Enel Innovation Hub Europe

Enel Innovation Hub Europe is part of the network of ten collaborative spaces for startups that the Enel Group has created to develop its relationship with the entrepreneurial ecosystem and identify startups and SMEs able to solve the innovation challenges of its business.

The initiative is not an accelerator and does not invest in the capital of startups, but rather offers a mutually beneficial collaboration model in which Enel acts as an industrial partner. In this way, the final objective is for the startup to develop its business and grow through its relationship with Enel.

Among the services it offers to startups are its know-how, the various infrastructures and laboratories for testing, as well as scalability through access to its operations and its base of 70 million customers in more than 30 countries.

The collaboration (proof of concept, pilot, project, commercial relationship, etc.) and its duration are defined according to the degree of development of the solution and its fit with the business need. In this sense, and with reference to the financing received by the startups that belong to the Enel initiative, this depends on the collaboration that is established. In some cases, the business line can enter into co-development of the solution and make an economic contribution, without entering into the capital of the startup.

Some of the startups that are part of Enel’s portfolio of collaborations are Athonet (Italy), Envelio (Germany), Form Energy (USA), Nido Robotics (Spain), Nozomi Networks (Italy) and Percepto (Israel), as well as other international ones. In the last four years the startups with which Enel has collaborated have received forty million Euro in revenues from the company.

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