Linc, an Esbjerg, Denmark-based Internet of Things startup, received €150k in funding.
The award was given in the framework of the international startup competition INCENSe (INternet, Cleantech ENablers, Spark project).
The company will use the funds to further develop their new smart-building technology for the European market.
Led by Pranay Krishen, CEO, Linc has developed a hardware & software platform that connects buildings to the Internet, providing real time control & monitoring of devices in any building. The hardware can be connected to existing infrastructure and communicate wirelessly with the cloud. This way, users can monitor power consumption through the Linc App.
The INCENSe finals took place in Rome, Italy, where 14 companies were selected among 232 applicants from 31 countries. With the admission to this program, these 14 companies can accelerate their unique energy solutions through training, networking and a grant of €150,000.
INCENSe is based on collaboration between Enel, Endesa, FundingBox and Accelerace with the purpose to create growth and jobs within the energy sector in EU.