With the partnership of Sabancı University Inovent A.Ş. in Turkey, PowerUp! by InnoEnergy Challenge aims to elevate the best start-ups, scale-ups, and SMEs in Central Eastern Europe to the next level.
Deadline is nearing for submitting applications to the EIT InnoEnergy PowerUp! Challenge. The initiative serves as the gateway for innovative enterprises at all stages of development to tap into InnoEnergy’s unique offering of services. As a co-creator, smart investor, and industry catalyst, InnoEnergy helps entrepreneurs and ventures to realize their unique ideas with go to market support, to scale up, or expanding the companies’ footprint globally.
Applicants need to finalize and submit their applications by the 5th of March 2020 online at https://powerup.innoenergy.com to join InnoEnergy’s unique ecosystem. If selected, InnoEnergy’s professional team helps companies (start-ups, scale-ups and SMEs) to monetize their ideas and expand to international markets. The main thematic areas are energy, mobility, cleantech, smart cities, but the challenge is open for all ideas outside the box. Chosen companies have the opportunity to get substantial funding up to multi-million euro investments.
In the last five years of the programme, InnoEnergy supported around 200 ventures, 121 of which are already selling their solutions, and have helped them raise €117m in external funding. Those start-ups have 42 patents filed, and their average time to market is just 16 months.
Applicants that are in the start-up phase will automatically enter the competition for the Start-up of the Year title. Winners of the Country Finals will compete during the Grand Final at impact’20 – the biggest economic event in Central-Eastern Europe. The best start-ups will receive financial prizes (1st €50 000, 2nd €10 000, 3rd €5 000) and all finalists will get a chance to present their ideas to the biggest industry representatives and VCs.
To apply for the PowerUp! Challenge you need to submit your application by 5 March 2020 via the InnoEnergy website: https://powerup.innoenergy.com