Call for Innovation Investment Fund Applications

The Australian Government has called for applications from fund managers under the latest round of its Innovation Investment Fund (IIF). Under the IIF program, the Government will provide $20 million to each successful fund manager to establish new funds of $40 million or more. The new funds will assist early stage Australian companies to commercialiseContinue reading “Call for Innovation Investment Fund Applications”

Better Place wins $350 million investment

The major funding deal, led by HSBC, is one of the largest ever in cleantech. Shai Agassi’s electric car venture Better Place has signed a major funding deal, in which a consortium of investors, led by HSBC, will invest $350 million in the venture. The investment is one of the largest ever in cleantech, andContinue reading “Better Place wins $350 million investment”

ISRAEL OPENS TWO CLEANTECH R&D CENTERS IN THE SOUTH

To boost entrepreneurial activity and encourage further innovation in the cleantech sector, Israel’s Ministry of Industry, Trade and Labor is creating a renewable energy center and a water technology center in the Negev. The centers will be established following a tender procedure including Israeli and international investors and have an approved 5-year budget of 100Continue reading “ISRAEL OPENS TWO CLEANTECH R&D CENTERS IN THE SOUTH”

Green energy scheme ‘a fraud’

The  Sydney Morning Herald reports that KEVIN RUDD’S environmental agenda is under attack on two fronts, with the country’s biggest private renewable energy business declaring his green power target at risk of failure. As criticism of the emissions trading scheme grows bolder after the fractured Copenhagen summit, AGL has labelled the administration of the theContinue reading “Green energy scheme ‘a fraud’”