INCENSe (INternet Cleantech ENablers Spark), a business incubator created by a consortium coordinated by the Enel Group and co-funded by the European Union's Seventh Framework Programme, aims to promote innovation and employment in the energy industry through the development of eco-friendly products and high tech services.
INCENSe was recently unveiled at the European Conference on the Future Internet in Munich and is the only clean technology accelerator among the 16 supported by Brussels' FIWARE Accelerator Programme. The programme links innovation in areas such as smart cities, health, agriculture and logistics to the use of an open source Internet platform that aids development of applications, as well as integrates them into an interoperable system.
The consortium is composed of Enel's Spanish subsidiary Endesa, Accelerace, a renowned Scandinavian energy start-up incubator, and FundingBox Accelerator, the first and most important public platform for start-ups and researchers.
INCENSe will provide €6 million in funds for up to 42 European SMEs that have innovative ideas relating to energy efficiency, automation, renewable energy, smart grids, storage, automation, e-mobility, security and digitisation.
There will be two competitions – the first on 15 October and the second in June – with the first 14 winning start-ups being selected during the first contest, which will be open until January. They will receive a non-reimbursable grant of €150,000 no equity and will also receive support services from the consortium's partners, such as access to training and workshops on European funding and projects in Spain (Smart City and Zem2All in Malaga), Denmark (Next Step Living Lab in Esbjerg) and Italy.
The winning start-ups will also be put in contact with specialist investors and will be fast tracked to the selection process of both the next edition of Enel Lab, Enel's business incubator, and Accelerace's Next Step Challenge. Further details on the programme are available on www.incense-accelerator.com.