Envelio nominated among the 16 finalists to the European “Future Unicorn Award”
DIGITALEUROPE, Europe’s trade association representing the digitally transforming industries, has announced the 16 finalists for the “Future Unicorn Award 2019”, one of them is the Get Started member Envelio from Germany.
The Future Unicorn award
Running for the second year in row, the Future Unicorn Award is the Eurovision of young tech companies. The award celebrates small and medium enterprises from across Europe that have the potential to become the future European Tech giants. It is compiled in collaboration with Europe’s national trade associations representing the digital and technology sector.
This year, 16 truly inspiring companies from across Europe were nominated. The nominees come from all sectors, including financial technologies (iyzico), education technologies (LearnUpon), eHealth (Turbine), mobility (MaaS), energy (Envelio), and many more.
The award will be handed by Mariya Gabriel, Commissioner for Digital Economy on 21 February 2019 at the Masters of Digital Conference in Brussels.
The nominated company
The sixteen participating SMEs for this year’s Future Unicorn Award are all truly amazing and unique in their respective field. Envelio is Germany’s entry for the award contest. Envelio is transforming the electric distribution grids system to facilitate the demand for renewable energy sources in the digital era.
With the increasing share of renewables and electromobility entering the mass markets, power grids are pushed to limits. Envelio provides the software-as-a-service solution Intelligent Grid Platform (IGP) to facilitate the energy transition’s requirements for smart and more flexible energy grids. The energy software company’s competitive edge is based on the underlying algorithms of its IGP software. The IGP digitizes and automates essential processes at grid operators and completely integrates Smart Grid Technologies into grid planning and operation workflows. Today, more than ninety-two thousand Grid Stations are being managed by IGP.
Europe is home to several unicorns – billion-dollar startups – to be exactly to 11.5% of the world’s unicorns, compared to only 6% in 2014. Germany is fairing particularly well with having produced 9 unicorns with a combined valuation of more than $18 billion in the last 4 years.
It is time for Europe and Germany to develop a dedicated unicorn strategy. We need to celebrate those high-scale companies and create a truly single market for them to take the full advantage of the European economy