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Malta Business Review SUSTAINABLE ENERGY Maltese companies can still apply to the EIT InnoEnergy Investment Round 4 October marks Maltese cleantech innovators’ last chance to apply for 2018 funding EIT InnoEnergy, Europe’s sustainable energy engine supported by the EIT, today announces the cut-off date for applications to its 2018 Investment Round for supporting revolutionary, cleantech and sustainable energy innovations. Maltese innovators looking for investment before the end of the year must apply by 4 October to receive their support in time. The Investment Round – what is it for and for whom? The Investment Round targets SMEs with proven technology concepts that will transform the future of energy in Europe. Since launching the Round in 2011, EIT InnoEnergy has invested €190 million in projects spanning eight technology areas across Europe – resulting in €3 billion of forecasted sales. Companies from France, Scandinavia and Benelux have already been successful in securing funds – and this could be Malta’s year for success. On top of funding, EIT InnoEnergy offers applicants a trusted and proven, collaborative innovation platform and access to an energy innovation ecosystem of more than 385 industry partners from across the mix of sustainable energy solutions. Where are the needs to support SMEs in the energy innovation sector? “InnoEnergy considers commercialization as a priority business need of small and medium enterprises when carrying out an innovation project. Besides, it is extremely important to shorten time to market, products internationalization, to scale business activity up and to get an access to de-risked, predictable financing. That is how the current needs of SMEs in the energy innovation sector look like,” says Marcin Lewenstein, Innovation Officer in InnoEnergy Central Europe. • Product commercialisation EIT InnoEnergy task is to identify and enable access to partners who help them define and provide them with access to their target group when launching a new solution. Using the support, it is possible to accelerate a moment of the products start. • Scaling up and industralisation Starting with a large-scale production is one of the phases that requires more investment. EIT InnoEnergy provides knowledge and help avoid common mistakes that might hinder the industrialization process. • De-risked, predictable financing In general, projects financed by EIT InnoEnergy require a development in technology or prototypes, so the economic investment is high. Cooperation with EIT InnoEnergy enables quick funding activation and efficient process of innovative product implementation. Apply Now Jakub Miler, CEO of EIT InnoEnergy Central Europe says: “It is our mission to accelerate the clean energy transition in Europe. So, we are identifying, investing in and partnering with the very best and brightest innovators in the sector to help them scale-up, reduce their time to market and ultimately commercialise their technology. “And I mean true partnership. We go beyond the mere contribution of cash to help our partners grow. Not only do we provide access to Europe’s leading network of cleantech and sustainable energy expertise, but we provide sustained support through marketing and other value-building services.” Businesses can find out more about the Investment Round, including how to apply, via this link. * * * More about InnoEnergy InnoEnergy is a fund investing in solutions in the area of energy, cleantech, mobility and broadly understood smart technologies. Through knowledge, financing and network of contacts, we support the commercialization of products and their introduction to international markets. InnoEnergy is present in forty countries, where we cooperate with more than three hundred partners - the largest industrial concerns, leading research and academic centers and innovative entrepreneurs, investing about € 100 million annually in solutions that increase the competitiveness of our economy thanks to cleaner, better and more efficient technologies. During seven years of operation, InnoEnergy has invested in innovative projects with a total value of € 2 billion. Thanks to our support, eighty products have hit the market so far. MBR Creditline: InnoEnergy Creditline: WebiMax 52
WORK STRESS Malta Business Review With Job Stress Skyrocketing, James Arthur Ray Helps Workers Turn Swelling Workloads into Opportunity By Greg Adomatis There once was a time when the operative word in “day job” meant that it was just something we did to earn a paycheck while the sun was out. Slowly, work-related tasks started creeping into our lives outside of office hours. Now it’s the norm to take calls, respond to emails and generally lend a hand long after you’ve left work for the day. Blame technology as well as employers all too happy to see their workers knock out work-related tasks from home. It’s no wonder then that we’re all so stressed, says leadership and performance advisor James Arthur Ray. According to a July 2018 article from the New Zealand Herald, 30 percent of workers employed by firms with more than 50 employees reported heightened stress and anxiety. “A growing number of smaller businesses were also recording longer hours – rising from 8.1 percent in 2014 to 22 percent in 2016,” the newspaper adds. The United Kingdom-based Business Matters magazine states in a July 2018 article that “48 percent of British workers do little or nothing at all to relieve work stress.” Gallup tells us that 72% of workers surveyed in a variety of countries around the world report to be disenchanted, stressed and unfulfilled in their daily work. And those number might be conservative given that not all people surveyed are completely honest with themselves or the interviewer. Add it all up and you’ve got discouraged, disenchanted -- and maybe even disgruntled -- employees. It’s natural to be a bit overwhelmed with work from time to time. However, James Arthur Ray is giving individuals, both business owners and leaders as well as employees, the tools they need to hone their grit via a growth mindset. James Arthur Ray says overwhelmed workers can thrive in stressful circumstances. Here’s how… • By adopting a “growth mindset” and realizing that your natural talents are merely a starting point, you’ll begin to view the future as a place for movement and improvement. “The person with a growth mindset sees everything, even when uncomfortable, unflattering, undesirable, painful and frightening, as input for further development, advancement and growth,” says Ray. • See a better future for yourself. From this starting point, the optimist who believes that they can develop the grit required to push forward in daily life is going to take small setbacks in stride. With the willingness to sacrifice for a cause and calling far beyond your own personal needs, the day-to-day stressors are tests for something greater. Afterhours work is here to stay. It’s up to you to update your perception of such tasks and turn them into an opportunity for personal growth. When you find your purpose and cause versus just a career, your world shifts. "A growing number of smaller businesses were also recording longer hours – rising from 8.1 percent in 2014 to 22 percent in 2016 James Arthur Ray is a New York Times bestselling author and has reached more than 1 million people via keynote speeches, events and retreats. He has been featured on national media outlets such as Fortune magazine, People magazine, Huffington Post, Larry King Live, Piers Morgan, the Today Show, CNN and Oprah. MBR Creditline: WebiMax Creditline: WebiMax www.maltabusinessreview.net 53
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