Last call for EIT InnoEnergy’s 2019 investment round

Source: press release, 10 September 2019

EIT InnoEnergy is the innovation engine for sustainable energy across Europe
EIT InnoEnergy is the innovation engine for sustainable energy across Europe (photo: EIT InnoEnergy)

EIT InnoEnergy, Europe’s sustainable energy innovation engine, supported by the European Institute of Innovation and Technology, is calling for final applications to this year’s investment round.

The investment round is open to products, innovations and technologies helping to deliver a sustainable future across mobility, renewables, storage, smart grids, energy efficiency, circular economy and smart cities. On top of funding, awardees will be given access to the InnoEnergy ecosystem of over 430 industry partners, cleantech venture capitalists and research institutes. The deadline for applications for the 2019 funding round is 2 October.

To assist innovators with the funding application, InnoEnergy is also offering up to EUR 25,000 towards a feasibility study for the top five innovations in renewable energy. Of specific interest are innovations in the areas of on- and off-shore wind energy, photovoltaics, ocean energy, hydro power, solar thermal and any other power generation concepts.

Diego Pavia, CEO of InnoEnergy, says, “Innovation is bubbling across Europe and I’m confident this year’s call will see yet more new and exciting products that can accelerate our journey to a low carbon future.”

“We take pride in our ability to cut the time from lab to launch. We believe the key to this success is to be a true partner to our start-ups, going beyond a cash injection and providing access to our comprehensive network across the energy value chain,” adds Pavia.

Launched in 2011, the investment round has provided support and funding to over 120 products to accelerate their journey from lab to launch. In total EIT InnoEnergy has invested over EUR 222 million resulting in 98 patents filed and a forecasted EUR 4 billion in sales.

Businesses interested in joining this year’s investment round can apply here.