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IMI-X Electrification Challenge
Together we can solve problems faster
Our goal is to accelerate decarbonisation through Industrial Electrification.
Your start-up has a great idea for solving a real problem in this area but needs support to make it a reality.
You have great ideas. We have scale and resources. Together we can solve problems faster.
IMI-X Electrification Challenge is now closed for applications but more challenges will be on their way!
IMI-X Challenge Areas
Switching from fossil fuels to electrical power
How do you propose to build on existing technologies, and create compelling reasons for industry, to speed up the switch from using fossil fuels to an electrical solution in the temperature range below 400C?
Solutions for energy storage and recovery
Submit your innovative solutions for converting and/or storing energy generated in industrial processes, that might otherwise be wasted, so it becomes a flexible and usable energy source
Energy efficiency in industrial plants
What ideas are you working on to modify existing equipment or use digital tools to reduce energy consumption and costs in industrial plants?
Hybrid electrification solutions
Tell us about your solutions for hybrid or dual sets ups that will allow industry to start embracing electrification without the cost and risk writing off existing capital equipment.
IMI-X Electrification Challenge is now closed for applications but more challenges will be on their way!
The IMI-X Offer
- Engineering support
- Supply chain access
- Manufacturing capability
- Project management expertise
- IMI brand credibility and backing
- IMI customer access and commercial support
- £30k IMI testing and development funding
- Opportunity for ongoing collaboration with IMI
About You
- You are a dynamic start-up or founder
- You have a hardware based MVP (minimum viable product) to solve a specific industrial electrification problem
- Your solution could be brought to market within 12-24 months
- You already have at least a small team working on this project
- You have already created a prototype or proof of concept
- You already have potential customer interest
- The market share available to you is worth at least €50m
Application Process
IMI-X Electrification Challenge is now closed for applications but more challenges will be on their way!
The Successful Outcome
Successful applicants will become part of the IMI-X Electrification Accelerator Programme. You will receive £30k funding to test and develop your proposition, over a 2 month period, before re-pitching for ongoing collaboration, enabling you to scale and support your solution bolstered by IMI Critical’s full range of resources.
The pitch deck submitted will help us to evaluate the potential of a future business relationship or collaboration opportunity between you and IMI. IMI is committed to treat your confidential information with the same degree of care as IMI’s own confidential information. Therefore, unless the information you provide is or becomes part of the public domain, was already in IMI’s possession, was received by IMI from an unaffiliated third party or independently developed by IMI, IMI will not use or disclose your confidential information except to the extent that this is necessary for us to evaluate the potential of a future business relationship.
In order to facilitate the next stage of discussions we will provide the successful applicants with a mutual Non-Disclosure Agreement and a draft agreement for future collaboration between you and IMI. Both agreements will be sent to you as a draft and we are happy to review and discuss those agreements with you.