The best energy startup in CEE region in 2017 is Hungarians HeatVentors


HeatVentors from Hungary is the winner of this year’s edition of international PowerUp! competition for innovative energy startups and was awarded € 20 000 and a chance to be invited to the prestigious InnoEnergy Highway® accelerator. Last year won Estonian company PolarSol, who reduces the cost of heating buildings thanks to the use of solar energy, heat pumps and a patented heat exchanger. 

This years winners Rita Farkas and Zoltán Andrássy presented a solution which offers an innovative thermal energy storage with phase change materials which can save 90% space and 20-40% energy with 0,5-2 years return on investment. The technology has a variety of applications for thermal energy storage: from deep freezing technologies to comfort cooling and heating, renewable energy sources, industrial technologies and concentrated solar thermal power plants.

“The winning team responds to one of the biggest needs of the energy sector: the need for new energy efficient storage solutions. The energy storage area is such a Holy Grail and we see the biggest challenges there”, sayd Łukasz Świercz, Business Creation Officer of InnoEnergy Central Europe, chairman of the Jury.

This year Estonia was represented by UBIK Solutions whose OPTIVERTERⓇ technology can achieve better energy harvest than competitive solutions on the market today. 

"Since this is a highly competitive field, where only the technological advantage may not always be sufficient, we still need to address the development of our business model. We plan to certify our product, complete our tests with our customers, and reach the market in the first half of 2018, " said Andre Lindvest, the CEO of Ubik Solutions.

During the Grand Final in Budapest, 12 start-ups presented their solutions before the jury, investors and media. These were the winners of regional finals which took place in Hungary, Poland, Czech Republic, Slovakia, Slovenia, Lithuania, Latvia, Estonia, Romania, Bulgaria, Croatia and Greece. The finalists were selected from 158 teams from 24 countries of Central Europe who entered the competition. The stakes were high as the Highway® accelerator is one of the best programmes in cleantech sector in Europe:

“We help actively – we verify the business model, check if the company needs a salesman. We try not to interfere but to show solutions and open doors – we give access to our business and academic partners all over Europe. And this is the main goal of PowerUp! competition,” said Jakub Miler, CEO InnoEnergy Central Europe, the organizer of the competition.

What makes PowerUp! stand out from other competitions for start-ups is Bootcamp: before the Grand Final, the participants spent two days on verifying their business models and taking their presentation skills to another level. The coaches and mentors included expert business trainers from Central Europe, e.g. Gleb Maltsev, Estonia, Rafał Szczepanik, Poland and Costas Troulos, Greece.

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