EuroQuity Blog

BlueInvest and Waves of Change join forces to introduce Blue Economy solutions on November 30th at 4:00 pm CET

BlueInvest and Waves of Change scouted five European companies that will be showcasing their innovative solutions.

BlueInvest and Waves of Change are delighted to present the 1st edition of the BlueInvest e-pitch session, which will be held online on November 30th at 4:00 pm CET

This session features European companies with innovative solutions related to Naval Electrification, Algaes, Shipping, Wave Bumper.

BlueInvest is an EU initiative to boost innovation and investment in sustainable technologies for the blue economy by supporting readiness and access to finance for early-stage businesses, SMEs, and scale-ups. It is enabled by the European Maritime and Fisheries Fund. The Waves of Change Forum is a non-profit association formed by entrepreneurs from the blue and green economy. Their goal is to raise awareness among the business and non-business communities on the challenges and opportunities of the blue economy, ocean tech, green tech and biomimicry, while promoting international collaborations in this field.

We hope to see you on Wed 30 November at 4:00 PM CET. 

Bound4blue - Shipping / MaritimeTech - Suction sails 
Suction sails to reduce the fuel consumption and emissions of merchant ships. First 2 installations of their technology on a fishing vessel and a general cargo ship (technology already developed and market fit); Largest suction sail ever installed and manufactured in the world; 3 additional agreements signed with well-known shipping companies such as Amasus Shipping and Louis Dreyfus Armateurs; More than 10 units will be deployed during 2023; More than 7 patents + 3 pending patents protect the technology; Winner of the Movin’On Challenge organized by Michelin Foundation, amongst other recognitions, and technology labelled as one of the 1000 solutions by the Solar Impulse Foundation - Founders recognized by Forbes 30 Under 30, MIT Under 35 and Princess of Girona Business Award. Customers: 5 | TRL: 8 | TAM: €82.0B | SAM: €29.0B | Series A | Next Step: Commercial Acceleration, Industralisation - Women (co)-founded - EUR 18.0Mn - Spain

ALGAESYS LDA - Aquaculture / Microelectronics / Semiconductors / Data centres - Attached growth phototrophic organism (algae and phototrophic bacteria) wastewater treatment for reuse 
ALGAESYS LDA harnesses natural algae & the power of the sun​ to deliver ​highly affordable circular solutions that protect the aquatic environment and provide water & energy security. First commercial plant sold in Indiana USA in 2014; Participation at the "Blue Bio Value" accelerator program in 2019; ALGAESYS LDA's incorporation in Portugal in 2020; In the process of registering Algaesys in Australia and the UK; Received seed funding from a Business Angel Investor; Awarded WEF Uplink Top Innovator for Circular Water Cities Challenge & received 2 "EU Seals of Excellence"; Partnership with FCC Aqualia SA for the municipal market for the Iberian Peninsular, with a demonstrator plant under construction. | Customers: 2 | TRL: 8 | TAM: €27.7 B global €12.7 EU | SAM: €300M | Next step: Industralisation , Proof of Scalability | Seed | B2B, B2G | EUR 1.5Mn - Portugal

Olenergies - Renewable Energy - Naval Electrification
Olenergies is an industrial startup that designs and manufactures innovative, high-performance, environmentally friendly and Artificial Intelligence optimised batteries in France. Their systems are designed to replace lead-acid batteries, to electrify carbon-intensive industries, especially the maritime sector, and to provide solutions to the intermittent nature of Renewable Energies. Turnover of 800k€; in 2022; Major R&D focus on the design and development of an Artificial Intelligence platform for remote and preventive maintenance of batteries. Customers: 100 | TRL: 7-9 | Turnover 2021 : 250Ks| MRR: 50Ks | Next step: Industralisation | Pre-Serie A| B2B | EUR 4.5Mn - France

Dutch Wave Power
 - Energy - Wave Energy Converter
Dutch Wave Power is an innovative developer of wave energy converter technology and strives for a sustainable future by making wave energy part of the energy transition in a cost-effective and profitable way. TRL 1-5 Laboratory validation (large scale tests Deltares, MARIN); Angel investor onboard; Patented; 14 days laboratory testing time award (40.000 euro value); Grants (25.000 euro). TRL: 5 | Next step: Proof of concept| Pre-Seed| B2B | EUR 200K - Netherlands

WAVE BUMPER - Ocean Reality -  Insurance, Urban Planning, Construction - Marine Data Science
Anticipating and mitigating marine submersion and coastal erosion risks. Partnerships: ESA, Allianz; Key accounts B2B: Hotel le Majestic, Paul Ricard, Eden Rock, SNCF; Key accounts B2G: Biarritz, Canet-en-Roussillon, Villeneuve-Loubet, Arcachon, Capbreton, Cannes, Saint-Barth; Awards: Climate-KIC, Blue Ocean; Labels: Tideline (Waves of Change), French Tech Customers: 20+ for WAVE BUMPER, 10 for OCEAN REALITY | TRL: 9 for WAVE BUMPER solutions, 6 for OCEAN REALITY | TAM: €5bn | SAM:€800m | Turnover 2021: €517,000.00 | Next step: Proof of Scalability, Industralisation  | pre-Serie A | B2B, B2G | | EUR 3.0Mn - France

Rédigé par Cristina Chumacero le Wednesday, November 30th 2022
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