EIT InnoEnergy, the European innovation engine for sustainable energy, has crowned Danubia NanoTech the winner of PowerUp! The company has been awarded a EUR 50,000 cash prize and a place on its coveted business creation programme – the Highway for its aerial temperature monitoring technology. The solution will enhance the viability of electric vehicle (EV) batteries and grid battery storage by significantly extending battery lifetime.
The annual competition organised by EIT InnoEnergy, attracts start-ups specialising in technological innovations in the field of sustainable energy management. The key benefit of such initiatives is to network of connections that businesses get through participating in EIT InnoEnergy’s start-up eco-system across Europe. The final of the PowerUp! competition, held in Krakow, Poland saw fourteen finalists present their solutions and business cases to the jury and the audience at Impact 2019 Conference.
Over 300 innovative teams from 24 countries entered the competition which began earlier this year. In a series of regional rounds, innovators battled it out putting forward their business cases for innovations across sustainable energy, cleantech, mobility, cybersecurity and smart cities.
Danubia NanoTech, presented a solution for aerial temperature monitoring in a form of graphene temperature sensor to extend EV battery life, available as an extremely thin film, applied on any non-metallic substrate. Temperature management is key to making EVs reliable and efficient. This is particularly important during rapid EV charging as the heat created in this process must be effectively dissipated to prevent the battery cells from overheating and being damaged.
“We applied to the competition because we have been seeking a smart investor like EIT InnoEnergy that not only provides financial investment, but also supports us with business development through its network,” says Patrik Krizansky, CEO of Danubia NanoTech. “With this award, we are very excited to start fine tuning the product to the needs of customers and commercialise it,” says Patrik Krizansky, CEO of Danubia NanoTech.
“It’s worth emphasising that the PowerUp! competition isn’t just for energy companies: it’s also opened to solutions focusing on mobility, clean air technology, heating, cleantech and smart technologies. What distinguishes us from other competitions is that, apart from financial prizes, participants can rely on our comprehensive support, mentoring and entrepreneurial know-how to help take their products and services to the next level,” adds Jakub Miler, CEO of EIT InnoEnergy Central Europe.
Through PowerUp! and other initiatives, EIT InnoEnergy has already helped hundreds of products to market globally and giving an opportunity to hundreds of innovative entrepreneurs to thrive on a global market, spreading sustainable energy solutions. The competition encourages sustainable energy solutions in Europe and beyond through supporting, investing and connecting all players in the field.
The second place of PowerUp! was awarded to Atlant 3D, which created a versatile 3D printer for micro and nanochip fabrication to rapidly accelerate prototyping for micro-and nanodevices at a fraction of the time and cost together with EUR 10,000. Third place was taken by V-Chiller, a revolutionary cooling device that can chill canned beverages in just a single minute, using minimal energy with minimal environmental impact from Hungary receiving EUR 5,000.
For the first time in the competition’s history, an additional Clean Air Challenge Award was granted at this year’s edition, open to companies demonstrating innovation and leadership in clean air initiatives. This distinction was awarded to Roofit.solar from Estonia for introducing a new type of solar panel, which combines the everyday roofing material with photovoltaic modules.