Eight winners of the Entrepreneurs Fund's fifth call for proposals

06.07.2016

Fundación Repsol has announced the names of the four projects and four ideas chosen to be part of the Entrepreneurs Fund. This initiative, now in its fifth edition, is an incubator which aims to provide support for the best entrepreneurial projects that provide innovative energy and energy efficiency solutions.

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Antonio Brufau, chairman of Repsol and Fundación Repsol and Ignacio Egea, vice-president of Fundación Repsol with the selected startups of the fifth call of Entrepreneurs Fund Fundación Repsol.

The awards ceremony took place at Repsol Campus and was presided over by the chairman of Repsol and the Fundación, Antonio Brufau, and the vice-chair of Fundación Repsol, Ignacio Egea.

The winning projects and ideas have been selected from over 200 proposals received for the fifth intake of the Entrepreneurs Fund. After a rigorous assessment and selection process, the expert panel of judges chose the best projects and ideas from a group of 12 finalist proposals.

The projects beginning their incubation process will receive economic support of up to €288 000 over a maximum period of two years, and the ideas will receive €24 000 across one year for their development. There is a team of tutors, technical and legal assessors, and the training adapted to the teams' needs at their disposal. In addition, they will be able to make use of the Repsol Technology Center facilities and the infrastructures of a leading energy company such as Repsol.

Selected projects and ideas

The selected projects and ideas stand out for their high level of innovation and seek greater energy efficiency in different fields of action, ranging from generation and production of energy to its distribution and final use.

The Entrepreneurs Fund has two support categories: business projects and ideas that require a development process and are awaiting validation of the proof of concept.

The selected proposals for each category are as follows:

Projects

Fuelium: batteries made from ecological paper and biodegradable materials.
Gnanomat: graphene nanomaterials to optimise energy accumulators.
SiTerm: high precision thermoelectric microsensors to detect variations in gas flow.
ThERS: electricity generation using the heat of exhaust fumes.

Ideas

Aladyn System: wireless electrical energy transfer system.
Muon systems: muon tomography for the preventive maintenance of industrial ovens and boilers.
Pure/T: Terahertz technology to improve oil refining processes.
Sweet Generator: an industrial waste water treatment method which generates electricity.

The Entrepreneurs Fund in figures

As part of our commitment to a more sustainable future for energy, Fundación Repsol launched the Entrepreneurs Fund in 2011 with the aim to support the best technological solutions in the energy and energy efficiency fields. After five years, they have incubated 32 startups, investing and financing over €11 million.

The 35 new patents granted and the 13 companies who already have a turnover are some examples of the successes achieved by the Entrepreneurs Fund incubated projects.