PowerUp! – the next edition of the competition for start-ups with the energy to change the world
On 11 February, the application process for the fifth edition of PowerUp! Competition 2019 begins. Participants have the chance to compete for a main prize of 50 000€ and the opportunity to develop their business on a global scale. The contest, organized by InnoEnergy, is the largest start-up competition in Central-Eastern Europe, including areas such as energy, mobility and smart technologies.
The competition not only offers a promising financial prize, but also the opportunity to join InnoEnergy’s prestigious business accelerator. The Highway® program, aims to develop start-up projects and adapt them to the European market. Those who join the program can expect support within a wide range of topics from legal and IP protection, to pitch deck design, to agile methodology, and more. Other benefits include accessing international clients, as well as financial investment up to 150 000€.
This edition there will be a new distinction within the competition for the “Clean Air Challenge”. This merit will be awarded to a start-up whose solution will contribute to the reduction of air pollution and smog. InnoEnergy is a key player in the Clean Air Challenge launched in October 2018 in Brussels.
With every edition of the competition, the number of participants has doubled. In the 2018 InnoEnergy received over 300 potential candidates, it is a fair estimate that the registration for the 2019 edition, which ends on 11 March, will end in further success. In the past two years, the applications have grown both in scale and in quality.
Applications with ready-made prototype have dramatically increased from 28 prototypes in 2016 to 120 in 2018. The same increase can be seen in applications with a functioning product or service (from 19 to 93 respectively).
The 2018 winner of PowerUp! was Zubax Robotics from Estonia, which presented a solution to drastically reduce energy consumption in future mobility solutions.
The deadline for registration period is 11 March 2019.