Scientists and start-ups can now apply for three new grant initiatives offering up to $95 million to foster a world-class innovation sector in NSW clean technologies.
Treasurer and Energy Minister Matt Kean said the grants will turbo charge the research, development and commercialisation of innovations needed to ensure New South Wales can achieve net zero by 2050.
‘Boosting emerging innovations today will help establish NSW as a global leader in low-emissions products and services over the next decade,’ Mr Kean said.
‘These grants will support laboratories and entrepreneurs to help new business ideas get traction in both Australia and overseas, and grow the NSW economy.’
The three Clean Technology grant initiatives include:
- $45 million for infrastructure, such as world-leading innovation facilities, to accelerate research, development and commercialisation of clean technologies
- $10 million to help equip organisations such as start-ups and entrepreneurs with the necessary skills and resources to succeed commercially
- $40 million to drive the scaling up of clean technologies that will support the decarbonisation of high emitting and hard to abate sectors.
‘We’re partnering with industry and researchers to target three key emissions areas that will drive a clean industrial revolution for future generations,’ Mr Kean said.
‘They include electrification and energy systems, land and primary industries, and power fuels including hydrogen.’
The Clean Technology Innovation stream is one of three focus areas within the $1.05 billion Net Zero Industry and Innovation Program, which in February was increased by $300 million to $1.05 billion to 2030.
