Program to accelerate creation of renewable energy start-ups launches in Sydney

A start-up accelerator program, dedicated to supporting entrepreneurs designing renewable energy products and technologies, has kickstarted in Sydney.

EnergyLab, based in Chippendale, has granted four companies $50,000 each to spend 12 to 24 months bringing their clean-tech products to market.

Most start-up incubators give entrepreneurs 90 days to develop their products, according to co-founder Piers Grove.