NSW Net Zero Manufacturing Initiative – Clean Technology Innovation Grant

NSW Net Zero Manufacturing Initiative – Clean Technology Innovation Grant

The NSW Net Zero Manufacturing Initiative Clean Technology Innovation Grant is designed to accelerate the research, development and commercialisation of emerging clean technologies.

There are 2 streams of grants.  The commercial readiness grants range from $250,000 and $2.5 million per project on a matched funding basis.  The project development grants up to $250,000 per project on a matched funding basis.

Eligible applicants

Applicants can be based internationally, interstate or in NSW. To be eligible for funding, the lead applicant must:

  • hold or be willing to obtain an ABN and be registered for GST
  • be a company incorporated in Australia; a company limited by guarantee; an incorporated trustee on behalf of a trust; an incorporated association or co-operative; an Aboriginal and/or Torres Strait Islander Corporation.
  • be the legal and beneficial owner of, or has all necessary rights to use, any intellectual property necessary to carry out the project
  • hold or will attain all insurances required by law including $20 million public liability insurance and worker’s compensation, prior to entering into a funding agreement
  • not be subject to any insolvency

Eligible projects

To be eligible for funding, for commercial readiness ready projects, the lead applicant must confirm that the proposed project:

  • that the proposed activities will, or has the potential to, advance or progress the clean technology product or solution toward commercialisation
  • have a technological readiness level (TRL) of between 6 – 9
  • have a commercial readiness index (CRI) of less than 4
  • The project is expected to be fully delivered (operational) within 3 years

To be eligible for funding, for project development projects, the lead applicant must confirm that the proposed project:

  • will, or has the potential to, advance or progress the clean technology product or solution. Projects should be focused on either: Front-end engineering design; Product carbon footprint assessment; Product compliance and certification study to scale manufacturing; Manufacturing facility development approval
  • have a technological readiness level (TRL) of between 5 – 9
  • have a commercial readiness index (CRI) of less than 4
  • The product development project is expected to be fully completed in 12 months

Application Process

The application process for the commercial readiness grant consists of 2 stages.  Stage 1 is an Expression of interest (EOI).  Stage 2 is a detailed application which will be by invitation only.  The construction ready EOI’s close 5 April 2024.

The project development it is a one stage application process which closes on 3 May 2024

Learn More

Click here to learn more and apply

Wayne Wanders is an experienced Business Advisor skilled in analysing business financial performance and cash flow. Wayne may also be able to assist you in preparing your grant application.  Contact Wayne below for a free no obligation session.

 

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