Energy Innovation Fund grants will support projects that contribute to the ACT Government’s vision of Canberra as an internationally recognised centre for renewable energy research, innovation and investment.
Each application will be assessed against the guidelines and selection criteria on the application form. The assessment panel will consider the application and make an assessment as to the merit of the application in meeting the aims and objectives of the Program.
Proposals that meet the eligibility criteria will be considered against the following merit criteria:
Innovation and knowledge sharing (30%)
Innovation and broadening the knowledge base for the ACT energy transition is an important objective of the Fund. The following will be assessed under this criterion:
- The project clearly demonstrates innovative and transformational approaches to supporting energy transition. This can be demonstrated via the technology used, business model or other aspects; and
- The approach to sharing the learnings gained from the project.
Technical and commercial viability (30%)
The proposal demonstrates a pathway from ideation to development. The project applies robust processes to develop innovative energy transition solutions. The application shows a high potential for demonstration and scalability. Criteria also include the potential commercial opportunities flowing from the funded activity and the strength of the proponent’s business model.
Application quality and organisation capacity (30%)
The applicant has demonstrated their capability to deliver the project and described previous experience in delivering similar projects and managing risks.
The applicant has demonstrated an understanding of, and ability to obtain, any permission or approvals required to deliver the project (where appropriate).
The application must provide sufficient information to make an informed assessment.
Return on investment (10%)
The level of funding requested is proportionate to the project outcomes and benefits for the ACT.
In the context of the entire project and its timing, the amount of requested funding and the planned expenditure demonstrates a sound investment. Enhanced public-private collaborations in developing and demonstrating new solutions, and leveraging private investments, are particularly important.
The Government will aim to leverage at least $1 in new co-contributions for every dollar it invests, on average, in energy innovation technologies. Proposals that demonstrate job creation will be viewed favourably.