Events27 July 2018

Sustainable Energy is not only trendy but also profitable

InnoEnergy, one of the most important European players in the sustainable products market, provides financial support to sustainable ideas or projects in Romania

Sustainable Energy

Sustainable Energy

Ecology and implicitly the concern for our planet’s welfare are concepts that are decades old. However, the profitable side of these trends has only begun to emerge recently, with more and more states and individuals realizing that sustainability is the only viable solution to the future of the world as we know it. Thus, green products have begun to be sought after, so, under these conditions, sustainability-focused businesses seem to have a secure future.

In Romania, being green is a rather a recent trend, supported primarily by young people, but this way of perceiving things seems to become more and more prevalent. As a result, green consumption has grown in Romania and with it business in the field have also developed. Proof of this growth is Startup Transilvania's decision to join the InnoEnergy network, a network that comprises more than 160 European partners. The goal of InnoEnergy is to promote sustainable energies and find innovative solutions for sustainable development.

Thus, through Startup Transilvania and ClujHUB (another entrepreneurial center), InnoEnergy has launched a competition focused on green ideas and projects, which it is willing to fund with between 20-80% of the project’s value, depending on the quality of the proposal. Until now, investments have been as low as EUR 100,000 and as high as EUR 4-5 million. The deadline for joining the 2017 Round of Investment Program is October 23, and the areas of activity are the following: renewable energies, alternative energies, clean fossil energy, reliable nuclear energy, sustainable residential and industrial energy consumption, storage and distribution efficient energy, houses, buildings and smart cities, energy security.    



Claudiu Bolcu




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