EIT InnoEnergy, the innovation engine for sustainable energy across Europe, has launched its 2017 Investment Round to discover, support and launch the next revolutionary technologies in energy innovation.
In its sixth year, the Investment Round – previously the Call for Innovation Proposals – is open to proven technology concepts that will help to change the future of the energy industry. By connecting successful applicants with InnoEnergy’s pan-European network of industry experts, businesses and researchers, the round will help European businesses – start-ups, SMEs or larger, address the challenges faced when commercialising technology – shortening the journey from lab to launch.
Since 2011, the Investment Round has successfully supported projects to raise €1.2 billion (bn), with EIT InnoEnergy investing €147 million and the remainder being funded by partner companies and investors. This has resulted in the creation of 250 project partners across Europe, with 78 products now commercially viable and linked to €3bn in forecasted sales.
Diego Pavia, CEO at EIT InnoEnergy, says: “Sustainable energy innovation is vital to reduce emissions, slow climate change and provide affordable energy for countries worldwide. Our Investment Round for Innovation Projects has already facilitated a number of success stories and the impact of the technologies is clear – more than €3bn in forecasted sales. It’s quite something.”
This year’s Investment Round has a simplified, streamlined application. The three-page questionnaire will make the round more accessible to an increased number of applicants and enable EIT InnoEnergy to screen technologies based on specific criteria.
“InnoEnergy is at the forefront of today’s sustainable energy sector. The Investment Round will enable us to achieve our objective and support more European businesses to commercialise the next big innovations in sustainable energy,” Pavia continues.
More information about the proposal process is also available via two free webinars. You can register to view them here.
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