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"When you work with InnoEnergy, there’s a lot of consultation – a lot of collaboration."
Paul works for an SME, and wants to bring an innovative product or service to market. It has already been proven in the lab to have a TRL level of 5 or more.
Paul wants to apply for funding and support through InnoEnergy's Investment Round. But first he needs some advice. He gives InnoEnergy a call to discuss his innovation and options.
A project consortium consisting of the innovator, the commercialising partner and the first customer is created to help with technology development and first sales.
The consortium submits a project proposal that fits within one InnoEnergy's thematic roadmaps.
InnoEnergy accepts the proposal and agrees to invest. InnoEnergy and the consortium sign a project agreement including details about the project scope.
Paul takes on the role of project manager. From now on, he will be the leader of the project and the main contact between InnoEnergy and the project consortium.
The consortium produces a detailed feasibility study, funded by InnoEnergy, which includes a return on investment proposal.
InnoEnergy accepts the feasibility study and the return on investment, signing the ROI preliminary agreement together with the consortium.
During the project’s duration, Paul attends quarterly assessment meetings to report on the project’s evolution and correct deviations.
At the end of the project, InnoEnergy and the consortium sign a final ROI agreement.
A product or service is launched to the market through a commercialisation party. InnoEnergy receives the agreed percentage on sales.
The profits are reinvested in new projects. By doing so, InnoEnergy boosts the development of innovation in sustainable energy.