InnoEnergy will provide funding and support for solutions that help to address energy challenges in the circular economy and mobility.
Sustainable energy champion EIT InnoEnergy is inviting innovators with novel solutions for the “next biggest energy priorities” of mobility and the circular economy to apply for investment round funding.
InnoEnergy is offering SMEs funding and commercial expertise to help speed the time it takes to progress these innovations from “lab to launch”.
To address the challenges, InnoEnergy has introduced two new thematic fields: energy for circular economy; and energy for transport and mobility.
The fields bring together entrepreneurs, innovators, industry and universities to develop the next big innovations across key themes including: smart cities and grids; storage; energy efficiency; and renewable technologies.
According to InnoEnergy, with transport accounting for around 25 per cent of Europe’s carbon emissions, decarbonising the way people and goods are moved is a critical success factor.
Further, significant progress can be made by taking a more holistic approach to the full lifecycle of energy including examining interlinks between the resources used, its transportation, conversion, storage and distribution, and how sites are decommissioned.
"With transport accounting for around 25 per cent of Europe’s carbon emissions, decarbonising the way people and goods are moved is a critical success factor"
“Our investment round initiative supports start-ups that can address some of the most pressing challenges facing our energy system today such as mobility and sustainable lifecycles. Since launching the round in 2011, InnoEnergy has invested €222m in 120 projects – resulting in €4bn of forecasted sales,” said Diego Pavia, CEO of InnoEnergy.
“Building on successes such as NorthVolt, Eeolos and Bio-Eco-Matic, we’re now looking to hear from the next wave of innovative energy start-ups who we can support to market with a mix of funding, and technical and commercial resources.”
As well as funding, InnoEnergy will provide access to a “deep pool” of skills and resources and connects companies of all sizes to markets and commercial opportunities across Europe through a network of more than 430 industry partners.
To learn more about the investment round and apply visit:
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