Energía Positiva+ receives nearly 400 innovative proposals to mitigate the economic and social impact of the coronavirus

• Most of the projects fall within the sphere of ‘decarbonisation and sustainability’
• Capital Energy and Disa have joined the initiative supported by Enagás, Red Eléctrica, CLH, Iberdrola, BP, EIT InnoEnergy and Acciona.  

The Energía Positiva+ platform has received 396 proposals in just 13 days to contribute to mitigating the economic and social impact of COVID-19. This urgent call, which has focused on startups and scaleups, is supported by companies in the energy sector. The deadline for receiving proposals was Sunday, 19 April.

This initiative, launched on 7 April, is a pioneer in Spain and it aims to select projects related with environmental sustainability, mobility, social impact, digitalisation, telecommunications and Industry 4.0, always from the energy perspective. The ‘decarbonisation and sustainability’ category has received the greatest number of proposals.

Of the projects received, 140 are early stage startups (annual turnover below €5,000), 217 are startup proposals at a more advanced stage (with an annual turnover between €5,000 and one million euros) and 39 are from scaleups (companies with a turnover of over one million euros in 2019).

Over 85% of the proposals received come from Spanish companies and the 51 international projects presented include entrepreneurs from France, Belgium, Switzerland, Chile and Canada.

The projects are currently being analysed and selected. From the first week of May, after an interview phase with the startups/scaleups, the foundations for the investment, support or acceleration agreement between the companies and entrepreneurs will be established and the projects finally selected will be announced. Therefore, they will be able to start working from the second half of May with the projects being developed and implemented within a year, thus complying with the established calendar.

Capital Energy and Disa have joined the initiative supported by Enagás, Red Eléctrica, CLH, Iberdrola, BP, EIT InnoEnergy and Acciona. Collaborators also include institutions such as Startup Olé, ASCRI, El Referente and Socios Inversores, and the scheme has recently been joined by Byld, Everis, Dentons, PKF Attest innCome and Pons IP.

Each company will support at least one startup/scaleup by providing financing for the development of the project or by making available innovation tools, investment, commercial development and structure.

With this joint project, the collaborating companies have joined forces to contribute, through their corporate venture and innovation departments, to the economic and social recovery of Spain from the COVID-19 crisis and to support to the entrepreneurial ecosystem.

For information regarding Energía Positiva+, click here.