European funding can unlock the next step for innovative climate solutions. CorPower Ocean shows what is possible when bold ideas meet collaboration, trust and the right support. Their wave‑energy technology is now moving from prototype to commercial demonstration – powered by Horizon Europe, persistence and a strong ecosystem around them.
Taking an idea from the drawing board to commercial reality is a challenge for many companies. For CorPower Ocean, that journey has been shaped by several European funding programmes – and a remarkable amount of perseverance. Support from Vinnova and EU SME Support has played an important role along the way.
“There is a huge amount of work behind every application, but it is possible – and it is worth it,”
says Eunice Silva, Senior Technical Project Manager at CorPower Ocean.
Three programmes – one common thread: hard work
CorPower Ocean has received funding from the European programmes EIC Accelerator, Horizon Europe (Cluster 5), and Eurostars. But the road has not been straightforward.
“We tried several times before we succeeded,” says Eunice Silva.
“The first time we applied to EIC Accelerator, we simply weren’t ready. It is not just about having a good idea – the company must be at the right stage, with tested technology, documented data, and clear market demand.”
The preparations were extensive. CorPower Ocean engaged a consultant dedicated solely to developing a strong application. They also turned to EU SME Support through Vinnova for pitch training and advisory support.
“We had three sessions where we pitched to EU SME Support acting as a jury. We received questions, feedback, and suggestions that helped us sharpen our story,” Eunice says.
Producing a full application takes three to four months for a team of three to four people. They submitted their first proposal in 2022 – but success came two years later.
From a single unit to a wave power park
With the support of European funding, CorPower Ocean has taken the leap from prototype to real-world demonstration. The company has developed a wave energy converter that is lighter than previous solutions. This makes it easier and more cost‑effective to deploy and maintain.
The next step is to build a demonstration park with multiple units and to scale up efficient production.
“Funding is crucial for showing that the technology works at scale – and that we can industrialise production,” Eunice explains.
How to succeed with your application
Eunice Silva shares several recommendations for others preparing to apply for funding:
Use national contact points. They help you identify the right programme and understand the criteria.
Be prepared to invest time. A strong application takes months to develop.
Bring in specialists. Technical descriptions, life‑cycle analyses, financial modelling and visual design all benefit from expert input.
Practise your pitch with EU SME Support. Their feedback builds confidence and clarity.
CorPower Ocean’s journey shows that the right support can make all the difference – helping innovative ideas grow into commercial solutions that contribute to global climate goals. Who knows – your project might be next. About CorPower Ocean CorPower Ocean develops compact wave energy converters designed to maximise power capture from ocean waves. Founded in Sweden in 2012, the company now also operates in Portugal, Norway, and Scotland. They employ around 100 people.