Australia’s clean energy start up scene has made another move forward following an announcement by Energylab, made on Wednesday. Accordingly, the provider of co-working spaces and mentoring programmes for clean energy start-ups has expanded its base and opened another branch in Brisbane.
The branch has been co-located with the Clean Energy Finance Corporation (CEFC) as part of the overall goal to accelerate investment in Australia’s clean energy ecosystem. With additional funding for operational costs of $400,000 the Queensland state government is trying to further its Advance Queensland Biofutures 10-year Roadmap and Action Plan.
Energylab’s principle sponsor is Origen Energy and it is part of the global new energy nexus alliance, as well as being supported by Climate-KIC Australia. It follows an approach to help start ups with a clean energy profile to become market competitive, by providing services like mentoring programs, seed capital, legal assistance and office/ co-working spaces. Periodically, Energylab will invest its services in four upcoming businesses of its choice, with the help of Climate-KIC Australia’s funding.
Energylab selected four start ups to receive 6-24 months of support to kickstart their innovation but, foremost, sustainable and clean business ideas.
- Cirlution – which has developed a scheme to capture the maximum value from food waste and convert it into clean energy and heat
- Charge Cube – which has created an affordable small modular solar battery system, suitable for developing countries
- Fluxpower – which is developing an electricity payments network to reward demand response in real time, working with electricity generators, retailers and end users
- Sunshine Cycles – which delivers solar-powered rechargeable electric bikes from self-serve pods, reducing vehicle emissions.
The Brisbane branch is only the last of a range of bases Energylab has opened in Australia, after it has been offering co-working spaces and mentoring programmes to clean energy start-ups in Sydney, Melbourne and Canberra.
“Australia-wide we are seeing increasing diversity in the clean energy innovation space. These four companies are part of an exciting trend that promises to extend the benefits of clean energy across the economy, creating new business opportunities for Australian innovators and investors,” said CEFC Innovation Fund Executive Director Ben Gust.