Essen,
20
February
2018
|
10:01
Europe/Amsterdam

International start-up programme ‘Free Electrons’ opens second round

  • innogy and other leading energy companies globally identify smart business ideas in energy and mobility
  • Open for applications until February 28th

Business idea meets partner: Together with other energy companies, innogy opens the second round of its global start-up programme ‘Free Electrons’. Following a first and very successful round in the last year, with more than 450 applications from 51 countries, start-ups around the world are asked again to apply and present their business concepts to a consortium of internationally leading companies in the global energy industry. Founders get the possibility to develop their solutions together with large partners, while also gaining access to potential investors.

Florian Kolb, Managing Director at innogy New Ventures, “We started Free Electrons in 2016 because there is a fundamental need from our industry to access and source innovation. Free Electrons therefore has a strong action-oriented approach – initiating business between start-ups and a unique consortium of innovative energy suppliers, who are already investing billions every year in the development of global energy systems.”

Stefan Padberg, also Managing Director at innogy New Ventures: “It's a perfect match for us: smart start-up ideas meet a transforming corporate that is re-inventing itself and has established lean and agile structures that speak 'start-up' and 'corporate' language alike. We support start-ups scale fast – and on the other hand start-ups can enable us with the best possible products."

Besides innogy, the international consortium of large energy companies consists of the partners Ausnet Services and Origin Energy from Australia, DEWA (Dubai), EDP (Portugal), ESB (Ireland), Singapore Power (Singapore) and Tokyo Electric Power (Japan), as well as Beta-i agency from Portugal as supporting partner. The companies have an aggregated customer base of 73 million users combined, with operations in over 40 countries worldwide. For start-ups the programme represents an ideal platform for exchange with experts and decision-makers, aiming to develop joint projects and enable investments.

Applications for the second round of „Free Electrons“ are accepted until February 28th: http://www.freetheelectron.com/