Little time left for startups from Serbia to apply for PowerUp by InnoEnergy competition

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Little time left for startups from Serbia to apply for PowerUp by InnoEnergy competition

The new invitation for projects is a part of the third edition of the biggest contest for startups from the sector of sustainable energy in 23 countries of Central and East Europe, the Baltic countries and a part of the Mediterranean. As the organizers reported, the application started on June 19 and lasts until September 11, 2017, and interested companies can submit their ideas to powerup.innoenergy.com

Record number of applications

 

More than a hundred startups have already submitted applications for PowerUp! by InnoEnergy competition, the biggest competition in Central Europe for startups focused on s energy sector solutions, organizers said. Applicants with a project based in the field of energy, a device prototype, a dedicated team and a planned marketing time of up to two years can participate in the competition.

The variety of submissions to this competition shows, how young companies are responding flexibly to the changes in the energy sector and adjust their project to the market needs. Many of the candidates focus on saving and reducing costs of energy production and environmental protection. This competition supports development and marketing of companies that aim at creating solutions with global reach.

Thes best participants of PowerUp! Can hope for an offer of participating in the Highway programme with access to funds with the value of €150,000 for the support of team building, technology development, creation and verification of a business model as well as commercialisation on global markets, and financial prizes.

“An innovative idea is no longer enough. The energy market is very demanding, and time is what matters in the case of startups and entrepreneurs. Potential customers should be contracted as early as possible to find out what their expectations are. The need that a product meets and the value offered by its use is more important than the product itself” was the advice given to beginning startups by Mateusz Lisowski, CEO Enethech.

The best PowerUp participants! Competition can expect an invitation to take part in Highway, an accelerator with access to funds up to 150,000 EUR for team building, technology development, business model creation and verification, as well as commercialization in global markets, and cash prizes.

Deadline for applying for projects at PowerUp is until September 11, 2017.

Source: http://www.ekapija.com/start-up/1859133/rekordan-broj-prijava-za-powerup-by-innoenergy-takmicenje-za-startape, http://www.pressreader.com/malta/the-malta-independent-on-sunday/20170827/282243780723788