07 Mar UC Berkeley, power company Enel launch innovation hub
Reposted from Berkeley News
By Brett Israel | Media Relations | March 7, 2017
The UC Berkeley campus has a new innovation hub that is the result of a partnership between Enel, a multinational power company, and the Center for Information Technology Research in the Interest of Society (CITRIS) and the Banatao Institute.
“Together with these public and private partners, we are shaping the future of technology transfer in ways that cross traditional boundaries,” said Costas Spanos, the director of CITRIS and the Banatao Institute.
The Enel Innovation Hub will scout startups to work with the Enel Group, developing business projects with the fledgling companies both in the United States and internationally, while also providing them with access to a potential market of more than 30 countries. One of the aims of the hub is to provide U.S. customers with energy management and storage solutions that maintain the country’s grid stability and make it less prone to outages.
Startups selected to work with the Enel Innovation Hub will receive technical and business support so that they can go to market in the shortest time possible and will be mentored by Enel experts. An innovation manager from Enel will oversee the hub and will be a point of contact between all the startups working at the hub and Enel’s startup networks in Israel, Brazil, Chile and Europe.