PowerUp! 2018 Start-up Competition
On March 1st 2018, the application period for PowerUp! by InnoEnergy – the fourth edition of the largest competition for start-ups from the cleantech sector in Central and Eastern Europe – began.
The competition creates a great opportunity for business development and establishing a presence on the international market.
The deadline for the application period was on the 19th of April and this year’s competition attracted a large number of applications from Start-ups from Greece and Cyprus!
PowerUp! was looking for solutions in the following areas: energy, mobility, cleantech & cybersecurity.
PowerUp! 2018 Country Final in Greece – Bootcamp & Results
After the careful evaluation of the applications 8 teams were invited to participate in the 2-day preparatory bootcamp and the PowerUp!2018 country final in Greece.
Bootcamp: The 8 finalists had the opportunity to attend a two-day bootcamp that took place on the 12th and the 13th of May at the offices of KiNNO. During this bootcamp every team worked closely with expert coaches and a mentor on their business case and their pitch. These were:
Country final: The PowerUp!2018 country final in Greece, was successfully completed on the 14th of May 2018 at the premises of the National Bank of Greece (Pireos 74, Moschato), where the 8 finalists presented their business ideas in front of the jury of the competition and the audience.
The finalists had at their disposal 4 minutes to present their business idea and convince the jury. After each presentation or pitch the jury had 3 minutes for questions or comments on the presentation. For each team the Jury had to answer one question: “How likely are you to invest your own money in the presented start-up?” on a scale from 1 to 5.
The members of the jury this year were:
- Mr. Spyros Arsenis, Business Seeds Coordinator of the National Bank of Greece
- Mr. Yorgos Mousmoulas, Partner at Metavallon VC
- Mr. Dionissis Spiliopoulos, Lean startup Educator and ex. President and Managing director of Schneider Electric Greece
- Mr. Michał Kraszewski Business Creation Manager at InnoEnergy and chairman of the Jury
The winning team was Recytrust, which is developing an IoT quantitative recycling performance technology & collection service to disrupt the waste management sector.
NanoTC, a team that is developing a solution for energy efficiency and heat regulation won the 2nd place and EFESYS, a startup that is developing a solution for increasing Renewables in Microgrids won the 3rd place.
The other finalists were:
Community Energy River – A platform for energy communities
Enerfil – Digenis Photovoltaic solar station
Ledapp – An app for purchasing LED lamps
Recycglobe – An intelligent waste management system
Solar Networks – A marketplace for small RES systems
The Media sponsors for the PoweUp!2018 Country final in Greece were:
PowerUp! 2018 Grand Final in Prague
Recytrust will represent Greece in the grand finale of the PowerUp! competition in Prague and it will compete with the winners of more than ten country-wide finals across CEE.
The best ideas will be given the opportunity to participate in the InnoEnergy Highway®, a business accelerator that aims to commercialize sustainable energy business ideas, giving financial support and consulting services for the development of their idea worth up to € 150,000. Moreover, the European contest will highlight three winners. The first winner will receive a cash prize of € 30.000, the second € 10.000 and the third € 5,000, while all participants will benefit from new business contacts and advice from experts and professional mentors.
The competition is supported by KiNNO Consultants Ltd, the HUB of InnoEnergy in Greece and Cyprus.
For more information about the PowerUp competition you can contact Yiannis Geragotellis and Paris Rallis by phone or by email.
Tel: 210 68 38 950