Engineering innovation...About InnoEnergy 2 Who we are Europe’s engine for innovation in...
Transcript of Engineering innovation...About InnoEnergy 2 Who we are Europe’s engine for innovation in...
Engineering innovation
Sten Persson, Business Creation Manager
www.innoenergy.com 1Agenda
1. About InnoEnergy
2. Our offerings
3. Ventures and examples of InnoEnergy support
4. Co-operation with Aalto University
www.innoenergy.com 2About InnoEnergy
Who we are
Europe’s engine for innovation in sustainable energy
Empowering every stage of the innovation process
Investing in people, technologies, businesses
Established 2010:supported by the EIT
Public-private partnership aiming for financial sustainability
www.innoenergy.com 3About InnoEnergy
Who we are
www.innoenergy.com 4About InnoEnergy
Our goal is Sustainable Energy
• Reduce CO2 emissions
• Reduce costs in the energy value chain
• Ensure security and safety of energy supply
• Improve European competitiveness
• Remove barriers to innovation
• Encourage sustainable growth
• Create jobs
For all activities:
Create Impact
& CommerciallySustainable
www.innoenergy.com 5About InnoEnergy
Making connections:the power of the network
6 co-location centres
26 shareholders
323 additionalpartners
Activities in 17countries
all figures correct as of July 2017
www.innoenergy.com 6About InnoEnergy
The Innovation Engine for Europe170 M€
InnoEnergy investment forecasted sales3 B€
Students
Research
Entrepreneurs
Tomorrow’s leaders
Innovative solutions
New businesses
Education
InnovationProjects
BusinessCreationServices
167Early start-ups
supported
83Companies
created
Products & services supported
90Manufacturing
facilities constructed
3500
Game changers fromInnoEnergy Master’s School
160PhD candidates
supported38M€ external
investment raised
8Professional
MOOCs
www.innoenergy.com 7Our services
For every stage of the innovation journey
InnovationProjects
Business CreationServices
Education
www.innoenergy.com 8Sustainability for Europe
Thematic fields and technology focus
Clean coal andgas technologies
Energy storage Energy efficiency Energy fromchemical fuels
Renewable energies
Smart and efficientbuildings and cities
Smartelectric grid
Nuclearinstrumentation
www.innoenergy.com 9About InnoEnergy
www.innoenergy.com 10Agenda
1. About InnoEnergy
2. Our offerings
3. Ventures and examples of InnoEnergy support
4. Co-operation with Aalto University
www.innoenergy.com 11Business Creation Services
Who we are
An ecosystem on European level for start-ups & early stage ventures within our thematic fields
www.innoenergy.com 12Business Creation Services
What we offer
To connect entrepreneurs and start-ups to markets and customers
Accelerator programme
Boostway
Incubatorprogramme
Highway
Capitalincrease
Trustedpartner & support
Match-making
Access to experts
US-landing
Innovation projects
www.innoenergy.com 13Our services. Innovation Projects
Connecting ideas and industry,innovators and business partners
Simplifying the journey from lab to launch
Expanding the circle of innovation in Europe’s energy sector
Partners, skills and resources
Market needs and potential customers
Shorten time to market
Financing and investment
A commercial product in 5 years
www.innoenergy.com 14Our services. Innovation Projects
Turning prototypes into commercial products
1 2 3 4 5
Prototype Project Finance Support Success
www.innoenergy.comwww.innoenergy.com 15Our services. Innovation Projects
Innovation success 299Project partners
across Europe
77Patents filed
83Products and services
supported
3Manufacturing
facilities constructed
157Million euros of InnoEnergy
investment
1.3Billion euros
in project costs
3Billion euros in forecasted sale
Renewable energy
Neptune
Wind powerfrom sea to sea
Energy from chemical fuels
DeBugger
Making the mostof biomass
Renewable energy
EFFIC
Improving efficiencyand cost of Solar PV
All figures correct as of March 2017
www.innoenergy.comwww.innoenergy.com 16Our services. Innovation Projects
Innovation success
Energy storage
HYMES
Hydroelectricmechanical energy
storage
Smart electric grid
MrCySeMoL
Cyber securitytool
Smart and efficientbuildings and cities
Active Substations
Proactivemonitoring
All figures correct as of March 2017
299Project partners
across Europe
77Patents filed
83Products and services
supported
3Manufacturing
facilities constructed
157Million euros of InnoEnergy
investment
1.3Billion euros
in project costs
3Billion euros in forecasted sale
www.innoenergy.com 17Our services. Business Creation Services
Connecting entrepreneurs and start-upsto markets and customers
Tailored business support: the InnoEnergy Highway
Viable technologies, sustainable businesses, entrepreneurial spirit
Product: potential, development, pilot, launch
Market: opportunities, positioning, modelling, planning
People: capabilities, training, support, mentoring
Finance: seed money, VCs, angels, equity
www.innoenergy.com 18Our services. Business Creation Services
Support from business plan to first sale
1 2 3 4 5
Idea Assessment Coaching Delivery Success
www.innoenergy.comwww.innoenergy.com 19Our services. Business Creation Services
Entrepreneurial success
171Early start-ups
supported
95Companies created
55Million euros
of externalinvestment raised
2,144Business ideas
captured
France
Renewable energy
Dracula Technologies
See the light withprinted PV cells
Iberia
Smart and efficientbuildings and cities
OpenDomo
Measuring energyconsumption with
Artificial Intelligence
Poland
Smart electric grid
GRADIS
A new eraof smart lighting
All figures correct as of March 2017
www.innoenergy.comwww.innoenergy.com 20Our services. Business Creation Services
Entrepreneurial success
Spain
Energy efficiency
Technoturbines
Energy recoverythrough hydraulic
turbines
Sweden
Smart electric grid
Ferroamp
Distributed energystorage for smart
grids
France
Energy storage
NAWATechnologies
Ultra-fastbatteries
All figures correct as of March 2017
171Early start-ups
supported
95Companies created
55Million euros
of externalinvestment raised
2,144Business ideas
captured
www.innoenergy.com 21Highway Services – Basic Services
IE Internal Services
Consultancy and support of InnoEnergys own staff locally as well as internationally through companies around Europe
Participation in workshops, courses and InnoEnergy's own fairs and events, for example, TBB
Contribute with contacts in universities, industry, finance, associations and authorities
IE Sourced Services:
Business Planning Services
Corporate Coaching Services
Consultancy services for applications for grants and contributions
Lawyer and lawyer services
Patent Office Services (Patent and Trademark Protection)
Market communication services, such as web design, logos and graphic profiles
Recruitment Services
Travel agency
IE Sub-Grants:
Technology Enhancements – 30 k€/Venture
Team Creation – 20 k€/Venture (max 6 months)
Acceleration Fund – 18 k€/Venture (for 2 entrepreneurs/Venture, max 1,5 k€ per month/entrepreneur, max 10 months/entrepreneur, entrepreneur must proof lack of income from other sources
Average total budget for services and grants are 60 k€/year
www.innoenergy.com 22Highway Services – Basic Services
Examples of Services
Market
Market and competitor analysis
Business model development
Business plan development
Marketing and sales support
Technology
Intellectual Property (Patent, Trademark etc.)
Technology enhancement and prototyping
Access to research and technology centers
Finance
Support for application to public funding
Access to a European VC & Angels network
Access to KIC InnoEnergy investment fund
Access to project financing
Legal counselling
Team
Team Creation
Training through coaches and experts
Dedicated Business Coach
www.innoenergy.com 23Business Creation Services
The InnoEnergy Boostway® - in short
Mature Start-Up
CUSTOMIZED SERVICES + CASH
SUCCESS FEE OR EQUITY
Additional value-add:• Partner network• Internal resources• Knowledge• Credibility - through sector focus• Access to Funding
- IE Investment Fund- VC/CVC Network- Business Angel Networks
Success fee connected to project results, e.g:• % of sales
- on approached market, vertical • % of successful fundraising• Capped, case-by-case
Indicators:• Proven technology and business model• In operation for 1,5 – 4 years • Revenues 100 k€ - 3000k€ or recent financing round• Team full-time and complete• 360 degrees legal compliance
Acceleration of growth:• Expanding new or existing markets• Industrialisation of value chain• Fundraising (equity, debt, grants)• Cash for related tech enhancement (TE) and team
creation (TC)
www.innoenergy.com 24Our services. Education
Connecting graduates and employers,researchers and industry
Combining technical knowledgeand commercial awareness
Delivering smart people, skills and connectionsto Europe’s energy sector
Improve career prospects
Deepen the industry’s talent pool
Encourage innovation and entrepreneurship
Increase competitiveness
www.innoenergy.com 25Our services. Education
Educated individuals, engaged researchers, better business
Master’s School 7 programmes12 universities3 business schools8 countriesLifelong community
PhD School Customised trainingCommercial disciplinesAccess to partners’ facilitiesBusiness Creation Services and Innovation Projects
Professional learning
InnoEnergy offers courses for executive students and, through The Institute of Sustainable Energy (iSE), provides courses for professionals who want to advance their careers and companies that want to support continual learning for their employees.Visit: ise.innoenergy.com
all figures correct as of March 2017
www.innoenergy.comwww.innoenergy.com 26Our services. Education
Our alumni 494Gamechangers from the
InnoEnergy Master’s School
11,000Applicants to the InnoEnergy
Master’s School
9/10Graduates who find
a job within six monthsof graduating
15%Average annual salary
earnings over graduatesof similar programmes
200PhD candidates supported
36PhD graduates
8Professional MOOCs
Gregory Kotsis, MSc SENSE
Project engineer, IREC Barcelona
“We need toinvest more
in green power”
Roberta Cirillo, MSc EMINE
Research engineer, CEA Grenoble
"Long-term visionis the key
to the future"
Joeri Siborgs
MSc Energy for smart citiesR&D project engineer,
Elia Brussels
“Versatility, entrepreneurship and
international experience”
All figures correct as of March 2017
www.innoenergy.com 27Conclusion
A new approach to sustainability
Connectedat the heartof Europe’s
energy sector
Collaborativebringing skillsand resources
together
Commercialself-sustaining public-private partnership
Challengingnew waysof working
and thinking
www.innoenergy.com 28Agenda
1. About InnoEnergy
2. Our offerings
3. Ventures and examples of InnoEnergy support
4. Co-operation with Aalto University
www.innoenergy.com 29”InnoEnergy Ventures”
www.innoenergy.com 30Example CorPower Ocean
Highway®:
• Assessment• Seed funding, public funding• Team creation (CEO recruitment)• IP-protection• Technical verification• Legal support• Etc…
Innovation project:
• 4 M€ for building ½ scale prototype and testing it inthe ocean;
• Building value added consortia for the development
Boostway®:
• Fundraising activities for full scale prototype
www.innoenergy.com 31More innovations for tomorrow’s energy sphere – Join TBB2017
Over 160 innovations in sustainable energy
www.innoenergy.com 32Agenda
1. About InnoEnergy
2. Our offerings
3. Ventures and examples of InnoEnergy support
4. Co-operation with Aalto University
www.innoenergy.com 33About InnoEnergy
Partner Program - ”InnoEnergy Innovation Ecosystem”
• Current Status – Aalto University:• Aalto became a Project Partner within the Framework Partnership Agreement of EIT/InnoEnergy in the
beginning of this year 2017 (+350 in total)• Aalto has entered into project partnership with InnoEnergy’s regarding SELECT Master Program -
Environomical Pathways for Sustainable Energy Systems
• Desired partnership• Gold membership• Business Creation Co-operation Agreement – Annex to Gold Partner Agreement
www.innoenergy.com 34Business Creation
Scouting Model in Sweden
• University Representatives (today KTH and Uppsala University)
• Regional Representatives (today hired consultants one for Western and one for Southern Regions)
www.innoenergy.com 35Business Creation Scouting Model
KTH
• KTH has appointed one person (at KTH Innovation) as InnoEnergy representative• Is employed by KTH but KTH is partly compensated by InnoEnergy (KPI based)• Tasks:• To do scouting of relevant InnoEnergy cases at the University and to present the InnoEnergy offering to entrepreneurs and
start-ups (Highway, Boostway, Innovation Project and funds)• Managing the InnoEnergy processes within the different programs/funding activities• Be the main interface to entrepreneurs during the program period• Participate in InnoEnergy meetings and events – Business Creation Team member• Represent InnoEnergy Business Creation at suitable Finnish events e.g. Slush
www.innoenergy.com
InnoEnergy is supported by the EIT,a body of the European Union
Thank you, any questions?
+46 (0) 760949155