The war on coronavirus and EIT’s Crisis Response Initiative

Many of our current and prospective students are experiencing uncertainty and fear related to isolation, ability to access supplies, visa problems and remote learning. To help address these concerns, we have:

• Put in place a network of support for our current students so that you have someone in your region which you can call
• Developed a Q&A form, which will answer many of your questions
• Secured an online autumn 2020 semester for all our programmes in case students are unable to travel to their study destinations on time (learn more)
• Installed state-of-the-art hybrid learning technologies at some of our partner universities for EIT InnoEnergy students to experience the classroom setting remotely (learn more)
• Consistently worked with our partner universities to reduce the travel required by students to complete a part of their programme. In cases where it is absolutely necessary, students who travel are provided with COVID-19 tests and measures are set in place to ensure a learning experience that meets the regulations set by local authorities

If you have or are considering to apply for the 2021 intake, and have concerns about this, also look at the Q&A or please contact:

Miriam Mcreddie: innoenergy@studyenquiry.com 

phone: +443331500488 WhatsApp: +447780781892

As a small and medium sized enterprise you will have many concerns about what the current situation means for your business. For that reason the InnoEnergy team is:

• Contacting all our portfolio of companies to assess the immediate impact of this crisis on your revenues, ability to deliver previous commitments and your capital resilience
• Supporting our portfolio of companies to challenge the current business models and prepare a) a short term plan that gives answers to immediate needs, including reduction of burn rate and b) to get access to capital in the short-medium term
• Helping you access support measures in different countries including labour, liquidity and subsidies

If you have concerns about any of these topics, please phone or mail your personal Asset Owner Supporter.

If you have any other general enquiries you can also contact EIT InnoEnergy at info@innoenergy.com

InnoEnergy is committed to working closely with partners to navigate through this time of uncertainty. Some of the topics we are working closely with you on include:

• Supporting universities to set up remote learning, also taking into consideration exams and degrees and providing the necessary licenses to our students (Learn more: Webinar "Future-proof online assessments and exams")
• Working with all partners to understand the predictability of InnoEnergy prefinancing and 2019 costs settlements, as well as underspending of current baseline

We are proactively reaching out to you, but in the instance that you wish to get in contact with us, please reach out to your InnoEnergy contact or email info@innoenergy.com

EIT InnoEnergy is working with investors and our VC community to:

• Assess the different investment scenarios
• Share good practices that strengthen the position of our existing portfolios and allow new investments to take place

If you have concerns about any of these topics, please phone our Portfolio Management team or mail pm@innoenergy.com

Working closely with the European Union and the EIT, we are looking to identify:

• The next monetary stimulus packages
• How we can fast track funding from the EIT
• A two year crisis plan to address the current circumstances and enable Europe to fast track funding and support

If you wish to discuss such matters, please contact:

Guillaume Gillet, Director European Affairs Business Unit: guillaume.gillet@innoenergy.com

As an integral stakeholder in our organisation, we will be reaching out to our Shareholders to discuss the impact of this crisis. However, we can say for certain:

• Due to our strong growth, we have had confirmation that the value of our assets will not be revisited during the current situation
• The landing of our company in 2019 demonstrates our strength and stands us in good steed for the future

For all shareholder matters, please contact Diego Pavia, CEO, EIT InnoEnergy.

The European Institute of Innovation and Technology -  Europe’s largest innovation ecosystem set up to drive innovation across Europe - have put in place a number of activities and solutions. For example:

• It has mobilised a crisis mechanism to quickly respond to the significant challenges affecting the EIT Community
• Prepared the early release of EUR 100 million for ailing innovators as a crisis response measure

For more information, visit the EIT website here.

The European Commission has been at the forefront of supporting research and innovation and coordinating European and global research efforts. These actions address:

• Epidemiology
• Preparedness and response to outbreaks
• The development of diagnostics, treatments and vaccines
• Infrastructures and resources that enable this research

For more information on the European Commission's reponse, visit the website here.