Clean energy business accelerator EnergyLab has expanded to Brisbane, hosting four exciting innovative start-ups:
For its new Brisbane base, EnergyLab selected the four start-ups after a rigorous assessment process. Each start-up will receive 6-24 months support, including rent-free office space, $50,000 in seed capital, and mentoring and networking opportunities to help them build a business platform for their ongoing development.
The new EnergyLab base is co-located with the CEFC. The Queensland government is providing an additional $400,000 in operational funding, as part of its Advance Queensland Biofutures 10-Year Roadmap and Action Plan.
The seed capital that EnergyLab provides to start-ups is financed through the Clean Energy Seed Fund, which was established in 2017 by specialist fund manager Artesian. The CEFC, through the Clean Energy Innovation Fund, is a $10 million cornerstone investor in the $26 million Clean Energy Seed Fund.
EnergyLab has co-working spaces for clean energy start-ups in each of Sydney, Melbourne, and Canberra, where it provides the innovative companies with mentoring and other support to help them turn their business ideas into commercial reality.
Learn more about EnergyLab
Queensland, Innovation Fund, Renewable energy, Energy efficiency