A new business support programme for energy storage companies within North-West Europe launches next month. The STorage of Energy and Power Systems (STEPS) Business Support Programme will support small to medium-sized enterprises (SMEs) in bringing their energy storage solutions to the market. As part of the Interreg North-West Europe (NWE) programme, the STEPS project aims to strengthen the collaboration and competitiveness of businesses in the region and lead NWE to the forefront of energy storage innovation.
The STEPS programme will support 40 businesses through a competitive voucher programme that offers €12,5k worth of assistance from leading universities to each business free of charge. Additionally, 20 of these companies will receive expert support worth €50k each to demonstrate their technology at regional end-users (testbeds) throughout North-West Europe.
The programme combines business support and knowledge partners from Ireland, the Netherlands, Belgium, Germany, and the United Kingdom to strengthen the competitiveness of innovative energy storage solution providers in North-West Europe (NWE).
STEPS offers SMEs a user-centric, demand-driven approach to bring their products closer to the market through tailored testing. Specifically, knowledge and business partners will advise e-storage SMEs on entering new markets in North-West Europe, engage with potential end-users, and increase the awareness of solution providers. STEPS will also connect end-users with providers of new e-storage solutions via a business support programme to increase their technological readiness level (TRL) through real-life testing.
The opportunity for SMEs to demonstrate their solutions at a real end-user allows businesses to showcase and develop their e-storage solution, empowering them to scale up and grow their innovation. Additional expert advice on legal, market, and business models will help SMEs reach new customers and successfully grow their business. Through the STEPS programme, energy storage innovators in North-West Europe will solve local challenges and boost their competitiveness in the global market.