Enel Innovation Hub News
5 articles
growth-positive
Mastercard and Enel X Win Right to Establish New Fintech-Cybersecurity Laboratory with $3.7 Million State Funding
Mastercard and Enel X have won a tender to establish a new fintech-cybersecurity laboratory in Beer Sheva, Israel. The laboratory will be funded by the Israel Innovation Authority, the National Cyber Directorate, and the Ministry of Finance, with NIS 13 million ($3.7 million) in funding over three years. It aims to assist entrepreneurs and startups in reaching the proof of concept stage in the fintech and cybersecurity fields, particularly in developing cybersecurity capabilities for the financial sector. The laboratory will provide startups with expertise through cooperation with leading global players in the finance sector, including Mastercard. This move strengthens Israel and Beer Sheva as leaders in the international cybersecurity industry.
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Enel Invests in 3D Map Developer Pixtier
Infralab, operated by Enel SpA and Shikun & Binui, has invested $300,000 in PixTier Ltd., a company that develops software to turn aerial photos into 3D maps.
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Italian energy giant uses Israeli drone to oversee plant maintenance
Enel, Italys energy giant, has partnered with Israeli drone-developing startup Percepto to use its Sparrow drone system for overseeing operations and maintenance at one of its power plants in northern Italy. The Sparrow drone, powered by computer vision and AI technology, can fly autonomously and conduct inspection missions without human intervention. It carries regular and night-vision cameras and collects data that can be transmitted to Enel personnel in real-time. Perceptos drone-in-a-box solution increases flight frequency and the probability of anomaly detection, leading to preventative maintenance and improved site productivity. Enel opened its innovation hub in Tel Aviv in 2016 to tap into Israeli technologies.
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Enel turns to Israel to help with more efficient energy output
Enel SpA is seeking to collaborate with Israeli startups to develop new technologies for cost-effective energy production. The company is teaming up with Israeli construction firm Shikun & Binui to open an innovation lab in May, where they will look for companies to develop projects. Enel aims to avoid being disrupted in the energy industry and wants to be at the forefront of innovation. They have already evaluated over 100 companies and are currently collaborating with 10 of them. The labs participating companies will receive 1 million shekels ($295,000) from Israels Innovation Authority, as well as additional funds from Enel and Shikun.
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http://www.jpost.com/Business-and-Innovation/Italian-energy-giant-Enel-launches-innovation-hub-in-Tel-Aviv-460223
Enel, an electricity producer based in Italy, has opened its first innovation hub in Israel. The company sees innovation as necessary for its growth strategy and aims to compete with and integrate new sources of energy. The hub will connect with 300 start-ups annually and select up to 20 for a six-month program. Enel hopes that three to five of these start-ups will become commercial companies working in association with the company. The hub is seen as an example of a new mode of interaction between countries and businesses, based on extracting innovation. Israeli companies traditionally view corporations like Enel as sources of branding and distribution, but with the rise of startups, the innovation itself becomes the product for corporations.
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