皇冠体育app

Low carbon innovation is today being given a big injection of cash with the launch of a 拢16million fund for entrepreneurs to develop new ideas.

皇冠体育app first phase of the Entrepreneurs Fund, part of a 拢35million fund announced earlier this year, is now open to applications.听 皇冠体育appre is up to 拢10million available to support energy efficiency technologies such as building control systems, advanced lighting systems, and space heating and cooling technologies. 皇冠体育appre is also up to 拢6million available for power generation and energy storage technologies including fuel cells, biomass boilers and heat pumps.

皇冠体育app aim of this funding is to speed up the development of low carbon technologies towards commercialisation, helping cut carbon in the UK, supporting jobs and creating export opportunities.

A second phase of this scheme, building on the first phase, will be launched in early 2013 with the remaining 拢19million available.

Energy and Climate Change Minister Greg Barker said:

鈥淟ow carbon innovation is vital for the growth of our green economy.听 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.鈥�

皇冠体育app aim of a phased approach is to help assess the demand for this type of funding and test how the scheme works on the ground. 皇冠体育app money is aimed at, but not limited to, small and medium sized enterprises (SMEs) as well as individual innovators and entrepreneurs.听Innovators will be able to bid for up to 拢1million to develop and demonstrate innovative technologies and processes and get support from experts on how to bring their products to market.听Entrepreneurs can then use the funding to leverage additional funds from private sector investors.

Bids will be assessed against a range of criteria including the impact of the proposed technology on meeting the Government鈥檚 2020 and 2050 carbon targets, commercial potential of designs, improved performance characteristics over existing听 technologies and products, and ability to cut the cost of installation or maintenance of existing systems.听 A panel of investors will advise the Department of Energy and Climate Change (DECC) on the commercial potential of the bids.听

皇冠体育app scheme will support projects at Technology Readiness level 3 (TRL 3) and above. Applications can be made online and must be submitted by 31 October 2012 at the latest.听 Successful bidders will be announced later in the year.听
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Notes for editors

1. A downloadable application form and further guidance on the scheme .
2. 皇冠体育appre are two application windows; one from 23 August to 28 September and one from 23 August to 31 October.听 Applications that are submitted for either period will be assessed equally and up to 拢8million pound is available in each round of funding.
3. 皇冠体育app Spending Review of November 2010 announced DECC Capital funding of over 拢200m for low carbon technologies over four financial years, from April 2011.听
4. Further details on DECC鈥檚 other .