PolarSol will receive €10,000 plus access to the prestigious KIC InnoEnergy Highway® acceleration programme.
KIC InnoEnergy, the innovation engine for Europe’s energy industry, today announced that PolarSol has won the annual KICkoff competition.
KICkoff, the biggest competition for energy start-ups in Central and Eastern Europe (CEE), is aimed at promoting sustainable energy entrepreneurship amongst innovative people. The winners represent the best projects to accelerate the European sustainable energy market.
Solution presented by Estonian Dabrel Prits, who represented PolarSol, reduces the cost of heating buildings thanks to the use of solar energy, heat pumps and a patented heat exchanger. The system can be expanded to suit your needs, and works even in cold, northern climates.
The award ceremony followed a two day boot camp where 14 teams developed their projects and pitched in front of energy market experts and investors. Over 100 start-ups entered the competition across 12 CEE countries.
Jakub Miler, CEO of KIC InnoEnergy Poland Plus said: “PolarSol beat off strong competition from across CEE, and is a worthy winner. This competition gives a platform for ideas, which may otherwise have gone undiscovered – and is vital to help the region develop sustainable innovations. This technology along with the other viable ideas will not only help Europe environmentally but when brought to commercialisation, through the help of KIC InnoEnergy, can make a global impact.”
PolarSol will receive €10,000 in cash and be invited to take part in the KIC InnoEnergy Highway®, a programme that transforms business ideas into commercial reality. They will join more than 90 other start-ups, being provided access to KIC InnoEnergy’s network of more than 150 key players in the energy field. The exclusive network is made up of industry partners, universities and research centres.
The two runners-up, Greek start-up PleioneEnergy, for the design of energy storage system, and GreenerGizer, a project of Hungarian innovators, which enables to reduce the energy consumption of refrigeration equipment, receive 5 000 € and 3 000 € respectively.
The competition also offered the regions brightest minds a unique networking opportunity to trade ideas, meet potential investors and engage with the newest innovations and business ideas in the sustainable energy sector.