Green innovation engine calls for last applications

An engine for sustainable innovation across Europe is taking last applications for its 2017 investment round. InnoEnergy is searching for proven technology concepts with the potential to revolutionise the future […]

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By Jonny Bairstow

An engine for sustainable innovation across Europe is taking last applications for its 2017 investment round.

InnoEnergy is searching for proven technology concepts with the potential to revolutionise the future of energy on the continent.

In addition to funding, the investment round aims to speed up commercialisation by connecting successful applicants to InnoEnergy’s network of more than 250 industry partners representing leading businesses, research institutes and universities.

The typical investment is between €200,000 (£173,521) and €5 million (£4.34m) per project and can fund up to 100% of the costs involved in bringing a product or service to market.

Diego Pavia, CEO at InnoEnergy, says: “At InnoEnergy, we’re hunting for groundbreaking technologies with a strong business case that need investment and backing to make them a reality.

“By leveraging our European footprint, successful applicants will have access to a thriving supply side, connecting projects with start-ups, industry and researchers to provide complementary skills and resources; and a thriving demand side, connecting commercially viable products with markets and customers, to provide early adopters and industrialisation support.”

The investment round is open until the 7th of April 2017.

The UK Government recently appointed Sir Mark Walport to head UK Research and Innovation (UKRI).