EIT InnoEnergy launches Investment Round for Innovation Projects

EIT InnoEnergy has launched its 2017 Investment Round to discover, support and launch the next revolutionary technologies in energy innovation.By connecting successful applicants with InnoEnergy’s pan-European network of industry experts, businesses and researchers, the round will help European businesses – start-ups, SMEs or larger, address the challenges faced when commercialising technology – shortening the journey from lab to launch.

Since 2011, the Investment Round has successfully supported projects to raise €1.2 billion (bn), with EIT InnoEnergy investing €147 million and the remainder being funded by partner companies and investors. This has resulted in the creation of 250 project partners across Europe, with 78 products now commercially viable and linked to €3bn in forecasted sales.

This year’s Investment Round has a simplified, streamlined application. The three-page questionnaire will make the round more accessible to an increased number of applicants and enable EIT InnoEnergy to screen technologies based on specific criteria.

Criteria

• Applicant’s aim should be to develop an innovative product or service which could be ready to go to market within less than five years.
• Applicant must be part of a consortium of at least three, but no more than seven, European partners from both the research and industry sectors.
• The consortium needs to be made up of partners from at least two different countries and at least one of the companies commercialising the product or service must be involved in the project from the beginning.

Benifits

• shorten the journey from lab to launch
• connecting successful applicant with business partners
• market analysis and business models
• sales knowledge and first customers

Official Link: https://eit.europa.eu/newsroom/eit-innoenergy-launches-sixth-investment-round-innovation-projects

Deadline: 7th April, 2017