Funds for small and medium-sized enterprises from Serbia between EUR 100,00 and EUR 5million - Applications for EIT InnoEnergy funding by October 4

Small and medium-sized cleantech enterprises have athe opportunitu to applz for financial funds for the development of their projects by October 4 that will range between EUR 100,00 and EUR 5 million. EIT InnoEnergy, a n innovation engine for sustainable energy backed by the European Institute of Innovation and Technology, has started a new investment cycle. The company carried out its first investments round in2011 and has so far funded projects from 8 different areas across Europe which resulted in EUR 3 billion from the projected sales, the company reminded in an official release.

The funds are directed towards small and medium-sized enterprises with proven technological concept that will transform the future of energy in Europe. On top of funding, InnoEnergy offers applicants a trusted and proven, collaborative innovation platform and access to an energy innovation ecosystem of more than 385 industry partners from across the mix of sustainable energy solutions.

– Commercialization is our priority when it comes to SMEs that carry out innovative projects, Besides, it is very important to shorten the time needed for a product to reach the market, to make it internationally available as well a the time needed for business to grow and making possible for companies to access risk-free secure funding, InnoEnergy Innovation Officer for Central Europe, Marcin Lewestein stated.

All businesses that apply by October 4 must already have developed technology, that is, they must have a developed product prototype because it is a large-scale investments.

Many successful cleantech projects from all around Europe have been financed in this way. the French Hiphone has developed a a high pressure hydrogen tank for the automotive market which should help bring electric vehicles with hydrogen drive to the market. Fresh-r saves energy with smart indoor air care that maintains air quality and optimal air temperature without wasting energy. On the other hand, there are projects such as Scandinavian securiCAD, a digital tool to help control the security of energy companies and prevent cyber attacks on the digitised infrastructure.

More information on the application process on this link.