Alliance offers help to RE innovators

KIC InnoEnergy, a European alliance for renewable technology innovation, has launched of a new call for proposals that will see it provide €400m ($540m) worth of financing and business-development support to consortiums from the research and industrial sectors.

The public-private support programme will assist organisations with high-potential projects to establish a development and commercialisation consortium.

To be eligible, consortiums must have successfully achieved the proof of concept and gather at least three other European partners.

"Right now in Europe there is a significant gap between research and innovation on one side, and the market on the other side. Europeans take 18 months to take a product from research to the market – Americans do that in just three months. That's how we lose our competitiveness," says Diego Pavia, KIC InnoEnergy CEO.

Part of the European Institute of Innovation and Technology (ETI), KIC InnoEnergy was created in 2010 by 27 shareholders from eight European Union (EU) countries – including research institutions, companies and universities.