ProspectSV Announces Partnership with European Innovation Catalyst, EIT Climate-KIC

SAN JOSE, Calif., March 18, 2019 /PRNewswire-PRWeb/ -- Cleantech innovation hub, Prospect Silicon Valley (ProspectSV), has announced their partnership with EIT Climate-KIC, Europe's leading climate innovation initiative. This strategic partnership will build an alliance between California and Europe and help address climate change through innovation and entrepreneurship. Both organizations are committed to this effort by supporting innovations to reduce GHG emissions through clean power generation, energy storage and energy efficiency.

Established in 2010, under the European Union via the European Institute of Innovation and Technology (EIT), EIT Climate-KIC uses creativity and human ingenuity to bring together small and large companies, scientific institutions and universities, city authorities, and other public bodies to work on innovation and to adapt to its unavoidable impacts. Neil Walmsley, Business Development and Partnerships Lead at EIT Climate-KIC said, "we look forward to working with ProspectSV and to strengthen our ties to Silicon Valley's innovation ecosystem and to forge a strong alliance with the State of California in support of trade and job creation in the cleantech market."

ProspectSV has established itself as a valuable resource for partners and innovators in cleantech because of its unique network of startups, public and private sector organizations, academia, investors and subject matter experts. Based in San Jose, CA, ProspectSV will offer access to its diverse ecosystem in support of bridging the two communities.

This partnership will link EIT Climate-KIC to the Silicon Valley innovation hub and create new possibilities with the European Union, extending the reach for existing startups to make an impact. "We are pleased to have this opportunity to work with EIT Climate-KIC to establish strong ties with innovation communities in the European Union for the bilateral transfer of knowledge and technology," said Ruth Cox, CEO of Prospect Silicon Valley.

About ProspectSV:
ProspectSV is a nonprofit cleantech innovation hub that focuses on advanced mobility and energy solutions for urban communities. By collaborating with key partners and providing resources for entrepreneurs in the field, ProspectSV is working to improve urban sustainability. ProspectSV provides technical insight, connections to partners / investors, pilot opportunities, and access to their Technology Demonstration Center and test beds. The organization has shown their commitment to innovative technologies and the business models that support them. ProspectSV has provided support to over 25 startups that have raised close to $200M in follow-on funding and helped raise more than $80M in grant funding for demonstration projects. For more information visit http://www.prospectsv.org or follow on Twitter, LinkedIn, and Facebook.

About EIT Climate-KIC:
EIT Climate-KIC is the EU's largest public private partnership addressing climate change through innovation to build a zero carbon economy. The organisation addresses climate change across four priority themes: urban areas, land use, production systems, climate metrics and finance. Education is at the heart of these themes to inspire and empower the next generation of climate leaders. EIT Climate-KIC runs programmes for students, start-ups and innovators across Europe via centres in major cities, convening a community of the best people and organisations. Its approach starts with improving the way people live in cities. The organisation's focus on industry creates the products required for a better living environment. EIT Climate-KIC looks to optimise land use to produce the food people need. EIT Climate-KIC is supported by the European Institute of Innovation and Technology (EIT), a body of the European Union. For more information visit http://www.climate-kic.org.

SOURCE ProspectSV