Energy Transitions Innovation Challenge – ENTICE

New for ENTICE 3.0: Our updated funding model

As ENTICE evolves, so does the way we support innovators. Winners selected for ENTICE 3.0 will receive up to USD 100,000 in catalytic funding through a convertible instrument to support the development, pilot implementation, and scale-up of their solution.

A convertible instrument is a form of patient philanthropic capital that enables Global Energy Alliance to support innovators today while retaining the option to participate in their future success as an equity investor. The funding remains milestone-based and is tied to agreed project outcomes with utility, with the same focus on impact and accountability as previous ENTICE cohorts.

If your company raises follow-on financing, Global Energy Alliance may choose to convert its investment into a passive minority equity stake under mutually agreed terms. If Global Energy Alliance does not exercise this option, there is no repayment obligation. This updated approach enables Global Energy Alliance to build long-term partnerships with innovators while creating a more sustainable model for supporting innovation across the grid-tech ecosystem.

Why did we choose a convertible instrument instead of a pure grant?

• Long-term partnership: A convertible instrument reflects Global Energy Alliance’s commitment to supporting innovators beyond the pilot phase, enabling a long-term partnership as your company grows
• Greater market and investor confidence: Global Energy Alliance’s participation signals confidence in your technology, business model, and team – strengthening investor confidence and supporting future fundraising.
• Facilitating future investment: Our participation creates a bridge to future investment rounds by connecting innovators with Global Energy Alliance’s broader ecosystem of investors, partners, and industry stakeholders.
• Building a stronger innovation ecosystem: By supporting successful ENTICE companies as long-term portfolio partners, Global Energy Alliance can recycle potential future returns into future ENTICE cohorts, allowing philanthropic capital to work beyond a single funding cycle for innovators.

Please note: The detailed terms of the convertible instrument will be discussed with selected winners during the partnership process and tailored to the stage and financing profile of each company.