|28 March 2017|

Europe

Pioneers developing tech with the potential to transform the European energy landscape are being called on to apply for support from the continent’s premier innovation engine for sustainable energy.

Since 2011, InnoEnergy has invested €157 million in 83 projects forecasted to generate €3bn in sales. The 7 April deadline for its 2017 Investment Round is fast approaching and businesses with proven technology concepts that have the potential to revolutionise Europe’s energy future are being encouraged to apply now.

As well as funding support, InnoEnergy connects successful applicants to its network of more than 250 partners – from industry, research institutes and universities – to help accelerate the commercialisation process.

Diego Pavia, CEO at InnoEnergy, said: “A sustainable energy sector needs new products, new solutions and new services. Taking a clean energy idea from a light bulb moment to a powering-the-light bulb moment is an exciting process, but transforming a concept into a successful, commercial product can be a long and complex journey. Too often, promising ideas falter because they’ve got funding, but no broader support.

“At InnoEnergy, we’re hunting for ground-breaking technologies with a strong business case that need investment and backing to make them a reality. By leveraging our European footprint, successful applicants will have access to a thriving supply side, connecting projects with start-ups, industry and researchers to provide complementary skills and resources; and a thriving demand side, connecting commercially viable products with markets and customers, to provide early adopters and industrialisation support.”