Boosting the expansion of SMEs in sustainable energy
EIT InnoEnergy, the European innovation engine for sustainable energy supported by the European Institute of Innovation and Technology, today launches its inaugural Call for Scale-Ups to discover and support growth stage innovators across Iberia. Successful applicants will secure access to InnoEnergy’s Boostway® programme, a highly tailored package of support to supercharge their industrialisation and internationalisation.
Launched to accelerate the energy transition, reduce carbon emissions and maintain security of supply across the Iberian Peninsula, the call aims to find the most innovative sustainable energy businesses with successful innovations already in the market who can be taken to the next level via the Boostway.
The Boostway® programme goes beyond investment offering participants access to InnoEnergy’s trusted innovation ecosystem of more than 430 industry partners, cleantech venture capitalists and research institutes. Boostway services includes team assessments, commercialisation support, business development and industrialisation planning.
“In Iberia, the companies we support have already impacted the energy transition, though mostly at the local level. Now it’s time to amplify their work to the wider markets.
“Our Boostway programme addresses some of the key challenges that growing businesses face, such as how to scale-up operations and make supply chains more efficient – going from one unit to 10,000 is tough.” says Josep Miquel Torregrosa, Business Creation Officer, Iberia at InnoEnergy.
InnoEnergy has 56 scale-ups in its portfolio across Europe, with 70% having entered new markets within the first year on the programme. In Portugal, Pro-Drone, a start-up which is revolutionising wind turbine inspections through aerial navigation technology, is a Boostway® alumni and is now expanding into new markets in France and Belgium. Ingelia, a Spanish start-up, which successfully graduated from the Boostway to commercialise its disruptive HTC technology, turns biowaste into biomaterials, helping to develop a circular economy in Spain.