However, Article 107(2) and (3) provide various exceptions to this prohibition. When these conditions are met, state aid is considered compatible, or deemed compatible, with the internal market, allowing member states to offer such aid. Examples include aid for “Important Projects of Common European Interest” (IPCEI) and aid for specific economic activities. The IPCEIs refer to projects that significantly advance EU industry, economic growth, employment, green and digital transitions, and competitiveness. Each IPCEI must be jointly developed by at least 4 member states and notified to the European Commission for approval before implementation.