Energy Research Capital (SpeedUp Energy Innovation) – Expansion CVC Fund Grant
In context
This call is open to startups and small and medium-sized businesses, at Series A and Series B and growth stage. Funding is an equity investment of Up to $1,250,000. Coverage is read from the notice itself: Poland and the European Union.
A CVC fund jointly managed by PGE Ventures, Polski Fundusz Rozwoju, and SpeedUp Group that invests €500k–€750k in expansion-phase energy startups, with follow-on capacity up to ~€1.25m. The fund targets cleantech and energy innovation companies ready to scale beyond prototype/pilot stage.
About this grant
PGE Ventures is a Corporate Venture Capital fund established within the PGE Group that invests in energy sector startups across all development stages from pre-seed to expansion. The fund supports young entrepreneurs with financial investment, access to advanced research and development infrastructure through established partnerships, marketing support, and business knowledge transfer. The Energy Research Capital (SpeedUp Energy Innovation) Expansion CVC Fund is a joint initiative created with the Polish Development Fund (PFR) and the SpeedUp group, specifically targeting startups in the expansion phase. The fund leverages financial mechanisms from external programs including PFR Ventures and NCBiR alongside dedicated internal resources for projects with strategic significance to the PGE Group.
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Eligibility
Startups in the energy sector are eligible to apply. The Expansion CVC Fund specifically targets companies in the expansion phase of development. The fund accepts applications from early-stage ventures through to growth and expansion phases, with particular focus on projects that align with the PGE Group's value chain and strategic priorities.
Key requirements
- ✓Expansion-phase energy or cleantech startup
- ✓Cheque size €500k–€750k (follow-on up to ~€1.25m)
- ✓Likely based in or operating in Poland/EU (joint PGE/PFR structure)
- ✓Focus on energy innovation and decarbonisation pathways
Funder contact
The notice names a programme contact you can speak to before applying.
Frequently asked questions
- How much funding does PGE Ventures offer?
- Energy Research Capital (SpeedUp Energy Innovation) – Expansion CVC Fund offers up to $1.3M.
- Who can apply for Energy Research Capital (SpeedUp Energy Innovation) – Expansion CVC Fund?
- Eligibility covers organisations in PL, EU; startup, sme. See the eligibility criteria above for the full conditions.
Relevant sectors
How this compares
- Compared with 8 similar grants (renewables in Poland) listed in the last 12 months.
- The same organisation listed 5 other similar grants here in the last 12 months.
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About this sector
Renewable energy funding covers solar, wind, hydropower, geothermal and bioenergy, from early research to grid-scale deployment. Public money tends to back demonstration, grid connection and access to energy in emerging markets, while procurement notices buy installation, operation and maintenance. Calls often ask for proof of resource assessment, permitting progress and local partners.
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