Edinburgh-based Nova Innovation is flying the flag for Europe’s renewable energy industry after winning the Enterprise Europe Network Award 2018.
The Enterprise Europe Network announced Nova Innovation as the winner of the 2018 Enterprise Europe Network Award at the Network’s Annual Conference in Vienna, Austria. Nova's win comes after they delivered a novel idea: creating the world’s first grid compliant tidal energy turbines in Scotland, ahead of big multi-national energy companies.
Jane Watters of SE’s Enterprise Europe Network team introduced Nova to a Belgian renewables company IDETA which led to the development and expansion of the world’s first offshore tidal array in Shetland . With the Network’s support, Nova was also able to secure over £20m EU funding which has had a significant impact on the company’s growth, with the company growing from a team of four to over 35 employees.
“It’s wonderful to receive this prestigious award and it is testament to the hard work and exceptional calibre of the teams involved.” said Simon Forrest, Chief Executive Officer at Nova Innovation.
“We must give a special thank you to Scottish Enterprise’s Enterprise Europe Network team who helped Nova build a partnership with IDETA of Belgium and other organisations across Europe. That pan-European collaboration has accelerated our growth and enabled us to deliver these world-leading projects.
“Tidal energy is the next big global renewable resource to come to market. It has the huge advantage of being highly predictable. The tidal energy sector also has enormous potential to provide jobs, boost economic growth in coastal regions and drive exports.”
Kristin Schreiber, Director at the European Commission’s Directorate General for Internal Market, Industry, Entrepreneurship and SMEs (DG GROWTH), said:
“The Network has helped over 2,6 million small businesses innovate and grow internationally over the past decade. Nova Innovation has made the most of the EU’s funding and partnership opportunities with the help of the Network. Such impressive results can be an inspiration for other innovative companies with international ambitions.”
The award marked the tenth anniversary of the Enterprise Europe Network, which brings together around 600 business support organisations from more than 60 countries to help European businesses innovate and grow internationally.
Nominations were proposed from countries throughout Europe, across all sectors. A high-level jury of three judges selected Nova Innovation from a shortlist of inspiring finalists including Gökmen Machinery Co. (Turkey), BHZ Agromat (Poland), Wellness Telecom (Spain) and Heliox B.V. (The Netherlands).
36 days ago - Funding competition Eureka Eurostars 2: round 11
64 days ago - Who saves Christmas every year? We do!