What is the Clean Technology Commercialisation Grants?
The Clean Technology Commercialisation Grants is a program that aims to support organisations in NSW seeking to commercialise and scale-up clean technology innovations.
The NSW Government has established the Clean Technology Commercialisation Grants to accelerate the commercialisation and scaling up of proven clean technology innovations for trade in Australian and international markets. Funded by the Climate Change Fund, these competitive grants will help unlock the next wave of low emissions technologies needed for NSW to reach net zero emissions by 2050.
The purpose of the Clean Technology Commercialisation Grants is to accelerate the commercialisation of proven clean technologies that have potential to significantly reduce emissions in NSW and are aligned to the priority areas identified above. The objectives of these grants are to:
- accelerate the deployment and scale-up of clean technologies for trade in Australian and international markets
- support establishment and growth of innovative clean technology businesses and low emission industries that future-proof jobs
- stimulate economic growth and unlock export opportunities.
This is a $40 million grants program. The minimum grant is $250,000 and the maximum is $5 million.
Grants will only be awarded to projects that can demonstrate a minimum of 1:1 cocontributions from other sources. Projects that have a cash contribution from at least one potential customer or an institutional investor will be viewed favourably during assessment. Higher cash contributions will also be viewed favourably. In-kind (non-financial) contributions are not eligible.
To be eligible for funding the lead applicant must confirm the project:
- is based in NSW
- is applying for funding between $250,000 and $5,000,000
- is expected to be complete within 3 years of commencement
- is aimed at accelerating commercialisation or scaling-up a clean technology at TRL 6-9 and has a CRI less than 5 in NSW (see appendix 1)
- directly contributes toward the commercialisation of a clean technology including, but not limited to, the following activities:
- full scale pilots, demonstration projects and operational environments
- scaling production or marketing to support customer sales
- engaging professionals to provide commercialisation guidance
- engaging an experienced executive to fill a key gap in the management teams of a clean technology start-up.
To be eligible, applicants must:
- hold an Australian business number (ABN)
- be an eligible organisation
- be the legal and beneficial owner of, or has all necessary rights to use, any IP necessary to carry out the project
- hold all insurances required by law, including $20 million public liability insurance and workers compensation
- not be subject to insolvency
- not be listed on the Australian Department of Foreign Affairs and Trade sanctions list.
Applications close 03 June 2022.