KIC InnoEnergy: 65 Innovation Projects Get EUR 80 Mln
KIC InnoEnergy has announced the 2014 results of its sustainable energy innovation project support programme, which recorded 28 newly enrolled high potential project consortia in just one year, adding up to 65 new projects since 2013, for which KIC InnoEnergy mobilized 80 million euros of investment.
The success of this investment programme, which aims to boost sustainable energy innovation in Europe, is largely based on KIC InnoEnergy’s game-changing approach to the innovation challenges faced by Europe’s research and business communities. The programme offers a business environment unique in its ability to effectively remove the usual barriers to innovation, such as smart and safe partnering, strong IP protection, and market entry support.
Diego Pavia, KIC InnoEnergy’s CEO, commented: “These results show that the right partnerships, competencies and results can emerge, and European innovation can thrive. We expect 2015 to be even more successful. The new call for innovation project proposals that we recently launched has already generated a tremendous amount of interest, and we believe that it will continue to do so until the call ends in April.”
In total, more than 50 innovation projects are currently within KIC InnoEnergy’s Innovation Cycle.
“We invest in projects that have a genuine potential to meet the world’s pressing energy and environmental challenges, and provide them with the platform, partners, tools and financial backing needed to actually realise this potential. This will translate in new patented technology, products and services, but also ultimately means more competitiveness and jobs for Europe. We are proud to be making such tangible contributions toward a greener future for all,” concluded Pavia.