Global Business Innovation Programme with the USA : InsurTech
Offering innovation-driven businesses the chance to explore collaborative opportunities with Israel relevant to Renewable Energy
The Renewable Energy Global Business Innovation Programme (GBIP) with Israel is a funded offering organised by Innovate UK as part of UK Research and Innovation (UKRI) and delivered by Innovate UK EDGE to help innovative UK businesses explore global opportunities to grow and scale.
The GBIP is a structured three-phase programme consisting of - (1) get ready for the market, (2) visit the market and (3) exploit the opportunity. The GBIP is designed to provide you with valuable insights to gain detailed market knowledge, introductions and cultural benefits to enable you to effectively access a market with new collaborations and partnerships, which businesses would find challenging to obtain by themselves.
You will have a designated Innovate UK EDGE innovation and growth specialist to provide invaluable wrap-around support for the duration of the offering and who will help your business maximise the opportunities identified, including developing innovation projects with partners in the territory.
Why take part in our GBIP with Israel?
Israel is home to a dynamic community of renewable energy innovators. The renewable energy industry in Israel is growing rapidly and is attracting international players to establish research partnerships. The Israeli energy market is changing at a pace and poses opportunities for innovative solutions that have applicability worldwide.
The programme will support the development of collaborations between UK businesses and Israeli partners to take advantage of future
collaborative activities.
In addition, the programme will include a visit to PLANETech World 2023, a global exhibition for climate tech innovators showcasing Israel as a world centre for climate change technologies. PLANETech is a joint venture of the Israel Innovation Institute, Consensus Business Group and the Israeli Ministry of Environmental Protection.
We are looking for businesses that focus on delivering solutions for renewable energy in Israel and UK SMEs in Renewable Energy, including:
- Energy systems integrating solar
- Local energy systems, including storage
- Clean fuels for transport and industry, including hydrogen
Israel is a growing market for renewable energy solutions due to strong national commitments to developing the renewable energy market. For example:
- The Environmental Protection Ministry has published an Energy Roadmap which proposes the generation of 42% of Israel’s electricity from renewable sources by 2030. This would require the installation of 18-23GW of solar panels along with 5.5GW / 33GWh of storage capacity
- The total potential for solar PV installation is estimated at 26GW, including 24GW on building roofs and facades, parking lots, industrial areas and water bodies, and 2GW from solar generation located over agricultural crops (agri-solar)
- The Roadmap also recommends the creation of a regulatory framework for managing distributed renewable energy, storage systems and for virtual power plants (VPPs) to manage 100MW of renewables and 50MW of storage
- Mobility is undergoing rapid electrification. From 2030, residents of Israel will no longer be able to buy petrol or diesel cars
Key Programme Dates
Who is this GBIP best suited for?
If you are an innovative UK business looking to explore international partnership opportunities to help bring your ideas to commercialisation or may have a new technology, service, process or supply chain model which could be of interest to Renewable Energy in Israel to help achieve their energy climate goals - then this programme is for you.
Suitability:
- Be registered in the UK
- Small or medium-sized business (can have up to 500 employees)
- High-growth innovative businesses with ambitions for global growth
- Senior decision-maker or CEO in the company should attend
Businesses must directly benefit from participation in the programme and have the necessary resources to articulate their objectives and ambition for participation clearly.
Innovate UK is committed to ensuring that anyone from any background has an equal opportunity to be successful. We welcome applications from underrepresented groups and will do our utmost to make reasonable adjustments.
Places will be allocated based on those businesses most aligned with this suitability criteria.
What is the cost?
Innovate UK and Innovate UK EDGE will fund and organise flights, accommodation, in-market travel, and conference fees for successful applicants. They will also pay for any reasonable adjustments throughout the initiative.
Only one representative from each company will be funded. On acceptance of the initiative, a commitment fee of £500 will be obtained from each delegate, which will be refunded on completion of the full activities and an agreed action plan. Non-completion after formal acceptance may result in forfeiting some or all the commitment fee.
How can you apply?
Please click the 'Apply Here' button at the top or bottom of this page to submit your application. The online application takes approximately one hour and must be completed and submitted in a single session. To facilitate the process, we have created a Word document, which you can download and pre-populate with your answers. You can then paste these answers into the online form and submit your application. To download the Word application form, please click here.
The application deadline is Monday 10 July 2023 at 5pm.
The Global Business Innovation Programme has a competitive two-stage application process where only the best applications will be successful following an evaluation process. Applicants who pass the first stage of the application process will be notified on Tuesday 18 July 2023. Successful applicants will then be invited to a short interview for the second stage on Wednesday 26 July and Thursday 27 July 2023.
All applicants will be notified of the outcome of their application by Monday 31 July 2023.
Please note due to high demand, our application process is highly selective. We strongly encourage you to apply as soon as possible. If successful, participants must attend all stages of the GBIP. Please also note we will not be able to provide individual application feedback.
COVID-19 safety measures and travel restrictions
The safety of our delegation is our top priority. As the public health guidelines and laws concerning COVID-19 and associated variants continue to change, we will work with local health authorities to follow the health and safety guidelines in place for Israel at the time of the programme.
Successful applicants will be expected to fully comply with any conditions of travel to Israel at the time of travel, as well as any local regulations on face covering and social distancing. As such, you might be required to provide proof of vaccination and/or a negative COVID-19 test before travelling to Israel. You must have valid travel insurance covering any COVID-19 aspects.
Contact us
Have a question about the event? Email our team at event.enquiries1@innovateukedge.ukri.org
