Editor’s note: This article was first published in July 2012. The submission window ran from 1 July to 15 October 2012, and the amounts and conditions refer to the 2012 edition of Enel Lab.
The Enel Group has created Enel Lab, a business incubator that is looking for entrepreneurs and SMEs with innovative project ideas in the energy field. With this initiative, the Enel Group shows its interest in clean energy technologies, while giving entrepreneurs who want to be part of the change towards the energy of the future an opportunity to take part.
From 1 July to 15 October you can submit your project. Enel Lab will then choose six winners and give them initial funding of €250,000, which would be followed a year later by additional funding of up to €400,000.
Requirements for taking part
The contest is aimed at new companies registered in Italy or Spain that present a valid project with growth potential.
To take part in Enel Lab, your company would have to meet these requirements:
- Be a technology company operating in the energy sector, with clean technology projects that are either business-to-business or business-to-consumer.
- Be at an early stage of business development, preferably in its first two years of operation, and have a growing business. As an exception, small companies that are changing the focus of their activity can also enter, as can companies undergoing a substantial overhaul to launch new projects within their business.
- Be led by a management team with proven experience and technical knowledge. The management team must be passionate and proactive and have a long-term vision of the company’s goals.
- Identify the possibility of a strategic alignment with Enel. Preference will be given to companies that are strategically aligned with Enel’s business and with its partners’ priorities. This will make it easier for Enel to find synergies, offer networking opportunities and identify the ideal profile.
What does Enel Lab offer?
Enel will choose the six winning projects (startups) and offer them, in addition to the funding mentioned above, the chance to develop their project within the Enel Group, including Endesa in Spain, along with technological help and support through high-tech environments provided by Enel and Endesa. You can read the full text on Enel’s own website: What we offer.
You can register your project on the Enel Lab website by filling in the form and submitting your project in English. Good luck to everyone taking part.
