A WOKINGHAM start-up company is looking to help lower income homes get energy efficient heating solutions, after winning fresh financial backing.
Ebico’s Ignite scheme was launched in August, and provides firms offering innovations in affordable heating with funding between £5,000 and £10,000.
Four firms secured the scheme’s Innovation Support Award, including Helios.
This is a three-man team that has developed a new technology that enables heat exchanger storage units to safely operate at higher temperatures.
This means they can store more energy at a lower cost, making them cheaper than current battery storage systems.
Other firms are working on batteries for boilers and radiators, advanced chemical formulas to enhance home insulation, and a Smart Tank that makes hydrogen an option for powering homes.
Phil Levermore, CEO of Ebico, said, “The aim of Ebico Ignite is to get more affordable cleantech solutions onto the market as soon as possible.
“We’re delighted to have received so many interesting entries, but the four innovators who secured backing from us really have the potential to make a big difference to low-income households.”
And the company is looking to the future, quite literally.
“We’re keen to see more entries for Round two of the scheme so we can go even further to fulfil our mission to make low-carbon heating accessible to everyone,” he said.
Individuals, teams and start-up companies, can apply before Tuesday, December 6.
If successful they could win support in one or more of the following key areas – product viability, commercial potential and exploitation, investment readiness, technical scoping and feasibility assessment, logo and brand identity and new product/service development.
Applications will be judged by an expert panel for viability and impact, before the targeted and tailored innovation support awards are made.
Grants totalling up to £100,000 will be awarded over the year.
For more details, log on to: https://www.sustainableventures.co.uk/ignite
