InnoEnergy Investment Round Now Open Year-Round

InnoEnergy is making its Investment Round for supporting and launching clean energy innovations open year-round.

The move is expected to offer flexibility to businesses to shorten the journey from lab to launch.

The Investment Round is open now for applications and businesses can find out more about how to apply here. The cut-off for funding inside 2017 is 23 October.

So far this year, InnoEnergy has invested EUR 23.5 million in projects spanning eight technology areas across Europe. This takes its total financial commitment since launching its Investment Round in 2011 to EUR 170.5 million – resulting in EUR 3 billion of forecasted sales.

This year’s funding has been spread across 144 project partners – more than 40 per cent of InnoEnergy’s 323 total partnerships to date. Of these, 252 are in industry, 130 are SMEs and 142 are academics. Furthermore, InnoEnergy has supported 12 new projects and services, bringing its overall tally to 90.

“It’s our mission to provide sustainable energy innovators with the flexible and adaptable funding they need to succeed and grow – and, ultimately, bring forth the future of clean energy. The continued success of our Investment Rounds shows that we’re on the right track,” Diego Pavia, CEO of InnoEnergy, said.

“Our support goes far beyond funding. As the only organisation to offer a comprehensive set of support services – from marketing to business strategy and beyond – alongside mentorship from our network of more than 300 partners and an open innovation ecosystem, InnoEnergy is proud to act as the commercial co-pilot to European cleantech’s pacesetters.”

The Investment Round is open to proven European technology concepts that will help to change the future of the energy industry. By offering funding and connecting successful applicants with InnoEnergy’s network of industry experts, the initiative helps address challenges faced when commercialising technology to accelerate innovation.