KIC InnoEnergy brings together education, research and industry into public-private partnerships to boost sustainable and related energy technology innovations across Europe.
To fulfill that goal, it supports research institutions, companies and universities with the last stage of the go-to-market process for innovative sustainable energy products and services, helping them to create public-private consortia that have the ability to take high-potential ideas to the market faster and more effectively, and offer s significant financing schemes.
“Right now in Europe there is a significant gap between research and innovation on one side, and the market on the other side," said KIC InnoEnergy CEO Diego Pavia. " Europeans take 18 months to take a product from research to the market; Americans do that in just 3 months. That’s how we lose our competitiveness. KIC InnoEnergy’s mission is to fill that research to market gap to boost sustainable energy innovation in Europe”.
KIC InnoEnergy's public-private support programme, which holds a huge investment portfolio of €400 million per year, will assist organisations with high-potential projects to establish a development and commercialisation consortium, and provide successful applicants with significant financing and business development support.
KIC InnoEnergy has put together a framework which provides protection against the usual barriers to cooperation such as IP protection, relevant expertise from the partners, talent poaching or lack of test processes. To be eligible, consortiums must fulfil a number of conditions. Besides having successfully achieved the proof of concept, they must gather at least 3 European partners from the research and/or industry sectors.
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