Innovation Implementation
For businesses ready to commercialize their research outcomes, FENG offers funding for the implementation process. Support covers the rollout of new products, technologies, or production processes that significantly enhance a company’s competitiveness and efficiency. FENG funding can be used to equip production facilities with modern machinery, implement advanced digital technologies, and optimize operational processes. - Green Innovations and Energy Transformation
FENG places a strong emphasis on projects supporting sustainable development. The program supports enterprises aiming to reduce emissions, manage resources efficiently, and adopt green innovations. Businesses can receive funding for investments in energy-saving technologies, renewable energy sources, and solutions that minimize environmental impact. - Digitization and Automation
FENG aids companies in digital transformation, enabling them to develop and implement advanced digital systems that increase efficiency and automate processes. Funding covers the implementation of ERP, CRM systems, the Internet of Things (IoT), and production line automation. The goal is to accelerate digital transformation within enterprises, allowing them to respond better to market challenges and increase competitiveness. - Workforce and Skills Development Support
The FENG program also provides funding for training and educational projects, helping enterprises develop their employees’ skills. This includes training in advanced technologies, innovation management, and modern digital solutions. Investing in workforce development facilitates the effective implementation of innovations and efficient project management in R&D.
Who Can Benefit from the FENG Program?
The European Funds for Modern Economy are aimed at small, medium, and large enterprises operating in Poland, with a particular preference for companies with clear innovation-driven growth plans that seek a competitive edge through investments in new technologies and skill development. Enterprises in high-tech, sustainable development, and digital sectors have the best chances for substantial support.
How Green HUB PL Can Assist
At Green HUB PL, we offer comprehensive support for securing funds from FENG. Our experts assist in preparing application documentation, conducting a detailed needs analysis for each project, and supporting project management throughout the implementation stage. We monitor deadlines and program updates to maximize our clients’ chances of receiving funding.
If you’re interested in learning how FENG can support your company’s growth, contact us – we’ll help you turn innovative ideas into reality.