Start-ups developing battery storage are invited to pitch for a €100,000 cash prize and support to commercialise their technology by European innovation hub InnoEnergy.
The organisation works with the European Battery Alliance and aims to attract and support start-ups with innovative battery storage technology or business model concepts. It helps those businesses reach commercial viability through support, training, services and funding.
To date, InnoEnergy says it has supported 200 start-ups, helping them raise €117m in external funding through a network of specialist business angels, venture capitalists and public funding bodies. As a result, 121 are already selling their solutions. InnoEnergy says the average time to market for businesses it has helped is 16 months and 97% are still in business after three years.
The call for start-ups is open until 30 October. One winner will be awarded a prize of €100,000 in February 2019.