EIT InnoEnergy: Investment Round funding now available year-round
InnoEnergy, Europe’s sustainable energy innovation engine, is making its Investment Round, for supporting and launching revolutionary clean energy innovations, open year-round to offer flexibility to businesses to shorten the journey from lab to launch. During 2017, the Investment Round has already supported seven new projects in the fields of renewables, smart and efficient buildings and energy efficiency – linked to €13.5 million in funding. Since the launch of its Investment Round in 2011, InnoEnergy has supported more than 90 projects with €170.5 million funding, resulting in €3 billion of forecasted sales. This has contributed to 77 patents and 323 project partners working on projects spanning eight technology areas across Europe.
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.
To receive funding in 2017, your application needs to be submitted before 23 October 2017. Click HERE for more.
Funding Application Criteria:
- Your aim should be to develop an innovative product or service which could be ready to go to market within less than five years.
- You have successfully carried out a proof of concept (pilot or type test validation), corresponding to a Technology Readiness Level greater or equal to five (TRL >= 5)
- You must be part of a consortium of at least three, but no more than seven, European partners from both the research and industry sectors (InnoEnergy can provide a ‘matchmaking service’ to help you find suitable consortia members if required – find out more here.)
- 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.