EIT InnoEnergy to facilitate access to EU public finance for the battery value chain

EIT InnoEnergy takes a significant step to address the challenges associated with accessing public funding for Europe’s strategic batteries sector. The ‘One-Stop-Shop to EU Finance’ service will simplify access to public funding for start-ups and scale-ups across the battery value chain by providing guidance on how to get access to public funding more efficiently. The service is supported by European Commission Vice President Maroš Šefčovič who leads the European Battery Alliance.

Securing EU public funding is a quality seal for many private investors and a key component to continue boosting growth in rapidly growing sectors like batteries. But start-ups and scale-ups often battle with lengthy and complex processes which necessitate time and resource that industry newcomers do not have to spare. The One-Stop-Shop will bring greater speed, simplicity and clarity to the application process for scale-ups and increase chances of benefitting from public funding.

 

Thore Sekkenes, European Battery Alliance Programme Director at InnoEnergy

The One-Stop-Shop service is set-up in recognition of the crucial role public funding can play for the start-up and scale-up fundraising journey, enabling a company to de-risk both technology and its business case for private investors. While public funding can act as a catalyst for private investment, the diversity of the EU public financing landscape, where eligibility criteria and application procedures of numerous programmes can differ, presents barriers to access.