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ARENA supports renewable startups

ARENA funding

The Australian Renewable Energy Agency (ARENA) has announced a $1.64 million grant to go towards not-for-profit startup EnergyLab.

The grant will assist EnergyLab deliver the “Entrepreneurial Support for the Cleantech Startup Ecosystem” project to support and develop Australia’s renewable energy startup ecosystem.

The funding aims to address the gap in support to early-stage clean energy startups in Australia.

EnergyLab works towards supporting emerging clean energy startups and overcome the barriers they face when scaling solutions.

ARENA chief executive officer Darren Miller said EnergyLab would provide support to startups commercialising emerging technologies.

“Startups represent the future of renewable energy, taking the ideas and technologies that will get us to net zero, harnessing entrepreneurial spirit and bringing them to market,” Miller said.

“ARENA is funding EnergyLab to keep providing entrepreneurial support services to the renewable businesses of tomorrow, because of the transformative impact new ideas can have.

“We’re excited to see what the next generation of EnergyLab alumni go on to achieve.”

EnergyLab chief executive officer Megan Fisher said the funding will allow the company to continue supporting startups.

“The funding support being provided by ARENA means that EnergyLab can continue to offer and develop leading support programs to grow the clean energy and climate tech startup community in Australia,” Fisher said.

“Over the past 7 years, EnergyLab has supported over 170 startups and 130 aspiring founders while building a network of over 370 mentors and 180 angel investors. Moving forward, we will focus on delivering support that takes founders all the way from launching a startup to scaling globally.”

“It’s an exciting time for the startup innovation ecosystem in Australia and providing the right support for founders will be a key element in Australia becoming a renewable energy superpower.”

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