Mal­tese com­pa­nies can still ap­ply to the EIT In­noEn­ergy In­vest­ment Round

4 Oc­to­ber marks Mal­tese clean­tech in­no­va­tors’ last chance to ap­ply for 2018 fund­ing

The Malta Business Weekly - - NEWS -

EIT In­noEn­ergy, Europe’s sus­tain­able en­ergy engine sup­ported by the EIT, to­day an­nounces the cut-off date for applications to its 2018 In­vest­ment Round for sup­port­ing revo­lu­tion­ary, clean­tech and sus­tain­able en­ergy in­no­va­tions. Mal­tese in­no­va­tors look­ing for in­vest­ment be­fore the end of the year must ap­ply by 4 Oc­to­ber to re­ceive their sup­port in time.

The In­vest­ment Round – what is it for and for whom?

The In­vest­ment Round tar­gets SMEs with proven tech­nol­ogy con­cepts that will trans­form the fu­ture of en­ergy in Europe. Since launch­ing the Round in 2011, EIT In­noEn­ergy has in­vested €190 mil­lion in projects span­ning eight tech­nol­ogy ar­eas across Europe – re­sult­ing in €3 bil­lion of fore­casted sales. Com­pa­nies from France, Scan­di­navia and Benelux have al­ready been suc­cess­ful in se­cur­ing funds – and this could be Malta’s year for suc­cess.

On top of fund­ing, EIT In­noEn­ergy of­fers ap­pli­cants a trusted and proven, col­lab­o­ra­tive in­no­va­tion plat­form and ac­cess to an en­ergy in­no­va­tion ecosys­tem of more than 385 in­dus­try part­ners from across the mix of sus­tain­able en­ergy so­lu­tions.

Where are the needs to sup­port SMEs in the en­ergy in­no­va­tion sec­tor?

“In­noEn­ergy con­sid­ers com­mer­cial­iza­tion as a pri­or­ity busi­ness need of small and medium en­ter­prises when car­ry­ing out an in­no­va­tion pro­ject. Be­sides, it is ex­tremely im­por­tant to shorten time to mar­ket, prod­ucts in­ter­na­tion­al­iza­tion, to scale busi­ness ac­tiv­ity up and to get an ac­cess to de-risked, pre­dictable fi­nanc­ing. That is how the cur­rent needs of SMEs in the en­ergy in­no­va­tion sec­tor look like,” says Marcin Lewen­stein, In­no­va­tion Of­fi­cer in In­noEn­ergy Cen­tral Europe.

Prod­uct com­mer­cial­i­sa­tion

EIT In­noEn­ergy task is to iden­tify and en­able ac­cess to part­ners who help them de­fine and pro­vide them with ac­cess to their tar­get group when launch­ing a new so­lu­tion. Us­ing the sup­port, it is pos­si­ble to ac­cel­er­ate a mo­ment of the prod­ucts start.

Scal­ing up and in­dus­tral­i­sa­tion

Start­ing with a large-scale pro­duc­tion is one of the phases that re­quires more in­vest­ment. EIT In­noEn­ergy pro­vides knowl­edge and help avoid com­mon mis­takes that might hin­der the in­dus­tri­al­iza­tion process.

De-risked, pre­dictable fi­nanc­ing

In gen­eral, projects fi­nanced by EIT In­noEn­ergy re­quire a de­vel­op­ment in tech­nol­ogy or pro­to­types, so the eco­nomic in­vest­ment is high. Co­op­er­a­tion with EIT In­noEn­ergy en­ables quick fund­ing ac­ti­va­tion and ef­fi­cient process of in­no­va­tive prod­uct im­ple­men­ta­tion.

Ap­ply Now

Jakub Miler, CEO of EIT In­noEn­ergy Cen­tral Europe says: “It is our mis­sion to ac­cel­er­ate the clean en­ergy tran­si­tion in Europe. So, we are iden­ti­fy­ing, in­vest­ing in and part­ner­ing with the very best and bright­est in­no­va­tors in the sec­tor to help them scale-up, re­duce their time to mar­ket and ul­ti­mately com­mer­cialise their tech­nol­ogy.

“And I mean true part­ner­ship. We go be­yond the mere con­tri­bu­tion of cash to help our part­ners grow. Not only do we pro­vide ac­cess to Europe’s lead­ing net­work of clean­tech and sus­tain­able en­ergy ex­per­tise, but we pro­vide sus­tained sup­port through mar­ket­ing and other value-build­ing ser­vices.”

In­noEn­ergy is a fund in­vest­ing in so­lu­tions in the area of en­ergy, clean­tech, mo­bil­ity and broadly un­der­stood smart tech­nolo­gies. Through knowl­edge, fi­nanc­ing and net­work of con­tacts, we sup­port the com­mer­cial­iza­tion of prod­ucts and their in­tro­duc­tion to in­ter­na­tional mar­kets.

In­noEn­ergy is present in forty coun­tries, where we co­op­er­ate with more than three hun­dred part­ners - the largest in­dus­trial con­cerns, lead­ing re­search and aca­demic cen­ters and in­no­va­tive en­trepreneurs, in­vest­ing about €100 mil­lion an­nu­ally in so­lu­tions that in­crease the com­pet­i­tive­ness of our econ­omy thanks to cleaner, bet­ter and more ef­fi­cient tech­nolo­gies.

Dur­ing seven years of op­er­a­tion, In­noEn­ergy has in­vested in in­no­va­tive projects with a to­tal value of € 2 bil­lion. Thanks to our sup­port, eighty prod­ucts have hit the mar­ket so far.

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