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January 28, 2021

Clean Tech Co-funding Scheme: How it can help your business and the environment

(Image credit: Forbes)

Are you a business looking to undertake R&D for clean technology innovation and projects? Then this could be the grant assistance you have been looking for.
The Clean Tech Co-funding Scheme provides funding of up to $300,000 for businesses, individuals, non-for-profit organisations, educational and research organisations wanting to undertake clean technology research and development.

Funded by the REIF, this new scheme will provide opportunities for the REIF to co-fund clean technology research & development and implementation projects. For an overview, there are 3 levels of funding available depending on your assessed benefit to the ACT: 10,000, 20,000 and 30,000.

The proposed applications will need to meet the following REIF objectives of supporting the growth and development of the ACT as an export-oriented renewable energy innovation centre, whilst securing commercial benefits for ACT companies.

In addition, proposed applications are required to find significant supplementary cash and in-kind contributions from another funding body such as the Australian Renewable energy Agency (ARENA), industry funding, Clean Energy Finance Corporation or Commonwealth/ Non-ACT state Government funding.

For projects to be eligible for funding they must be building innovative solutions to complex energy problems, as the projects will require collaboration between Canberra’s renewable energy innovation infrastructure. The following research, education and and business sectors, are aligned with the Clean Tech Co-Funding Scheme:

  • Energy generation asset management
  • Electrification in the transport , residential and building sectors.
  • Solar and Wind mapping and forecasting
  • Renewable energy generation science, engineering and technology
  • Energy storage science, engineering and social science
  • Distributed energy grid and market integration

What is the eligibility criteria?
To be eligible for the Clean Tech Co-funding Scheme you must:

  • Have an Australian Business Number (ABN)
  • Have secured significant additional cash and in-kind contributions from another funding body
  • Meet the objectives of the Renewable Energy Innovation Fund (REIF) of:
  • Supporting the development of the ACT as an export-orientated hub for renewable energy
  • Secure direct commercial benefits for ACT companies

Need help on how to go about getting your own co-funding scheme benefit? Contact the Mark Bouw Group:

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