Engineering innovation...About InnoEnergy 2 Who we are Europe’s engine for innovation in sustainable energy Empowering every stage of the innovation process Investing in people,

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


Who we are


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


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


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



1. About InnoEnergy

2. Our offerings



www.innoenergy.com 11Business Creation Services

Who we are

An ecosystem on European level for start-ups & early stage ventures within our thematic fields


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


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


Active Substations

Proactivemonitoring


299Project partners

across Europe

77Patents filed

83Products and services

supported

3Manufacturing


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


OpenDomo

Measuring energyconsumption with

Artificial Intelligence

Poland

Smart electric grid

GRADIS

A new eraof smart lighting


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


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


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”


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


1. About InnoEnergy

2. Our offerings



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


1. About InnoEnergy

2. Our offerings




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?

[email protected]

+46 (0) 760949155

Documents

Engineering innovation...About InnoEnergy 2 Who we are Europe’s engine for innovation in sustainable energy Empowering every stage of the innovation process Investing in people,