Clean Energy Seed Fund
The Australian Clean Energy Seed Fund launched in 2016 with the aim of increasing the supply of clean energy start-ups in Australia through venture capital support. It seeks to encourage co-investment from a wide range of investors.
The fund gained a 10 million AUD cornerstone commitment from the Australian Government’s Clean Energy Innovation Fund in 2016, and a further 16 million AUD from Australian Ethical Investment, Hostplus and Future Super. Over a four to five-year period the fund will invest at seed, angel and later stages of development in up to 50 start-ups across a range of technologies, such as: energy storage; demand management; biofuels and energy from waste; renewable energy, and technologies that exploit the Internet of Things.