You're used to hearing us talk about the future of energy and how we see it as a system that includes energy, mobility and human-machine interaction. As energy is a world we know our way around, it's a good starting point to create something bigger.
That was the perfect premise for bringing together a group of operational businesses responsible from innogy's core business and founders of our portfolio start-ups. Why did we set up the first Portfolio Day? Because the more decarbonisation, decentralisation, digitalisation and democratisation come into play, the more new technologies like Artificial Intelligence, Blockchain, the Internet of Things or Augmented & Virtual Reality become relevant in co-creating this future energy system, where industry boundaries are already disappearing. innogy representatives were highly interested to take a deeper look into the Innovation Hub portfolio which now includes almost 60 investments.
There is now an existing portfolio that represents a wide range of solutions for the future energy system and beyond
The audience gained valuable insights into the Innovation Hub approach and how we want to co-create with start-ups and accelerate further to become an energy innovation platform through seed investments from the Innovation Hub and later stage investments from innogy Ventures. Thomas Birr and Jan Lozek, respectively CEO and CFO of the innogy Innovation Hub, presented an overview of the current Innovation Hub portfolio.
At the first Portfolio Day in Essen, we brought start-ups together with selected operational businesses responsible from various innogy areas, as this is usually the area of a corporation where innovation for the core business are desired and implemented. This way we bring together the relevant decision makers on both sides: corporate and start-ups in order to identify and define concrete business follow-ups. For our portfolio start-ups we deliver on our promise that they enter our network with access to our core business mothership. Todays´ Portfolio Day has proven that an exchange between start-ups can be as relevant for growing their businesses as landing spots into traditional business units seeking innovation and digital solutions.
Eleven start-ups from US, Israel, UK, Austria and Germany presented their businesses to the innogy businesses. Together with the 30 innogy representatives, they discussed how to make use of existing business ideas, as well as how to co-create new use cases for the benefit of innogy and the start-ups. The selected portfolio companies included Hopon, Libryo, Visualix, EWF, Basking, Insider Navigation, Holo-Light, gridX, Weeve, Aedifion, TechSee.