FP6 - Promo/020152/2005 Promotion of Renewable Energy Technology Transfer

Contacts




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Sustainable Development and Renewable Energy

Type of Project	Integrated Project
Contract No	FP6 - Promo/020152/2005
Total Cost	1,206 KEuro
EC Contribution	866 KEuro
Start Date	14-2-2006
Duration	24 Months

Abstract

ProRETT aims at testing new practices to remove the major barriers that prevent results out of scientific research projects on renewable energy and energy efficiency from reaching market applications: market barriers (insufficient analysis related to markets potential or cost and revenue estimates), technology barriers (poor performance adaptation in front of better existing technical solutions), financial barriers (lack of understanding the investor requirements and "information asymmetry" between 'technologists' and potential investors), managerial barriers (lack of team experience with development of business models and financial plans leading to the underestimation of time to market and financial requirements).

Coordinated by EUREC, a European Economic Interest Grouping of public Research Laboratories, ProRETT promotes existing results of scientific research projects available in EU research centres that have not yet been exploited, through assistance to the entrepreneurial teams connected to such research work. First, existing research results are identified and screened for evaluation of their commercial potential. The technical information is completed by a business-relevant analysis of technological competitive markets, road maps to financing, and management issues leading to draft business plans. Then, potential entrepreneurs and investors are associated to this process and coached by technology transfer and innovation professionals including specialists in venture capital/ private equity financing and banking instruments.

The promising technologies are made ready to be licensed for sale to industry or developed into business proposals for start-up companies. ProRETT ultimately aims at deal conclusion to prove the approach successful (completing full financing rounds to venture capital investors/established businesses, or licensing agreements). Lessons learnt during the project and policy recommendations are presented...

Coordinator

European Renewable Energy Centres Agency E.E.I.G., Belgium

Partners

• Asesoria Industrial Zabala, S.A. , Spain
• i.con. innovation GmbH, Germany
• Technofi SA, France
• Axiom Ventures GmbH < Germany
• Mermaid Venture aps, Denmark
• European Renewable Energy Council, Belgium
• Capitalia Societa' per Azioni, Italy

Contacts

Contact

• Katharina KRELL / EUREC Agency BELGIUM