MI 2020 Solutions FINAL
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SECTION 07<br />
04<br />
AUSTRALIAN CLEAN<br />
ENERGY SEED FUND<br />
AUSTRALIA<br />
The Australian Clean Energy<br />
Seed Fund launched in 2016 with<br />
the aim of increasing the supply<br />
of clean energy start-ups in<br />
Australia through venture capital<br />
support. It seeks to encourage<br />
co-investment from a wide range<br />
of investors.<br />
The fund gained a 10 million AUD<br />
cornerstone commitment from the<br />
Australian Government’s Clean<br />
Energy Innovation Fund in 2016,<br />
and a further 16 million AUD from<br />
Australian Ethical Investment,<br />
Hostplus and Future Super. Over<br />
a four to five-year period the<br />
fund will invest at seed, angel<br />
and later stages of development<br />
in up to 50 start-ups across a<br />
range of technologies, such<br />
as: energy storage; demand<br />
management; biofuels and<br />
energy from waste; renewable<br />
energy, and technologies that<br />
exploit the Internet of Things.<br />
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