What is the BlueInvest Project Pipeline?

See our showcase of innovative projects and entrepreneurs who are shaping the Blue Economy.

Projects consist of innovative, scalable and sustainable business ventures from traditional and emerging sectors of the maritime economy.

The graphs below provide an overview of the country distribution, sector, and TRL of projects currently listed in the BlueInvest Project Pipeline.

 

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Selection Criteria:

Your company is EU-based or from an eligible sea basin region (Georgia, Turkey, Ukraine, Moldova, Montenegro, Albania, Bosnia-Herzegovina, North Macedonia, Serbia, Turkey, Israel, Egypt, Tunisia, Algeria, Morocco, Lebanon, Syria, Libya, Mauritania, United Kingdom, or Norway)

Your project TRL is 4 or higher

Your project sector is in one of the 10 blue economy sectors identified for this initiative

Your solution has a clear sustainable impact on the blue economy

Your project is looking for investment

Project Country

Country in which the project is being developed and / or implemented. 

Project Sector

Main blue economy sector the project relates to.

Project TRL

Current technology readiness level of the project. 

Zparq

Making marine propulsion sustainable

  • Shipbuilding & Refit

Company behind project
Zparq

Sweden

About Us
The Zparq team have long entrepreneurial experience in establishing new companies and bring products to the market. Members holds a broad and high technical competence in product development, design, usability, power electronics, mechanics and SW, as well as sales & marketing and business development. Expertise and personal experience in the actual customer segment: naval design, maritime systems, and hands-on operation and maintenance of boats and marine vessels.

Jonas Genchel, Entrepreneur, 13+ years experience in mechanics design
Mikael Sundberg, Electronics developer, 19+ years entrepreneurial background
Ivan Stenius, PhD, Marine systems specialist, Associate Professor at Centre of Naval architecture, KTH
Nicholas Honeth, PhD, Founding director of the KTH Sustainable Power Laboratory
Sebastian Thuné, 8 years R&D Maritime Systems
Daniel Hydén, 30+ years Business Development.
Kristofer Vahlström, 15+ years Strategic UX
Andreas Lundbäck, 17+ years Industrial Design Strategy


Problem we are solving
Climate change create an urgent need for emission-free electric propulsion in marine applications.
On the market existing powertrains for marine applications are based on conventional technology. This means that in applications with inboard motors/stern drive and outboard motors the traditional combustion engine in principle is replaced by an ordinary electric motor; still requiring shafts, gearbox and a cooling system, ending up in a bulky, heavy and inefficient driveline with many parts requiring maintenance.

Sustainable Impact on Blue Ecconomy
Zparq’s marine motors are significantly smaller than all alternatives on the market. The light design reduces raw material and CO2 footprint with more than 50% in production, and the products are from start designed with a circular approach, thus reducing the environmental impact over the entire life cycle.
The scalability and modularity of Zparq's technology enables product offerings in segments where there are no submersible high-power motors today. This makes the Zparq motor very versatile and cost efficient as the same technology can be used in many different applications and market segments.

TRL
  • TRL 7 - System prototype demonstration in a relevant environment

  • Readiness Assistance Beneficiary


Financial Needs10 000 000

Planned Funding Allocation
  • Improve our R&D: 20
  • Sales and Marketing: 30
  • Operations: 10
  • To hire more resources: 30
  • New premises: 10