Smart Transport

EIT InnoEnergy invites global transport and sustainability start-ups to bid for funding

EIT InnoEnergy, the sustainable energy investment company, is offering up a fund of €100,000 (£86,000) to 20 start-ups to help develop transport and sustainability projects across the world.

Companies have until December 19 to pitch for the funding with projects relating to renewable energy, energy efficiency, heat and transport.

Elena Bou, innovation director at EIT InnoEnergy, said: “We are at an environmental crossroads. Action needs to be taken today to ensure we reach our global carbon reduction targets – which is why we’ve expanded our call beyond Europe.

“Delhi has just declared an air pollution emergency and in the US, the number of polluting motor vehicles on the roads has grown steadily to more than 270,000. We are reaching a tipping point – we need to tackle climate change together, and through our trusted ecosystem of more than 460 partners, we can do just that.”

Bou said that while the bids are open to all countries, there is a particular interest in attracting innovators from the US and Asia.

She said: “From clean tech hubs like San Francisco and Boston in the US, to leaders in renewable energy like Singapore, we know their start-ups are on the cusp of monumental breakthroughs. We are ready to partner with these innovators to lead the charge to change our energy landscape for the better.”

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