InnoEnergy starts cooperation with the Ministry of Economy in Slovakia

The largest European network for supporting innovation in energy sector, mobility, cleantech and solutions for smart cities expands its activities in Slovakia. EIT InnoEnergy agreed with the Ministry of Economy of the Slovak Republic on cooperation in knowledge transfer in the field of energy sector innovations development.  The Minister of Economics Peter Žiga, and CEO of InnoEnergy Central Europe Jakub Miler, signed on this behalf a mutual Memorandum of Understanding.

InnoEnergy is active in Slovakia since 2017, when it began to search and support innovative solutions through the largest European startup competition for innovative companies from the above-mentioned fields – PowerUp!. According to Jakub Miler, the Memorandum is a natural development of InnoEnergy activities here, as Slovakia is a country with traditional and significant know-how in energy sector. „Tightening ties with the Ministry opens up new areas for mutual cooperation. Thanks to the Ministry’s and SIEA’s support we are hoping to host most promising start-ups from Slovakia during the PowerUp! Country Final in Bratislava. In much longer perspective, this could be a beginning of introducing InnoEnergy’s portfolio solutions on the field that could contribute to reaching country’s ambitious energy goals,“ added J. Miler on the occasion of signing the Memorandum of Understanding.

InnoEnergy can, especially in these fields, bring experience and experts to Slovakia from more than 40 countries, where it cooperates with more than 300 partners from the industrial sector, as well as research and academic institutions. „We believe that this cooperation can help Slovak companies to find partners for research projects, as well as to access foreign markets with their innovative solutions,“ stated Peter Žiga, the Minister of Economy, during the signing of the Memorandum.

Specific projects and detailed forms of cooperation should be agreed in the near future. Last year, for example, InnoEnergy supported with a 4 million investment a successful Slovak company GA Drilling, active in innovative drilling technologies. „Supporting such, but also smaller startups, remains our priority. Cooperation with the Ministry should of course help to utilize traditional Slovak know-how in energy sector in solutions and startups, that will be in the emerging generation of new technologies among the European, and perhaps even the world’s best,“ adds Peter Kolesár, CEO of neulogy, which is the local hub coordinating InnoEnergy activities in Slovakia.