ACT’s entrepreneurs and clean energy businesses funded to innovate

Wed 16 Aug

Smarter home energy systems, hydrogen fuel cells and solar radiation forecasting for large solar farms are just some of the business ideas that have received support under the ACT Government’s renewable energy innovation funding schemes, Minister for Climate Change and Sustainability Shane Rattenbury announced today.

“The ACT Government is committed to supporting our local entrepreneurs and innovative renewable energy start-ups to help ensure the Territory maintains its global leadership role in smart technology development and renewable energy,” Mr Rattenbury said.

The Renewable Energy Innovation Fund (REIF) Direct Grants and the new ‘Renewables Stream’ of Innovation Connect will be providing support worth approximately $1.1 million and $100,000 respectively to local businesses and start-ups.

“The Direct Grants scheme supports clean tech start-ups with seed funding to help take their businesses to the next level. The scheme targets support toward proof-of-concept, tech demonstration and business scale up and growth,” Mr Rattenbury said.

“The Innovation Connect ‘Renewables Stream’ will provide matched-funding support and accommodation at the Renewables Innovation Hub in the City to assist three early stage businesses and entrepreneurs to accelerate the development of their innovative products and services.

“Canberra has some of the world’s most progressive renewable energy and climate change targets. Delivering these is a shared responsibility and it is fantastic we have so many local start-ups that want to play their part in this emerging industry.”

A full list of winners and photos from the event ceremony are available on request.

For further information visit the Innovation Connect webpage and the Direct Grants webpage.