FINANCING METHODS FOR INNOVATIVE START-UPS IN THE DOMAIN OF NONCONVENTIONAL ENERGIES

Abstract

Among the investments with the most impact on the society, there are the firms working in the nonconventional energies domain. However exciting this domain is, starting up such a firm is not an easy task. The innovation can be supported out of public subscriptions or through specific financing programmes. This article refers to a start-up in the field of renewable energy (producing wood pellets and briquettes) and its appliance for a EU grant for innovative start-ups. There are discussed the methods of financing, the firm, the project (mainly its objectives and activities), a market analysis and the expected innovative output. Also, there are discussed the rules to be followed when writing a project for accessing innovation grants.