THE CHALLENGE
The EnergyXL and InnoEnergy program is looking for startups and scaleups targeting a critical challenge in one or more of the following domains.
Energy Technologies
Smart Housing
Smart Building
Smart Mobility
E-Mobility
WHAT'S IN IT FOR YOU - HIGHWAY TRACK (STARTUPS)
€25k cash prize for the winner.
Access to R&D infrastructure.
Enhancements, development, and pilots.
Pre-seed and seed funding, opportunities, VCs, business angels, and public funding.
Support for intellectual property protection.
Analysis of your product’s potential, competitors, and patent chances.
WHAT'S IN IT FOR YOU - BOOSTWAY TRACK (SCALEUPS)
Due diligence of product, patent and other intellectual property evaluation and protection.
Access to European VCs and business angels, loans, and InnoEnergy funds.
Support for internationalisation, business development, and market expansion.
Access to expertise and R&D infrastructure.
Access to grants from the EIT for technology and team development.
Support from InnoEnergy sales team.
ADDITIONAL CRITERIA - HIGHWAY TRACK (STARTUPS)
You should:
Have maximum time to market and first revenues of 2 years.
Be willing to commit to a long-term relationship with InnoEnergy.
Have a scalable solution accelerating the transition to clean and sustainable energy.
Have a company registered in Europe or Israel
Equity is taken when entering the program (based on due diligence, differs per startup, approx. ranging from 5% to 30%)
ADDITIONAL CRITERIA - BOOSTWAY TRACK (SCALEUPS)
You should:
Have been operating for at least 1.5 years since first sales.
Have annual revenues above €100,000 and a multi-customer portfolio.
Full-time, devoted, consolidated team.
Have a company registered in Europe or Israel
Equity is taken when entering the program (based on due diligence, differs per startup, approx. ranging from 5% to 30%)
TIMELINE
APPLICATION DEADLINE
The deadline for applications is June 3rd.
SHORTLIST ANNOUNCED
On the 10nd of June, the shortlist of 50 selected startups will be announced.
INVESTOR DECK DEADLINE
Deadline for shortlisted 50 startups to send investor deck.
FINALISTS ANNOUNCED
The list of finalists to be reviewed by the investment committee is announced.
INVESTMENT COMMITTEE
The investment committee will announce program participants.