INTIEAEuropean Union · EIT InnoEnergy HighwayPolicyIn force

EIT InnoEnergy Highway

In 2009, the European Institute of Innovation and Technology (EIT) launched the Knowledge and Innovation Community (KIC) InnoEnergy. Grant targets early-stage start-ups with a proven concept and high potential to scale up, make a positive impact on the pace of energy transitions…

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Country / jurisdiction: European Union · Year: 2009 · Status: In force · Level: National · Type: Voluntary

In 2009, the European Institute of Innovation and Technology (EIT) launched the Knowledge and Innovation Community (KIC) InnoEnergy. Grant targets early-stage start-ups with a proven concept and high potential to scale up, make a positive impact on the pace of energy transitions globally, and bring value to European economies. Start-ups may apply to Highway at any time, and EIT InnoEnergy also scouts for relevant start-ups, including through referrals from contacts in its network.  Recipients of Highway support receive dilutive equity investment in exchange for acceleration support. There is a detailed "roadmap" that includes milestones and objectives. Recipients of Highway support are provided with a tailored set of services that reflect EIT InnoEnergy’s investment case for each start-up and respond to the start-up’s needs. The types of services include: access to finance, market, talent, etc.Between 2010 and December 2020, EIT InnoEnergy supported over 480 start-ups, and invested in over 250.

Official source: https://bc.innoenergy.com/for-start-ups

Source

https://www.iea.org/policies/15240

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