EIC Innovation Council Grant first negotiations

The process to sign the EIC Grant is on the way. EIC and ZIGRID is now in the process to finalise - and hopefully - soon sign the 2,5 MEUR Grant. When the Grant is signed, ZIGRID can accelerate. Accelerate is simple word - but for us - it means a lot...

The process to sign the EIC Grant is on the way. EIC and ZIGRID is now in the process to finalise - and hopefully - soon sign the 2,5 MEUR Grant. When the Grant is signed, ZIGRID can accelerate.
Accelerate is simple word - but for us - it means a lot...

👉 we will grow our company with new colleagues and competencies
👉 we will finalise the development of our power module
👉 we will test and fine-tune our ZIGRID-as-a-Service business model
👉 our 6-months long pilot will prove our technology
👉 we will prepare for production and market launch

All of this will happen the coming two years, but we admit - the first few days we sat down, caught our breath and let the good news sink in.

EIC decided for ‘Grant first’, which means that ZIGRID also have an option for an equity part. Here, EIC may choose to activate the option to also invest in ZIGRID. This will be evaluated as milestones are reached.

So keep an eye open for Team ZIGRID, we expect to have a lot to tell while we ‘Shift Waste Heat from Problem to Power’.