Innovation Hub by Innogy
Innovation Hub by innogy is a driver of new ideas, business models, and disruptive paradigm shifts in the fields of artificial intelligence, energy, cyber ventures, and more. Its mission is to create a sustainable innovation culture that is built on people of all backgrounds. Toward this end, Innovation Hub invests in global startups and accelerates businesses that are ready to scale up.
Overview of Innovation Hub
Innovation Hub seeks to partner with international startups and businesses in four main areas:
Machine economy – Includes the “Internet of Things,” artificial intelligence, and decentralized blockchain-based models
Smart & Connected – Includes innovation in the fields of safety, security, management, maintenance, climate, convenience, building automation, and redefining the office
Disruptive Digital – Includes identifying and fostering new business models to revolutionize energy generation, trading, grid, and retail sectors
Cyber Ventures – Includes ventures that take on global cyber security challenges and seek to create significant shifts in the cyber market
Brief History
Innovation Hub was founded in 2014 by Innogy, a European energy company that generates energy from renewable sources and provides innovative solutions in the fields of storage technologies, electromobility, and energy sufficiency. Since its inception, Innovation Hub has generated a multimillion-dollar portfolio and has provided opportunities for 90 startups and scale-up companies to collaborate.
Geographically
Innovation Hub is headquartered in Essen, Germany and has outposts in Silicon Valley, Tel Aviv, London, and Berlin. Its global presence is in congruence with its mission of encouraging innovation through people of all backgrounds.
Significant Investments
Innovation Hub has invested in a number of pioneering companies in its four main areas of focus. In March 2019, Innovation Hub added FirstPoint Mobile Guard to its portfolio. FirstPoint is a cellular cyber-security-as-a-service company that protects mobile devices from hidden vulnerabilities. In April 2019, Oriient joined the ranks of Innovation Hub investments as a company listed under its Smart & Connected focus area. Oriient is a groundbreaking startup that offers GPS-like service indoors. In May 2019, Innovation Hub announced that it was investing in GreenCom Networks, an energy IoT company that has a flagship product, the Energy Information Brokerage Platform (EIBP), that creates revolutionary energy business models.
Since 2017, Innovation Hub has been a partner of the Free Electrons program, which takes place annually and allows startups in the field of energy to compete for a cash prize and the opportunity to work with 10 Global Energy Utilities (the Free Electrons consortium) for a year. The connection with Greencom Networks was actually made through this program, as Greencom was one of the 12 finalists selected out of 450 companies that competed.
News
Innovation Hub is an accelerator that never ceases to look for new partners and investments. In April 2019, Innovation Hub and F2 Capital pledged $4 million in seed funding to Oriient in order for the company to bring its product to world-leading retailers. In June 2019, Innovation Hub and Intertrust Technologies co-hosted Transforming Transformers, the first thought leadership conference on the convergence of energy and internet technologies. The conference was held in Dusseldorf and more than 200 guests attended to hear industry experts discuss the future of data-driven energy.
More Companies in Europe
Investcorp
Read about Investcorp, a leading international investment company with a strong presence in Europe. Discover more about the company’s geographical presence and some of its significant investments.
Index Ventures
Index Ventures is an international venture capital company that focuses on technology-aided companies.
Permanent TSB Group Holdings
Read about Prime Ventures, a European venture capital company with a strong focus on technology. Find out how the company was founded and read about its significant investments.
Prime Ventures
Read about Prime Ventures, a European venture capital company with a strong focus on technology. Find out how the company was founded and read about its significant investments.
Entrepreneur First
Entrepreneur First is an international investment company interested in helping people build technology companies.
Investors with Interest in Europe
Robert Wuttke
Read about Robert Wuttke, a German angel investor who has made several investments in the technology and energy trading industries.
Varun Dalal
Read about Varun Dalal, Indian born investor residing in Spain. Find out more about Dalal’s early life and education and his role at Telegraph Hill Capital.
Henry Gabay
Henry Gabay is a Swiss/Turkish businessman. He is a veteran global investment executive, founder and chairman of the London-based investment company Duet Group.
Ophelia Brown
Ophelia Brown is a British investor with a special interest in technology. Read about Brown’s early life and career and find out more about her most significant investments.
Thor Bjorgolfsson
Learn more about Thor Bjorgolfsson, the founder of Novator Partners and Iceland’s first and currently only billionaire.
Klaus Hommels
Klaus Hommels is a venture capitalist focused on early investments in internet businesses. Read about his ventures.
Thilo Konzok
Thilo Konzok is an entrepreneur and investor in the property software industry. Read about his early years, and find out more about his investments and ventures.
Pete Flint
Pete Flint is a British internet entrepreneur in San Francisco. He is the founder and CEO of Trulia real estate
Mark Bivens
Read about Mark Bivens, an entrepreneur, high-tech angel investor and cryptocurrency educator who has a broad range of investments throughout Europe and Japan. Find out more about his interests and activities.