InnoEnergy calls for next big innovation in sustainable energy as deadline for Investment Round nears
Eindhoven, Netherlands - 28 March 2017
InnoEnergy, the innovation engine for sustainable energy across Europe, is calling for energy innovators to apply to its 2017 Investment Round before the approaching 7 April deadline.
InnoEnergy is searching for the next big innovation in sustainable energy - proven technology concepts that have the potential to revolutionise Europe's energy future. In addition to funding, the Investment Round aims to shorten the commercialisation journey for European businesses by connecting successful applicants to InnoEnergy's network of industry partners - more than 250 of them - representing the best of industry, research institutes and universities.
Diego Pavia, CEO at InnoEnergy, says: "A sustainable energy sector needs new products, new solutions and new services. Taking a clean energy idea from a light bulb moment to a powering-the-light bulb moment is an exciting process, but transforming a concept into a successful, commercial product can be a long and complex journey. Too often, promising ideas falter because they've got funding, but no broader support.
"At InnoEnergy, we're hunting for ground-breaking technologies with a strong business case that need investment and backing to make them a reality. By leveraging our European footprint, successful applicants will have access to a thriving supply side, connecting projects with start-ups, industry and researchers to provide complementary skills and resources; and a thriving demand side, connecting commercially viable products with markets and customers, to provide early adopters and industrialisation support."
Since 2011, InnoEnergy has invested €157 million in 83 innovation projects, connected to €3bn in forecasted sales. In particular, InnoEnergy has facilitated the commercialisation and adoption of new technologies including WindFloat, a floating foundation for offshore turbines and the Energy Supply Cooperative model for carbon dioxide-free dwellings for low-income households.
The Investment Round is open until 7 April 2017. Businesses can find out more about the simple application process and apply via the link.
InnoEnergy is the innovation engine for sustainable energy across Europe.
The challenge is big, but our goal is simple: to achieve a sustainable energy future for Europe. Innovation is the solution. New ideas, products and services that make a real difference, new businesses and new people to deliver them to market.
At InnoEnergy we support and invest in innovation at every stage of the journey - from classroom to end-customer. With our network of partners we build connections across Europe, bringing together inventors and industry, graduates and employers, researchers and entrepreneurs, businesses and markets.
We work in three essential areas of the innovation mix:
Education to help create an informed and ambitious workforce that understands the demands of sustainability and the needs of industry.
Innovation Projects to bring together ideas, inventors and industry to create commercially attractive technologies that deliver real results to customers.
Business Creation Services to support entrepreneurs and start-ups who are expanding Europe's energy ecosystem with their innovative offerings.
Bringing these disciplines together maximises the impact of each, accelerates the development of market-ready solutions, and creates a fertile environment in which we can sell the innovative results of our work.
InnoEnergy was established in 2010 and is supported by the European Institute of Innovation and Technology (EIT).