$200 million to support clean-tech innovation

The $200 million Clean Technology Innovation Program will provide opportunities for Australian businesses to find innovative ways of reducing greenhouse gas emissions.

The Minister for Industry and Innovation, Greg Combet, launched the merit-based grants program on 6 July at Licella’s biofuels plant at Somersby on the NSW Central Coast.

“This is an important part of the Gillard government’s plan for a Clean Energy Future and will help create new business opportunities, new industries and new jobs,” Combet said.

“We are looking for innovative projects involving applied research and development, proof of concept or early-stage commercialisation activities.

“The aim is to develop new clean technologies and associated services, including low-emission and energy efficient solutions that reduce greenhouse gas emissions.”

The types of projects which could be supported include generating energy from wind, solar, wave, tidal, hydro or geothermal power. Innovation in biofuels, cogeneration and low emissions uses of coal could also be supported.

The Clean Technology Innovation Program will also help companies develop and commercialise technologies to improve energy efficiency in water treatment and waste management.

“It is about getting new products and services into the marketplace so households and businesses can reduce greenhouse gas emissions and prosper in a low-carbon global economy,” Combet said.

Attending the launch, Federal Member for Robertson Deb O’Neill also welcomed the program and the benefits it will bring to industry.

“This funding is a great opportunity for innovative local firms to access grants ranging from $50,000 to $5 million to improve Australian industry’s competitiveness,” she said.

Grant funding will be made on a matching basis, meaning the government will fund up to 50% of the project cost.

The program is now open and AusIndustry will be hosting information sessions around Australia to help businesses apply for these grants.

More information on the Clean Technology Innovation Program can be found here or through the hotline 13 28 46.