Guest essay by Eric Worrall
A startup incubator firm based in Amsterdam, Netherlands, has announced help and grants for people who want to pursue renewable energy ideas.
Start-ups brimming with bright ideas are becoming increasingly important in the field of sustainable energy. And Amsterdam’s “global start-up machine” Rockstart has devised a scheme which places selected small companies bursting with killer energy ideas in an 180-day long accelerator program.
“What we do with Rockstart is we try to connect people… connect entrepreneurs to people who can support them,” Rune Theill, co-founder of Rockstart, told CNBC’s Sustainable Energy.
Rockstart’s smart energy program looks to draw on the experience of more than 75 “smart energy mentors, investors and energy partners.” Ten startups are selected, and in exchange for 8 percent equity, each one is offered a cash investment of 20,000 euros ($20,662), as well as an “in-kind” investment into benefits such as office space and hands on support from mentors.
I suspect Rockstart’s Amsterdam grant programme will have no problem sourcing lots of wild new ideas for making renewable energy viable. Implementing some of those ideas might be a challenge.