Application and eligibility
You do not need to pay anything to apply and present a project.
Around one out of every eight proposals are selected. If they are good enough they will all be invested in, but it is important to note that of those that are selected for investment, 30 per cent of them, in agreement with the consortium, will not make itthrough the process. This could be the case if conditions are not met due to external factors, such as a competitive product reaching the market first, or if the proposal does not make good returns on the investment for both the consortium and InnoEnergy.
You do not need to be a partner to apply. If the project is selected, you must then become a partner.
The innovation can be a new technology, a new product, a new service or a new process, and we concern ourselves with the business that could be created around this. It is then important for us to understand the rationale, the market and all the competitors surrounding the innovation. We could accept innovations in technology, manufacturing, processes, services, and industrialisation.
The Technology Readiness Level or TRL we’re looking for is above four. This means that the majority of the functionality of the system or its component has already been proven – at least at the laboratory level. It’s a level where we can then go to the market and take commercialisation steps.
Yes, the project should last between two and three years, with the product on the market within five years – any longer and it probably means the research is not complete. We want to support projects which have the proof of concept finished.
There are no limitations for big companies to apply.
Intellectual Property and patents
During the assessment stage, the entire process is handled under a non-disclosure agreement. The assessment is run by the thematic leaders and by industrial professionals who will individually sign the agreements. Not having an IP is no reason not to apply. There are different IP strategies for different markets, and InnoEnergy can work on this with the business.
This will be managed in the consortium agreement and will be signed before the end of the feasibility study, during which the consortium will present the results within the first four months of the project. The consortium agreement has to be delivered during this presentation. All partners must agree on how the IP transfers will work during and after the project.
We have been investing between 100k euros to 4-5m euros. However, we don’t standardise our investments. We care more about what the project is and then we look at the investment. It depends on how much each investor is willing to put into the project, and it also depends on the technology.
The total budget of the project depends on the initiative itself. There is no limit on the project budget. When it comes to funding, part of the project will be financed by InnoEnergy and the other by the partners.
We will consider funding 20 per cent to 80 per cent of the proposed project budget.
Funding partly comes from InnoEnergy and partly from the partners in the project.What we look at is sharing the risk. There are no set rules or limits on how much funding InnoEnergy can provide.
The answer is simple - yes. If you have invested one million euros in developing a prototype, which is then transferred to the market to commercialise it, then this investment will be taken into account.
The Round targets the development or improvement of innovative products or services. In that sense, the development of new innovative functions to enhance an already existing product or service is eligible.
Cost of personal directly hired and in-house, indirect costs (25 per cent), travel, accommodation, consumables and supplies, sub-contracting and depreciation of equipment.
It’s expected that InnoEnergy receives 100 per cent of its ROI within five years after the product or service’s commercialisation. However, the financial relationship between the parties continues afterwards.
Your company needs to be part of an international consortia made up of between three and seven European organisations coming from the industry and research sectors. There are no limitations as to the organisation’s size. We need consortiums that can develop technology, do the market uptake and sell the product. If you don’t have the partners, then InnoEnergy can try to help bring the necessary partners together.
This is not compulsory, but you need to consider having the whole value chain within your consortium.
This is not obligatory, if, under exceptional circumstances, you have a partner outside Europe we will consider your application. Please contact us about this partner and why you are collaborating with them. We would be interested in considering your proposal.
Not necessarily, but it is encouraged.
Yes, but our preferred option is that the commercialising partner is the managing partner. But take into account the particular profile needed for your project manager.
InnoEnergy has more than 160 European partners. If your proposal is found to be one that InnoEnergy genuinely believes could be helped, we will try to help you to find the right consortium of partners for your business. A consortium can be made up of large or small businesses, but it must include a commercialisation partner.However, the innovation and the readiness of the technology will need to be evaluated by InnoEnergy to see if the services they offer can be of genuine use to the project at the time.
InnoEnergy can provide a trusted network of experts from different markets and regulations.
If you present a project, please read the roadmap to find out which thematic field your project fits in. It is not based on country or location.
There is no quota per thematic field, the best projects are selected. We prioritise the projects on quality and anticipated outcomes.
You can download all questions and answers here.