Providing opportunities for Australian businesses to find innovative new ways of reducing greenhouse gas emissions, the $200 million Clean Technology Innovation Program was launched yesterday by the Minister for Industry and Innovation, Greg Combet, at Licella Pty Ltd’s biofuels plant in New South Wales.
“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. We are looking for innovative projects involving applied research and development, proof of concept or early stage commercialisation activities, ” Mr Combet said.
Projects that could be supported include generating energy from wind, solar, wave, tidal, hydro or geothermal power.
“The aim is to develop new clean technologies and associated services, including low emission and energy efficient solutions that reduce greenhouse gas emissions.”
Also available for support is Innovation in biofuels, cogeneration and low emissions uses of coal. The Clean Technology Innovation Program will also help companies develop 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,” Mr Combet said.
The launch of the program was also attended by Federal Member for Robertson, Ms Deb O’Neill.
“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 is set to be made on a matching basis, wherby the Government will fund up to 50 per cent of the project cost.
The Program is now open and AusIndustry will be hosting information sessions around Australia to assist businesses applying for the grants.
For more information on the Clean Technology Innovation Program, please visit www.ausindustry.gov.au or call the Hotline on 13 28 46.