InnoEnergy offering investments to SMEs for cleantech, sustainable energy solutions

InnoEnergy, Europe’s sustainable energy engine supported by the European Institute of Innovation and Technology (EIT), has invited Serbian small and medium-sized enterprises (SME) to join peers from the rest of the continent in applying for the 2018 Investment Round for supporting revolutionary, cleantech and sustainable energy innovations.

The cut-off date to apply for the 2018 Investment Round is October 4, InnoEnergy said. The investments range from EUR 100,000 to EUR 5 million.

The Investment Round targets SMEs with proven technology concepts that will transform the future of energy in Europe. Since launching the Round in 2011, InnoEnergy has invested EUR 190 million in projects spanning eight technology areas across Europe – resulting in EUR 3 billion of forecast sales.

On top of funding, 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.

Success stories include EOLOS in Iberia, which developed a low-cost offshore wind assessment tool to help reduce the financial risks associated with the siting of offshore wind installations. Its ‘LiDar’, a reusable floating buoy, can be deployed at any offshore location to gather accurate and reliable wind energy measurements up to 200m above sea level.

“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 commercialize their technology,” said Diego Pavia, CEO of InnoEnergy.

“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,” he added.