EIT InnoEnergy welcomes the EIT’s Crisis Response Initiative worth €60 million directly contributing to the European Union’s response to the COVID-19 pandemic. It will directly support Europe’s innovation eco-system and will be split between all the EIT’s Knowledge and Innovation Communities.
EIT InnoEnergy has been working in close collaboration with the EIT on the Covid-19 response plan since early March. Focused first on our most vulnerable constituencies, EIT InnoEnergy has reached out to students (400+), start-ups (300+), and then in our partners (400+), investors (50+) and shareholders (27).
As far as our portfolio ventures are concerned, we have undertaken a thorough audit of their business plans post-Corona, which resulted in more than 2,000 calls/meetings with the entrepreneurs, their other shareholders, sometimes with potential off-takers, their lenders, etc. Detailed information on the process and support measures we have urgently deployed can be found here.
Since the beginning of the crisis EIT InnoEnergy is deploying:
See below for more information on the actions we have undertaken to support our stakeholders:
COVID-19 has probably brought the world to a halt and as a student about to graduate, I was worried about its repercussions for my thesis and Visa. But I feel comforted after receiving the support of InnoEnergy staff in these uncertain times.
Having InnoEnergy on board right now is a good reason for hope!
EIT InnoEnergy's support has been extremely valuable to me and my company through this COVID-19 crisis.
Organising regular discussions and workshops during the lockdown was a great idea. Indeed, during that period we needed support, information and shared experiences.