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Call key data
EIT InnoEnergy: Open call for sustainable energy solutions - Cut-off 3
Funding Program
European Institute of Innovation and Technology
deadlines
Opening
01.01.2024
Deadline
30.09.2024 23:59
Funding rate
70%
Link to the call
Link to the submission
Call content
short description
EIT InnoEnergy plays a pivotal role in accelerating sustainable energy innovations and wants to help make companies a global success! They are looking for and support the most innovative ideas in sustainable energy from around the globe. The call is open to all start-ups and companies from Horizon Europe countries. Entities not coming from the EU, or the Third countries (not associated to Horizon Europe) can be awarded the financial support, if approved by the EIT.
Call objectives
EIT InnoEnergy is a trusted innovation ecosystem and offers added value services and investment opportunities, ranging from seed to early stage. Partnering with EIT InnoEnergy represents an incredible opportunity for innovative sustainable energy start-ups and companies to grow their business to a global success. They will support the best ones with a tailored programme, to de-risk and boost the business case through a range of services along the dimensions of market, citizen engagement, finance, technology and IP, sales, supply chain, governance, regulation, and human capital.
- Expand your network: Tap into EIT's global network of partners and high-level experts as mentors or as members of your Board of Directors.
- Increase your sales: With the support of EIT's dedicated sales force, they can connect you with potential customers from their network and beyond.
- Professionalize: From the lab to the market, identification of clear target market, definition of solid business case; definition of marketing, sales, and financing strategy.
- Support: Their tailor-made services will support you in different phases.
- Capital investment: EIT InnoEnergy provides capital investment and works with you in the go-to-market and growth phases.
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Expected effects and impacts
EIT InnoEnergy aims to have a positive impact on the planet (environment) and on the people (society) as they continually solve problems that really matter. Therefore, profits (economic) can be re-invested in new innovations, for this reason they will continue to help you to measure your impact:
- Economic impact: Jobs created, revenues, external funds;
- Social impact: Female entrepreneurs, team nationalities, Households with access to energy in developing countries;
- Environmental impact: Equivalent CO2 saved (CO2e), saving energy costs (€), quantity of energy generated from clean energy sources (TWh).
Expected results
Your idea should have applications in any of the following thematic areas:
- Energy for transport and mobility
- Energy storage
- Renewable energy
- Smart and efficient buildings and cities
- Energy efficiency
- Circular economy
- Smart electric grid
Eligibility Criteria
Regions / countries for funding
Moldova (Moldova), Albania (Shqipëria), Armenia (Հայաստան), Bosnia and Herzegovina (Bosna i Hercegovina / Босна и Херцеговина), Faeroes (Føroyar / Færøerne), Georgia (საქართველო), Iceland (Ísland), Israel (ישראל / إِسْرَائِيل), Kosovo (Kosova/Kosovë / Косово), Montenegro (Црна Гора), New Zealand (Aotearoa), North Macedonia (Северна Македонија), Norway (Norge), Serbia (Srbija/Сpбија), Tunisia (تونس /Tūnis), Türkiye, Ukraine (Україна), United Kingdom
eligible entities
Private institution, incl. private company (private for profit), Small and medium-sized enterprise (SME)
Mandatory partnership
No
Project Partnership
- Have a business idea, proven prototype, proof of concept or product/service already in the market in one of the seven thematic areas mentioned below and cover a market need.
- Have devoted full time team to the project.
- Average time to market – and first revenues – of two years
- Are looking for added value services and financing, including equity partners
- Are easy to work with and willing to commit to stable, long-term relationship with EIT InnoEnergy
- The company does not need to be legally established at the time of apply
Additional information
Topics
Relevance for EU Macro-Region
EUSAIR - EU Strategy for the Adriatic and Ionian Region, EUSALP - EU Strategy for the Alpine Space, EUSBSR - EU Strategy for the Baltic Sea Region, EUSDR - EU Strategy for the Danube Region
UN Sustainable Development Goals (UN-SDGs)
Additional Information
All applications will follow the next steps:
- EIT will receive applications from the open call website.
- The investment team will evaluate all the cases, and they will send the selected projects to investment committee
- The investment committee will evaluate the projects in a quarterly basis
- In case of positive resolution, together EIT InnoEnergy and the Entrepreneurial team will work on the engagement/deal structuring and the roadmap to growth (from scratch to exit strategy)
- EIT InnoEnergy will communicate by email to all applicants (successful and unsuccessful) 30 days after the quarterly cut-off dates.
Cut-off dates:
- 1 January 2024 – Call opening
- 31 March 2024 – Cut-off 1
- 30 June 2024 – Cut-off 2
- 30 September 2024 – Cut-off 3
- 31 December 2024 – Cut-off 4
- 31 December 2024 – Call closing
Call documents
EIT 2024 InnoEnergy Call documentEIT 2024 InnoEnergy Call document(657kB)
Contact
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