innogy launches in Israel and offers a start-up competition

At Tel Aviv’s Socca Venue, innogy welcomed more than 200 guests to the innogy Israel launch event, including the German Ambassador, Dr Clemenz von Goetze, other corporates (ENEL, Siemens), and a lot of venture capital investors and start-ups.

Inken Braunschmidt, innogy´s Chief Innovation Officer and Mickey Steiner, Managing Director of innogy Israel Ltd were joined by the Israel Innovation Outpost team, colleagues from the innogy Innovation Hub, Thomas Thomas and Veronique Hoerdemann from innogy Ventures to talk about innogy’s role within the Israel innovation ecosystem and the available opportunities to collaborate with start-ups.

innogy in Israel

Since establishing an RWE outpost in Israel two years ago, which consisted of only one person, innogy Israel has grown and now has a team of four people. This growth reflects the great attractiveness of the Israeli ecosystem in terms of innovation, original thinking and deep technology. Currently innogy’s focus has changed from idea and thechnology scouting to a search for exciting new ventures – in order to find opportunities to develop businesses locally and establish them in the German and European market.

innogy has a great deal to offer to the Israeli ecosystem and to start-ups as a strategic partner. Apart from providing corporate venture capital for exciting new ideas, innogy can also enable the development of “proof of concepts” in cooperation with its current business partners and 23 million customers. On a wider level, innogy also provides access to the thought leadership on energy, as well as being a gateway to Europe.

New start-up competition

In order to demonstrate the new approach, Andreas Waning, innogy’s “Smart and Connected” Lighthouse Lead, announced a new competition to encourage ideas and cooperation from the Israeli entrepreneurial and start-up community.

This challenge addresses two areas of technology that Israel is already leading in a worldwide comparison:

  • Safety & Security - although innogy currently offers some applications, the aim is to go much further: the objective is to find “Internet of Things” solutions that can provide comfort and peace of mind to our customers, whether they are at home or away.
  • Building Automation - 80% of all buildings provide no transparency on activities and costs. innogy is looking for new sensors and algorithms that enable facility managers to manage buildings more effectively.

The competition will last four weeks until 17 January, when the start-ups with the best disruptive and innovative ideas will be selected to present their projects. The prize on offer is a seven week lean test at the innogy Innovation Hub.

If you would like to have more information about the innogy Israel innovation competition, please contact