The first phase of the Entrepreneurs Fund is now open to applications. The fund is part of the £35million package announced by DECC earlier this year. There is up to £10million available to support energy efficiency technologies such as building control systems, advanced lighting systems and space heating and cooling technologies. There is also up to £6million available for power generation and energy storage technologies including fuel cells, biomass boilers and heat pumps.
The aim of the funding is to speed up the development of low carbon technologies towards commercialisation, helping to cut carbon emissions in the UK, supporting jobs and creating export opportunities.
Energy and Climate Change Minister Greg Barker said:
“Low carbon innovation is vital for the growth of our green economy. This investment will help entrepreneurs with novel ideas get designs off the drawing board and into our homes and businesses, helping cut carbon and spur on growth in this exciting market place.”
The scheme will support projects at Technology Readiness level 3 (TRL 3) and above. Innovators will be able to bid for up to £1million to develop and demonstrate innovative technologies and processes. Applications can be made online and must be submitted by 31 October 2012 at the latest. Successful bidders will be announced later in the year.
For information on how to apply click here