Navigation path

Left navigation

Additional tools

Tag ‘Green projects’

Innovation at the service of the EU Green Deal

Tags: , , , , , , ,

The original article can be found on the EASME website.

The European Innovation Council Accelerator pilot supports innovation that creates the markets of tomorrow and therefore has its part to play in bringing the European Green Deal to life. Here’s how the EIC supports innovators that deliver a climate-neutral circular economy on the ground, in a few numbers. 

The push towards a green economy has received new impetus under European Green Deal – the EU’s pledge to become the first climate-neutral continent in the world. This transition will largely be market-driven and will require many new technologies, processes, economic circuits to support the shift. From waste-sorting robots and more efficient production chains, to air-cleaning flower pots, cars that inhale their own fumes and smart energy devices, green innovations supported by the EIC Accelerator are making the transition towards a circular, low-carbon economy a reality. 

Young green companies at the forefront

The EIC supports over 1.100 green companies for over € 550 million in total. This represents almost 25% of all EIC-supported companies. Since the latest EIC Accelerator cut-off, companies can get equity in addition to their grant. So far, 14 green companies were offered equity for a preliminary total of € 36 million that will be negotiated on a case by case basis. 

Most green companies are young – almost half of them were founded between 2012 and 2017. A majority of 70% manufacture green technologies and products. 
Green innovators have attracted around € 730 million private investment after receiving their grant, which means that every 1€ invested in green companies by the EIC leveraged 1.72 € of private investment.

Most of the private investments were made in the energy, food and enterprise software industries. Five companies started floating on the stock market, mostly on Nasdaq First North, and eight companies were acquired by bigger players. 

Most of the funded companies are from Spain, Italy and the UK – as are most of the EIC-funded companies in general. However, most of the private investment rounds occurred in Germany, the UK and Croatia, which hosts a project that benefitted from a € 88 million investment in the clean tech electric car company Rimac Automobili by Huyndai and KIA. 

More support expected

More opportunities will soon be available for companies that support the European Green Deal through breakthrough innovations. 

one-off EIC Accelerator call for ‘green deal’ start-ups and SMEs is expected, whereby all applicants submitting for the 19 May 2020 cut-off will need to demonstrate how their innovation contributes to the goals of the European Green Deal. The 7 October 2020 cut-off for the EIC Accelerator Pilot will remain open to all innovations.
An advanced version of the amended EIC Work Programme is due to be released by the end of February, and the final version by the end of March, replacing plans for the year ahead in the current EIC Pilot Work Programme 2018 – 2020.

Discover all green innovations supported by the EIC Accelerator pilot in our datahub

Green Projects – EEPA 2018 is looking for you!

Tags: , , , , , , , , , ,

The European Enterprise Promotion Awards (EEPA) are still open for nominations and entries, and this year with the re-instatement of the ‘Supporting the development of green markets and resource efficiency’ category, which was temporarily suspended in 2017, there are even more prizes to win!

So what is this category about?

The ‘Supporting the development of green markets and resource efficiency’ category is one of a total of six categories, and recognises initiatives that support SME access to green markets and help to improve their resource efficiency through, for example, green skills development and matchmaking, as well as funding.

Previous European winners of the category include:

Interested in applying for this category? Check your national submission deadline and contact your national coordinator today!

Watch the 2016 winning moment:

Find out about the 2016 nominees:

  • Useful links

  • Tags

  • RSS Promoting Enterprise

    • EEPA 2021 Testimonial – Inkludera by Inkludera January 28, 2022
      We continue our conversations with the European Enterprise Promotion Awards (EEPA) 2021 winners. Last time we brought you the story of Grand Jury Prize winner COMPETENZentrum für Selbständige by Initiative Selbständiger Immigrantinnen e. V., who was also awarded first prize in Investing in Entrepreneurial Skills category at the European Enterprise Promotion Awards at the SME Assembly […]
      promotingenterprise
    • Interested in the green and digital transitions in the EU industry? We have NEWS! January 27, 2022
      The 2022 edition of the EU Industry Days is close! Europe’s flagship event on industry will take place from 08th to the 11th of February in hybrid format, giving you the possibility to join the conference online.Registrations are already open! Entitled “Unlocking the future: EU industrial ecosystems on the path to the green and digital […]
      promotingenterprise
    • Discovering Kristina Dimova, the winner of SME Week Youth Essay Competition 2021 January 19, 2022
      Bulgarian Kristina Dimova won the SME Week Youth Essay Competition 2021 with an essay that highlighted that humanity is the key to sustainability not only for the business plan of the company, but in the context of management. We invite you discover what was the motivation behind Kristina’s participation in the Competition, but also what […]
      promotingenterprise
    • Launch of the European Enterprise Promotion Awards #EEPA2022 January 17, 2022
      The time for a new edition of the European Enterprise Promotion Awards (EEPA) has come! Annually, EEPA identify and recognize the most successful promoters of enterprise and entrepreneurship around Europe. The competition rewards the most innovative initiatives from public bodies and public-private partnerships, which support entrepreneurship, and small and medium sized enterprises. How will it […]
      promotingenterprise
    • Discovering YEC 2021 Finalist Victoria Krah January 13, 2022
      “Over the past 1.5 years, the resilience of Europe’s SMEs has been challenged like neverbefore in recent European history.” This is how the essay that brought Victoria Krah among the finalists in the SME Youth Essay Competition starts. Today we are finding out more about what motivated Victoria Krah to enter the SME Youth Essay […]
      promotingenterprise
    • EEPA 2021 Testimonial – COMPETENZentrum für Selbständige January 6, 2022
      We are back with another European Enterprise Promotion Awards (EEPA) winner testimonial! Last time we brought you the story of the first category ‘Promoting the Entrepreneurial Spirit’ – Culinary Action! by Basque Culinary Centre from Spain. Today we are bringing the story of Grand Jury Prize winner COMPETENZentrum für Selbständige by Initiative Selbständiger Immigrantinnen e. V. was […]
      promotingenterprise
    • EEPA 2021 Testimonial – Culinary Action! December 15, 2021
      Here on Promoting Enterprise, we are excited to bring you the first of our European Enterprise Promotion Award winner testimonials! Throughout this series we will be interviewing the EEPA Class of 2021 to find out more about these outstanding projects, what they do, what winning the awards means to them, their journey to the finals […]
      promotingenterprise
    • SME Newsletter: Relive the SME Assembly Experience! December 9, 2021
      Welcome to this new edition of the SME Week Newsletter! What an exciting month! The SME Assembly on 15-17 November was a great success, and we would like to extend our warm thank you to our hosts from the Slovenian Presidency in Portorož, Slovenia. We hope you all enjoyed and benefitted from the event. If […]
      promotingenterprise
    • Bulgarian Kristina Dimova wins SME Week Youth Essay Competition 2021 November 29, 2021
      Kristina Dimova, 22 year-old from Bulgaria, was proclaimed a winner of this year’s SME Week Youth Essay Competition during the SME Assembly 2021. “Change is inevitable. That’s why businesses must adapt or perish. The way they could adapt is by being as human as possible. The main thesis of my essay is that humanity is […]
      promotingenterprise
    • SME Assembly – Day 3 November 18, 2021
      The third and final day of the SME Assembly 2021 kicked off with a series of panel discussions and the Youth Essay competition, which 22-year-old Bulgarian Kristina Dimova won. The morning panel discussions covered environmental, social and governance issues; transfer of business; European scale-up firms; and SME support under the new Multi-annual Financial Framework.A highlight […]
      promotingenterprise