KIC InnoEnergy to invest US$85m in 65 energy innovation projects

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KIC InnoEnergy announced today the 2014 results of its sustainable energy innovation project support programme, which recorded 28 newly enrolled high potential project consortia in the space of just one year, adding up to 65 new projects since 2013.

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,  competenciesand 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. All of those projects are directly linked to KIC InnoEnergy’s greater objective of meeting our key energy challenges, which include decreasing energy costs, increasing the availability and security of supply, and reducing carbon emissions.

“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 patentedtechnology, 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.