InnoEnergy calls for next big innovation in sustainable energy as deadline for Investment Round nears

alpha ventusInnoEnergy is calling for energy innovators to apply to its 2017 Investment Round before the approaching 7 April deadline.

InnoEnergy is searching for the next big innovation in sustainable energy – proven technology concepts that have the potential to revolutionise Europe’s energy future. In addition to funding, the Investment Round aims to shorten the commercialisation journey for European businesses by connecting successful applicants to InnoEnergy’s network of industry partners – more than 250 of them – representing the best of industry, research institutes and universities.

Diego Pavia, CEO at InnoEnergy, says: “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.”

Since 2011, InnoEnergy has invested €157 million in 83 innovation projects, connected to €3bn in forecasted sales. In particular, InnoEnergy has facilitated the commercialisation and adoption of new technologies including WindFloat, a floating foundation for offshore turbines and the Energy Supply Cooperative model for carbon dioxide-free dwellings for low-income households.

The Investment Round is open until 7 April 2017. Businesses can find out more about the simple application process and apply via this link.