EIT InnoEnergy home page News & events The war on coronavirus and EIT’s Crisis Response Initiative

News & Events

15 May 2020

The war on coronavirus and EIT’s Crisis Response Initiative

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 (24).

 

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:

 

  • Rescue measures for 108 of our 300+ ventures, the ones needing immediate and short term support. Those measures are already under deployment. All of them are working in sustainable energy innovation, and key contributors to the Green Deal which is at the core of the European recovery plans.
  • Support measures for students to cope, for example, with lock-downs across different countries; and to universities to implement upgraded digital learning capabilities so that the new intake of students in September 2020 can attend the first semester online should travel restrictions still be in place beyond the summer.

 

See below for more information on the actions we have undertaken to support our stakeholders:

Students

Rohan Adithya Vasudevan, current Master School student

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.

Companies

Jon Asin Co-founder & CEO at BeePlanet

Having InnoEnergy on board right now is a good reason for hope!

Partners

Gaelle Mettey, CEO, Zephyre

EIT InnoEnergy's support has been extremely valuable to me and my company through this COVID-19 crisis.

Investors

Ludovic Briand, CEO of Athena Recherche

Organising regular discussions and workshops during the lockdown was a great idea. Indeed, during that period we needed support, information and shared experiences.

European Union

Shareholders

EIT Community Response

EU Research and Innovation Response

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