Deadline: 16-Jan-23
ACT Government is now accepting applications for its Renewable Energy Innovation Fund (REIF) to support renewable energy innovation for a brighter future.
The ACT has developed a national and international reputation as a renewable energy innovation cluster, with world-leading capabilities.
REIF Grants Program aim to provide flexible, early-stage funding to businesses within the ACT to support a broad diversity of new and emerging technologies, ventures and activities consistent with the funding scope.
The Renewable Energy Innovation Fund was established with $12 million contributed by industry commitments associated with the ACT Government’s first and second wind auctions.
The REIF is administered by the ACT Government, through the Environment, Planning and Sustainable Development Directorate (EPSDD).
Aims
The REIF aims to:
- support renewable energy companies based in the ACT
- attract new ventures to the ACT
- develop new research and trades training opportunities
- support the development of a renewable energy ecosystem.
Funding Information
- Round 3 of REIF Grants Program has up to $1.5 million in total funding available.
-
To apply for funding, all applicants need to be aware of the following:
- Organisations can apply for funding between $50,000 and $300,000 (excluding GST).
- Applicants must have matched funding to support the ACT Government’s contribution. This matched funding may be sourced from either private funds or Commonwealth Government funding, in-kind contributions, or a combination of these sources.
- Organisations must be able to demonstrate that they have sufficient funds and capabilities to commence and complete the project.
- Applications should be for renewable energy research, development, and innovation projects.
- Applicants must provide a plan outlining the proposed project and the funding requested, articulating the benefits to the zero emissions transition and the ACT economy
Outcomes
- The expected outcomes from REIF Grants Program (the Program) projects are to support:
- The acceleration of research, development, and commercialisation of innovative clean energy solutions.
- The growth and development of the ACT renewable energy sector.
Eligibility Criteria
The Program is open to businesses with expertise in clean technology innovation. A lead organisation seeking a REIF Grant must:
- Have an Australian Business Number (ABN).
- Hold all insurances required by law, including $10 million public liability insurance and workers compensation.
- Be an ACT based organisation, OR the majority of the proposed funded activities must occur within the ACT.
- Have satisfactorily acquitted all outstanding grant milestones, reporting requirements, and obligations, including financial acquittals for previous REIF funding or any other ACT Government agency grant.
- Be able to demonstrate a contribution to the ACT achieving net zero emissions by 2045. Generation, transport, or green hydrogen projects must be based entirely on renewable resources.
- Be registered for the Goods and Services Tax (GST) if applicable (if turnover is greater than $150,000 per annum).
- Be able to achieve all project milestones within three years of commencement.
- Be able to demonstrate the minimum 1:1 matched funding contribution. Co-contributions can include in-kind contributions, higher cash contributions will be viewed favourably during assessment.
For more information, visit ACT Government.
For more information, visit https://www.climatechoices.act.gov.au/policy-programs/renewable-energy-innovation-fund#About-the-program
