Key Takeaways:
- The European Startup Prize (EUSP) is a major EU-founded award and acceleration programme targeting startups focused on sustainable mobility solutions.
- EUSP was co-founded by Karima Delli(now chairing the European Parliament’s Transport and Tourism Committee) Jean-François Dhinaux, and Sophie Bailly. It operates in collaboration with major institutions like the European Parliament and Commission.
- In response to the Covid-19 economic fallout, the 3rd edition of EUSP has implemented a unique Reinvestment Plan to better cater to the needs of startups by accelerating their investment process with EU partners.
In a bid to speed up the transition towards sustainable and clean mobility, The European Startup Prize was initiated—an EU Award and Acceleration Programme catering to startups offering innovative sustainable mobility solutions. Located in Paris, France, this CleanTech, Hardware, Innovation Management, and Renewable Energy-focused initiative annually recognizes, aids, and accelerates the top 10 promising European startups operating in the sustainable mobility domain. EUSP is a celebrated public-private initiative with influential co-founders from the European Parliament’s Transport and Tourism Committee and corporations such as the Boston Consulting Group and Via ID – Mobivia.
The EUSP’s landmark initiative and efforts in this sector have attracted support from significant institutions such as the European Parliament and the European Commission, along with notable corporations like ADP group, GRDF, Europcar Mobility Group, and RATP group. With this strategic coalition, EUSP is not only championing the cause for sustainable mobility but also fostering the shift from conventional to clean energy-based transportation systems in Europe.
The European Startup Prize’s pioneering approach of accelerating the growth of startups in the sustainable mobility sector is what sets it apart. It does so by providing resources to scale up in Europe, thus bridging the gap between innovative solutions and their hands-on application. Furthermore, the EUSP is agile – the 3rd edition of EUSP witnessed the implementation of a novel Reinvestment Plan designed to meet the altered needs of startups in the aftermath of the Covid-19 crisis. This was accomplished by providing a fast track for investment with its EU partners, such as the European Investment Bank, the EIT Urban Mobility, and the EIT InnoEnergy. Such an approach testifies to EUSP’s adaptability and commitment to bolstering sustainable mobility innovations.
Also, the EUSP, by annually acknowledging and assisting promising startups, provides them not only significant visibility but also facilitates substantive growth by catapulting their innovative solutions into the mainstream, thereby propelling the entire industry towards sustainability. The fact that it does so with the backing of influential stakeholders adds significant credibility and gravitas to the startups recognized by this programme.
As Europe gears up to combat climate change and to propel sustainable alternatives in every industrial sector, CleanTech initiatives such as the European Startup Prize will play a pivotal role. The future of sustainable mobility in Europe looks brighter with a strong supporter like EUSP nurturing and boosting the growth of companies that are inventing and scaling solutions to make mobility clean, efficient, and sustainable. The EUSP’s strategic support to innovative startups is indeed shaping the future of sustainable mobility in Europe.
Find out more about the European Startup Prize by visiting their website, and stay updated via their social media channels: Twitter, Facebook, and LinkedIn.
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