Ideas on their own cannot change the world. But, backed up by investment, engineering and manufacturing capabilities, knowledge, and proven routes to market, ground-breaking ideas can be brought to life and scaled for success.
IMI Critical Engineering believes in breakthrough engineering for a better world and have announced the IMI-X Electrification Challenge.
The IMI-X Electrification Challenge is an accelerator programme created to combine the entrepreneurial capabilities of start-ups with the scale and resources of IMI.
Bringing two worlds together to solve industry’s toughest problems.
We are looking for start-ups or founders who have identified workable solutions to customers’ Industry Electrification problems but cannot bring those ideas to life on their own.
Working in partnership with entrepreneurial founders, IMI-X aims to turn those workable ideas into reality, contributing to the global decarbonisation goal of net zero within the next two decades.
To apply for this challenge, submit your pitch by email to [email protected]
Industrial Electrification 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.
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 of your solution and have concept date
You already have potential customer interest
The market share available to you is worth at least €50m
The IMI-X Electrification Challenge Offer
IMI Critical Engineering can provide approved projects with:
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
Application Process Timelines and Deadlines
By 22 March 2022 – Submit your pitch deck, and how you see IMI contributing to your idea’s success
By 31 March 2022 – You’ll be notified if you have been chosen to pitch your idea in person
5 April 2022 – Face to face pitch and up to 5 successful applicants chosen
12 April 2022 – Co-creating workshop with the IMI team to create the 2 month development, testing and delivery roadmap and ways of working parameters
12 April 2022 -14 June 2022 – Idea testing and development cycle and creation of proposal for ongoing collaboration
14 June 2022 – final pitches to IMI panel and feedback given. Ongoing path defined for projects where continued collaboration is agreed to be of mutual benefit.
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 Engineering’s full range of resources.
Apply now to be part of this challenge.
Submit your pitch by email to [email protected]