Proxima Fusion is the first-ever spin-out company from the Max Planck Society Institute for Plasma Physics, which happens to have built and operates the most advanced stellarator on the planet, W7-X.
To achieve that, Harvard, MIT, Stanford, Tesla and Google X scientists and engineers have already joined the Germany-based company, and Proxima Fusion last year raised €7.5 million in a round led by Plural and UVC Partners and joined by High-Tech Gründerfonds (HTGF) and the Wilbe Group.
Have a listen to the interview to learn more about why Germany is fertile ground for innovation in the field of stellarators, how the design of a new generation of - continuous - fusion power plants could (and should) be accelerated in the current and next decade, and how the technology can be scaled in (and for) the future.
Sciortino also talks about the need to build an ecosystem around fusion power, why Proxima has recently applied to receive funding from the European Innovation Council (EIC) Accelerator, his insights on the public and private funding landscape in Europe and on the availability of and access to key talent in this part of the world.
About the EIC Scaling Club
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The EIC Scaling Club is a curated community where 100+ European deep tech scale-ups with the potential to build world-class businesses and solve major global challenges come together with investors, corporate innovators and other industry stakeholders to spur growth.
The top 100+ European deep tech companies will be carefully selected from a pool of high-growth scale-ups that have benefitted from EIC financial schemes, other European and national innovation programmes, and beyond.
The EIC Scaling Club is an EIC-funded initiative run in partnership by Tech Tour, Bpifrance (EuroQuity), Hello Tomorrow, Tech.eu (Webrazzi), EurA and IESE Business School.
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