EU – Baltic States, Forum, Innovations, Investments, Technology

International Internet Magazine. Baltic States news & analytics Thursday, 24.09.2020, 04:53

Three more weeks for Latvian entrepreneurs to apply for PowerUp! Challenge organized by EIT InnoEnergy

BC, Riga, 13.02.2020.Print version
Only three weeks - until March 6 - Latvian entrepreneurs, including start-ups, small and medium-sized enterprises and scale-ups, have the opportunity to apply for the PowerUp! Challenge competition hosted by EIT InnoEnergy.

This competition is suitable for all stages of the company's development. The themes of this year's competition are energy, mobility, clean technology and smart cities, but there are other ideas to enter.


InnoEnergy is an investor who is ready to provide entrepreneurs with the support of their professional team of experts in gaining access to new markets and realizing their projects.


Also in Latvia several companies have received InnoEnergy support, such as Hygen, Mazzy, Atlant 3D. Last year start-up Atlant 3D won the Latvian final, receiving the opportunity to participate in Grand Final in Krakow, Poland, where they won second place and a cash prize of EUR 10,000, competing with the top 14 startups.


Over the past five years, InnoEnergy has supported nearly 200 companies, 121 of which are already selling their solutions, and has helped them raise external funding of EUR 117 mln.

Start-ups, participating at InnoEnergy PowerUp! Challenge, will compete for the title "Start-up of the Year". The winner of each country's regional final will receive a road sign for the Grand final in Krakow, Poland, where they will present their ideas to a wide range of experts. PowerUp! Challenge final will take place at one of the most important economic events in Central and Eastern Europe - Impact'20. The first prize winner will receive a cash prize of EUR 50,000; second place winner – EUR 10,000; third place winner - EUR 5,000.

Apply until March 6th and you must fill out the application form at

About InnoEnergy:

EIT InnoEnergy is the innovation engine for sustainable energy across Europe.  We support and invest in innovation at every stage of the journey – from classroom to end-customer. With our network of partners, we build connections across Europe, bringing together inventors and industry, graduates and employers, researchers and entrepreneurs, businesses and markets.

We work in three essential areas of the innovation mix:

·        Education to help create an informed and ambitious workforce that understands the demands of sustainability and the needs of industry.

·        Innovation Projects to bring together ideas, inventors and industry to create commercially attractive technologies that deliver real results to customers.

·        Business Creation Services to support entrepreneurs and start-ups who are expanding Europe’s energy ecosystem with their innovative offerings.


Bringing these disciplines together maximises the impact of each, accelerates the development of market-ready solutions, and creates a fertile environment in which we can sell the innovative results of our work. InnoEnergy was established in 2010 and is supported by the European Institute of Innovation and Technology (EIT).


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