Innogy Innovation Hub has doubled its portfolio value to €162m ($183m) after investing in more than 60 start-up companies last year, taking it to a total of almost 90. The investment is part of the company’s strategy to become one of Europe’s leading technology hubs, with an eye on attracting global businesses and investors looking for new ways to invest their money.
Innogy Innovation Hub has doubled its portfolio value to €162m ($183m) after investing in more than 60 start-up companies last year, taking it to a total of almost 90. The innovation unit of German energy giant Innogy invests in companies that are part of the transition to renewable power and provides them with industry knowledge, mentoring and access to its business network.