ÖkoFEN is an Austrian company, and its name, translated, is eco (oko) research and development (fen). It is a pioneering business founded in 1989, with its primary objective to develop and market innovative heating systems using biomass fuel. The key word being innovative.
By 1994, ÖkoFEN had developed full automatic heating systems using wood pellets as fuel. Three years later, it was the first Austrian manufacturer to bring an officially-certified pellet heating system to the market.
In 2004, further innovation saw a world first – a pellet heating system with condensing technology.
It is through innovation that ÖkoFEN is now the European specialist in pellet heating and why we are proud to have worked closely with the company for more than a decade.
We recognise that innovation is key not only to business growth, but to the wider aim of creating a low carbon economy.
And that’s why we delighted to see that the first phase of the Government’s £35 million Entrepreneurs Fund is a £16 million pot of cash available for the development of new ideas for low carbon technology.
There is up to £10 million available to support energy efficiency technologies such as building control systems, advanced lighting systems, and space heating and cooling technologies. There is also up to £6 million available for power generation and energy storage technologies including fuel cells, biomass boilers and heat pumps.
It is hoped that this funding will see an increasing number of low carbon technologies developed for the market, helping to cut the carbon footprint of the UK, supporting jobs and creating export opportunities.
So if you’re an entrepreneur with a novel idea and want to get your concept off the drawing board and into production, give it a go.
SMEs, inventors and entrepreneurs can bid for up to £1 million for research and development, as well as accessing expert support on how to ensure the commerciality of their idea. Applications are open until October 31.
In the meantime, here’s the latest innovation from ÖkoFEN. A touch screen heating control panel which we’re hoping to introduce to the UK market in 2013!