Netherlands- based sustainable energy engine launches ‘all-year round’ support fund
InnoEnergy, Europe’s sustainable energy innovation engine, is making its “Investment Round”, for supporting and launching revolutionary clean energy innovations, open year-round to offer flexibility to businesses to shorten the journey from lab to launch.
During 2017, the Investment Round has already supported seven new projects in the fields of renewables, smart and efficient buildings and energy efficiency – linked to €13.5 million in funding.
Since the launch of its Investment Round in 2011, InnoEnergy has supported more than 90 projects with €170.5 million funding, resulting in €3 billion of forecasted sales.
This has contributed to 77 patents and 323 project partners working on projects spanning eight technology areas across Europe.
The Investment Round is open to proven European technology concepts that will help to change the future of the energy industry. By offering funding and connecting successful applicants with InnoEnergy’s network of industry experts, the initiative helps address challenges faced when commercialising technology to accelerate innovation.
Diego Pavia, CEO of InnoEnergy, said: “To create a sustainable energy future for Europe we need to propel proven innovations to market in a quicker timeframe. Moving to an all-year model will empower innovators to access the Investment Round’s unique mix of technical and market expertise, financial support and commercialising partners when the time is right for their business.
“Working with innovators – SMEs, corporations and research bodies – we act as a commercial co-pilot. Our mission is to move as quickly as possible from application to first finance to fast-track successful innovations. The future of clean energy relies on more flexible and adaptable funding. That’s what the Investment Round now delivers.”
The Investment Round is open now for applications and businesses can find out more about how to apply via this link. The cut-off for funding inside 2017 is October 23.