EIT InnoEnergy launches PowerUp! competition for sustainable energy innovators
Up to €150k support on offer for the best and brightest
EIT InnoEnergy, Europe’s largest sustainable energy accelerator, today launches PowerUp! – the biggest regional competition for energy start-ups in Central and Eastern Europe (CEE). The competition is part of the EIT InnoEnergy Regional Innovation Scheme.
EIT InnoEnergy is offering the opportunity to take part in its flagship Highway programme, which offers support worth €150k to the most promising sustainable energy start-ups, along with three cash prizes of up to €20k.
Successful applicants will take part in unique bootcamp workshops to hone their ideas and develop skills to accelerate their businesses towards commercialisation – including professional mentoring and expert knowledge-sharing programmes. The best start-ups will progress to national finals where they will pitch their innovative solutions to a panel of CEE industry, start-up and energy experts.
15 start-ups will advance to the grand finals in Budapest in November to battle for the top cash prize of €20k and the opportunity to join EIT InnoEnergy’s exclusive Highway programme. The Highway is a unique accelerator programme worth up for €150k for early stage start-ups with a time to market of less than two years.
Jakub Miller, CEO of EIT InnoEnergy Poland Plus, says: 'CEE has huge innovation potential and we’re on a mission to realise that. We want to find the biggest, best and brightest innovations that can make Europe’s sustainable energy future a reality. By offering them bootcamp workshops, professional mentoring, and business and financial support we hope to empower these companies to make a real difference to CEE’s economy.'
The competition is open until the 11th of September and is available for start-ups working in one of EIT InnoEnergy’s eight areas of focus:
- Clean Coal and Gas Technology
- Energy Storage
- Energy Efficiency
- Nuclear Instrumentation
- Renewable energies
- Smart and Efficient Buildings and Cities
- Smart Electric Grid
- Energy from Chemical Fuels
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