Baker Hughes Energy Ideas Generation Program

They are looking for startups that can provide unique and disruptive physical, digital or phygital solutions that could contribute to their journey towards clean, safer, and more efficient energy for the people and the planet.

Now is time to act, and they believe that your startup could be the key to unlock a sustainable future. Join them as they harness the power of technology to make a positive impact on the planet and lead in a new era of energy transition.

• Emissions control and abatement
• Carbon capture utilization and storage
• Clean power production
• Hydrogen production, transport, storage and utilization
• Industrial energy efficiency solutions
• Decarbonization of electricity, heat and mechanical power
• Long duration energy storage
• Industrial power electronics devices and systems
• Waste heat recovery in industrial processes and power production
• AI solutions for industrial applications
• Innovative turbomachinery solutions
• Digital industrial asset management
• Other innovative solutions in industrial and climate technology

Aim

• Baker Hughes is the leading energy technology company that designs and manufactures transformative technologies that take energy forward. The aim of the Energy Ideas Generation Program is to support the european early stage startups in the energy verticals in order to build together the technologies of tomorrow.

What you will get?

• The Program provides support to startups with various initiatives and services:
  • 35k euros grant as financial contribution and reimbursement of travel expenses.
  • Technical support by Baker Hughes’ innovation experts:
    • Weekly one-to-one Mentoring Session
    • Extended Mentoring Sessions with internal Subject Matter Experts
  • Business mentoring provided by Nana Bianca’s professionals
    • One-to-one meetings with Sales & Marketing and UX/UI experts
  • Support by Nana Bianca’s investment team that will help and follow the startups up to the first round (series A).
  • Workshops and events with Baker Hughes and Nana Bianca.
  • Dedicated desk for the selected teams in Baker Hughes HQ in Florence.

Who can apply?

• The Energy Ideas Generation Program is mainly open to early stage startups. Their main focus is on startups under 3 years old, generally pre-seed stage with a prototype or at the initial pilot stage operating in the energy sectors and looking to refine their value proposition. They are also open to evaluate startups at higher stage in case of particular technology value.

Selection Criteria

• The eligibility requirements are the following:
  • Quality of the team: skills relevance, complementarity, expertise and market knowledge.
  • Value proposition: existing prototype or MVP, unfair advantages, initial traction (actual customers or potential customers).
  • Market dynamic: Market size, market dynamics and maturity.
  • Fit with the program: relevance with specific Baker Hughes business lines, maturity of the company (pre-seed / seed stage looking to prepare a first fundraising), capacity and willingness to question current value proposition and strategy.

For more information, visit Baker Hughes.