An innovation-powered Europe brings jobs and growth, says Martin Kern
'There are entrepreneurs across Europe with bold ideas, ready to bring the change Europe needs'.
'Imagine having your heating bills reduced by up to 30 per cent, while reducing CO2 emissions - all without having to lift a finger. Think it all sounds too good to be true? Thanks to European Institute of Innovation and Technology (EIT) Community-backed innovators, it isn't. The EIT powers innovation.
Take German-based tech start-up tado°, which designed an intelligent heating control system that links to smartphones. The system knows when you are home and can even recognise when you are on your way home, turning heating on, ready for your return.
In the past five years, tado° has raised more than €50m to become one of the world's best-funded Internet of Things start-ups. Its backers include Climate-KIC, one of the EIT's innovation communities.
tado° joined us at the Climate-KIC Venture Competition. It then entered the Climate-KIC accelerator programme, benefiting from Climate-KIC's start-up advisors, its European network, funding and contact with other investors.
What tado° shows - and what the stories of more than 200 start-ups created by the EIT Community within the areas of climate, digitalisation, energy, healthy living and active ageing, and raw materials show - is that there are entrepreneurs across Europe with bold ideas, ready to bring the change Europe needs. SMEs play a key role in the European economy.'
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