Home>>CEFC Innovation Fund

Some text in the Modal..


CEFC Innovation Fund


This program aims to support the growth of innovative clean energy technologies and businesses which are critical to Australia's clean energy transformation. It is operated in consultation with ARENA, drawing on the complementary experience and expertise of the two organisations.

The Fund targets technologies and businesses that have passed beyond the research and development stage, and which can benefit from early stage seed or growth capital to help them progress to the next stage of their development.

The Fund uses CEFC finance to invest in innovative clean energy companies and projects. It can provide debt and/or equity finance for innovative clean energy projects and businesses which support renewables, energy efficiency and low emissions technologies. It does not provide grants.

Final investment approval is provided by the CEFC Board, which is responsible for all CEFC investment commitments made under the CEFC Act.

As announced in 2016, a total funding pool of $1 billion will be made available. Starting with $100 million in 2016-17, an additional $100 million will be available each subsequent year up to the $1 billion total.

Who Can Apply?

Eligible applicants include Australian businesses.

Please refer to the website for the complete eligibility requirements.

Eligible Activities

Eligible investments are those that are:
- Clean energy technologies
a) Energy efficiency technologies
b) Low emission technologies
c) Renewable energy technologies
- Solely or mainly Australian-based
- Not in a prohibited technology
a) Technology for carbon capture and storage (within the meaning of the National Greenhouse and Energy Reporting Act 2007)
b) Nuclear technology or nuclear power

Please refer to the CEFC Complying Investments Guidelines for the complete list of eligible technologies.

Main Assessment Criteria

The main assessment criteria include:
- A business case, including a developed financial model, market and customer validation, and commercially viable returns.
- An outline of the intended use of funds and a reasonable assessment of future funding that will be required.
- A team with a track record of delivery and supporting references.
- Independent technology or engineering validation, if available.
- Details of who else has debt or equity in the venture and the funds expected from the CEFC (generally prefer to remain below a 30% stake in any business).
- An outline of the risks facing the venture and how they will be mitigated.
- Exit strategy.
- Environmental benefits.

  • Start-up
  • Research & Development
  • Marketing
  • Export
  • Business Support
Documentation Uploaded
CEFC Complying Investments Guidelines 2020-03-13 Download
FAQs 2020-03-13 Download
Web Overview 2019-05-17 Download
Media Release 2017-06-27 Download
Fact Sheet 2018-02-16 Download

Use these documents as a guide only - always get the latest direct from the Administrator

Status Open
Closing Information
This program is open on an ongoing basis.

Funding Type Investment and Equity
Total Funding Pool $1B
Co-contribution Yes
Competitive Yes
Eligible Activities
Innovation and R&D
Environment and Sustainability
Who Can Apply?
Energy and Renewables
Difficulty Rating
Tier Federal
Department of the Environment and Energy
Program Administrator
Clean Energy Finance Corporation (CEFC) and Australian Renewable Energy Agency (ARENA)
General WebsiteVisit
Program Website Visit