Innovation Ecosystem

• Energy Startup Ecosystem

Startups are a true symbol of innovation and creativity in businesses and industries and it seems core of new paradigms in the world move towards them.
In 2014, energy startups raised 10.8 million euros in venture capital, and in 2017 that amount rose to 113 million euros. The number of investment  rounds has also risen explosively in the past years, which represents the huge market of this area and its importance in the world. A startup ecosystem is formed by people, startups in their various stages and various types of organizations in a location, interacting as a system to create new startup companies.
These organizations divided into categories: universities, funding organizations, support organizations (like incubators, accelerators, co-working spaces etc.), research organizations, service provider organizations (like legal, financial services etc.) and large corporations. Different organizations
typically focus on specific parts of the ecosystem function and startups at their specific development stages. Each of these sectors plays a role in ecosystem. In this edition, we will focus on the accelerators in the world and after that Iran, as well as a study on create and develop Energy Startup Ecosystem in Iran. I-tech as Iran’s first energy specialist accelerator has been studying startup ecosystems around the world and 700 successful startups in energy sector over the past year to create the foundations of a startup ecosystem in Iran energy industry to import innovation by using cutting-edge technologies.

In this regard, with launch of various programs to accelerate the growth process of startups, use of strong Mentoring and investment networks and be link with innovation resources such as universities and science centers, has achieved creation of this ecosystem.