Australia’s first startup Acceleration Program dedicated to renewable and advanced energy companies launches in Sydney In a first for Australia, EnergyLab and Climate-KIC Australia have launched an Acceleration Program focussed entirely on helping startups working on renewable energy, energy productivity, enabling technologies, electric vehicles, and other innovations integral to achieving a 100% clean energy future. EnergyLab was made possible by support from Jobs for NSW and UTS, who are hosting EnergyLab in the historic Blackfriars School House on their Chippendale campus. This coworking space will host regular events and become home to up to 60 clean energy entrepreneurs, including those in the Acceleration Program. Climate-KIC Australia, inspired by the success of Climate-KIC in Europe, is a newly launched public-private partnership designed to link ideas, commercial know-how, and investment capital to transform the way Australia responds to climate change. The EnergyLab Acceleration Program has been developed in conjunction with Climate-KIC. The program has been tailored to cater for the unique needs of clean energy businesses, and is longer and more flexible than your typical startup accelerator. Four startups will be selected to participate in the 12-month long Acceleration Program, which will steward companies with a fledgling product or service through a hands-on, mentored process to a become a market ready, investable company. As well as receiving free rent, professional services and mentoring, startups will receive at least $50,000 in seed capital. “This is an exciting step up for the cleantech startup community in Sydney. Being able to offer industry specific support in this vibrant community will help position Sydney as a go-to market for innovation and opportunity”, said Piers Grove, Executive Director of EnergyLab. “Climate KIC is excited to be partnering with EnergyLab to pilot dedicated acceleration for this industry. We bring European experience to the table but look forward to offering a program that’s distinctly Australian and relevant in an Asian context”, said Christopher Lee, incoming CEO of Climate KIC Australia. Applications for the Acceleration Program are now open and will close on February 19. Selected startups will be announced in March before starting the program in April. For more information and to apply visit energylab.net.au.