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Eco Innovator

Helping Commercialize Australia's leading Environmental Ideas

May 2012 - Year 2 No 5
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Changes at Eco Innovator

With this edition of Eco Innovator, we revert to our original format of a html newsletter rather than a PDF magazine.

This can better direct readers to websites and other sources of further information, as well as allow easier access to more stories.

We hope you enjoy the change. Feedback is always welcome.

Victor Bivell
Editor

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Equity Capital

Listed Cleantechs Raise Over $10 Million
Cleantech companies raised $10.7 million of equity in the two months of April and May, based on research of publicly available data by Eco Innovator.

All but $20,000 was by small cap companies listed on the ASX. There was no recorded activity by venture capital firms or angel investors. The only non-ASX activity was $20,000 raised by one company, Sundermann Water Power, on ASSOB.

The ASX listed cleantechs were solar energy developer Dyesol which raised $5.28 million, air and water engineer Clean TeQ Holdings which raised $2 million, geothermal energy developer Earth Heat Resources $1.95 million, consumer biodegradables manufacturer EcoQuest $0.58 million, solar tower developer EnviroMission $0.38 million, waste heat recoverer Enerji $0.38 million, tyre recycler Carbon Polymers $0.1 million, waterproofer Hydrotech International $0.07 million and environmentally friendly medical instruments disinfector Nanosonics $0.04 million.

Recent Capital Raising by Unlisted and Listed Cleantech Companies

See Larger Table

The largest individual raising was Dyesol's $3.9 million share purchase plan, while the most common method was placement, which were with sophisticated investors, an international corporate, private investors and broker clients. Other equity raising methods were redemption of convertible notes, debt conversion and employee options.

Water Turbine Raises Capital
Sundermann Water Power Ltd has raised its second parcel of $20,000 on the Australian Small Scale Offerings Board (ASSOB). The company now has $40,00 of the $400,000 it aims to raise.

Sundermann Water Power proposes to manufacture a low speed renewable energy turbine that can generate electricity from inland waterways and tides. It works in low velocity waterways such as rivers, and in tides can generate for up to 20.5 hours in a 24 hour cycle. It is said to convert water movement into power at a very efficient rate, and in the right location can provide baseload power. The Sundermann turbine has little impact on fish and very little visual impact.


A Sundermann Turbine prototype.

The company has a test site with Southern Rural Water in Gippsland, Victoria. Read More

International Partner for Clean TeQ Holdings
Air and water engineering company Clean TeQ Holdings has gained a new joint venture partner and $2 million in equity with Japan's Nippon Gas Co becoming a 9.7 per cent shareholder.

The funds are for project activity in the company's air and water divisions, and to support new opportunities, particularly in Japan where the relationship with Nippon Gas is said to be highly prospective.

The placement follows the formation of Associated Water Pty Ltd, a 50:50 joint venture between Nippon Gas and Clean TeQ to provide water desalination in the coal seam gas industry. Associated Water will use Clean TeQ's Continuous Ionic Filtration (CIF) technology as the basis of the desalination processes. Nippon Gas has invested $4 million in the joint venture and Clean TeQ has licensed its CIF technology.

Clean TeQ CEO Peter Voigt said "This support from Nippon Gas will enable Clean TeQ to accelerate the market entry of its extensive technology portfolio into new sectors and geographies providing shareholder value following many years of investment in research and development."

Nippon Gas president and CEO Shinji Wada said "Clean TeQ owns technologies that can help in the alleviation of many of the world's environmental issues, and Nippon Gas sees many opportunities for collaboration between the companies in the Australian and Japanese markets." Tokyo Stock Exchange listed Nippon Gas is one of the fastest growing gas utilities in Japan and had 2011 revenue of $1.2 billion. Read More

Australia's First Clean Technology Accelerator
Ignition Labs, Australia's first clean technology accelerator, is now looking for five early stage companies to join the program (Eco Innovator Jan 2012). Launched by Sydney incubator ATP Innovations, Ignition Labs will help the early stage businesses secure their first customers and capital investment.

Ignition Labs has a mentor group with experience in developing early stage businesses and excellent clean technology credentials. The mentors includes Peter Le Lievre and Andrew Tanner who sold thermal solar company Ausra to Areva in 2010 for $275 million; Neill Miller, an early investor in PCTools and Seek; Nic Lowe, the founder of car sharing company GoGet; and Ben Peacock, founder of sustainability strategy and PR firm Republic of Everyone.

Andrew Stead, director Business Development at ATP Innovations. said entry into the Ignition Labs is competitive with applications closing in May. The three-month program will start in June. Businesses will gain access to $25,000 in seed capital, have intensive hands-on mentoring, and participate in an investment roadshow in Australia and the US. Read More

The Role of Angel Investors
The OECD has published a report, Financing High-Growth Firms: The Role of Angel Investors, that gives an in-depth look at seed and early-stage financing of high-growth companies by angel investors. The report says angel investors are the main source of equity financing for start-ups in many countries, yet are frequently overlooked as they are often not visible. They have also been important in financing the gaps left by banks and venture capital firms since the global financial crisis.

Over 100 people from 32 countries were interviewed for the report, which includes definitions, data, processes, and developments around the world. It identifies key success factors, challenges and trends, and discusses policy measures that promote angel investment and provides examples. Read More


Government Grants

Crude Oil Alternative
The trial of a sustainable alternative to petroleum crude oil using new technology to convert biomass feedstock into bio-crude oil is among seven cleantech projects in the latest grants from Commercialisation Australia. The $2 million to Licella Pty Ltd of NSW is an early stage commercialisation grant for proving bio-crude oil production at a commercial scale. Licella has invented Cat-HTR (Catalytic Hydrothermal Reactor) technology that can quickly convert non-food biomass into a low carbon footprint bio-oil for the production of petrol, diesel and jet fuel. The funding will be used to run optimization trials. On completion of the trials, Licella will partner with a print paper supplier to construct the first pre-commercial plant. Read More

Capturing Coal Seam Gas Water
Australian Rig Construction Holdings Pty Ltd of Queensland has won a proof of concept grant of $249,837 from Commercialization Australia for a more environmentally sustainable way of drilling coal seam gas wells and oil and gas sites. The technology combines capture and storage equipment for discharged gas and water, and has a patented transportable flare tank that burns discharged gas. The company will run a demonstration project in south east Queensland. The government said major coal seam gas players have expressed interest.

Grant for Quiet Wind Turbine
RESA Operations Pty Ltd of Queensland has won a $250,000 proof of concept grant from Commercialisation Australia for its Eco Whisper wind turbines. The turbines are almost silent and give high energy outputs suitable for mid-sized commercial and industrial applications and to replace diesel generation. They operate in high and low winds, and one turbine can produce enough power for three average homes. The turbines have 30 blades and are said to produce up to 30 per cent more power than conventional three bladed designs.
The first commercial application of the 20kW turbine is near Tullamarine in Melbourne. The company is now generating revenue and seeking investment to accelerate commercialisation. Read More

Better Aircon System
WA based HIVAP Pty Ltd has won a $138,000 proof of concept grant from Commercialisation Australia for an evaporative air conditioning technology that is much smaller, simpler and cheaper than conventional systems. The HIVAP system is also said to offer improved performance, lower energy usage and the ability to use seawater or grey-water as the fluid. The funding will help prototype a working domestic HIVAP for commercialisation.

Organic Insecticide
NSW based Innovate AG Pty Ltd has won a $1,509,899 early stage commercialisation grant from Commercialisation Australia for its development of an organic plant based insecticide for the agricultural industry including cotton. The insecticide is aimed to provide farmers with an environmentally responsible and non toxic way reduce the economic impact of a wide range of insects. The grant will assist with completing registration with the Australian Pesticides and Veterinary Medicines Authority and building a pilot manufacturing plant.

Better Baked Chicken Plus Biofuel
Technobake R&D Pty Ltd of Queensland has won a $250,000 proof of concept grant from Commercialization Australia to develop its RoastRunner rotating grilling oven. The oven is said to have the smallest footprint and to bake chickens faster using a patented heating method. It also uses less power, has safety benefits, and the unwanted chicken fat is separated for use in bio-diesel. The grant is to assist taking the RoastRunner to market.

Low Toxicity Timber Floor
Enviro Floors Pty Ltd of Queensland has received a $50,000 skills and knowledge grant for its low toxicity durable timber floor and wall coatings. The company has developed and tested timber sealing and finishing products that provide high durability and low toxicity while alleviating the health effects associated with isocyanate and organic solvents. The funding will help Enviro Floors commence manufacturing and marketing in Australia and overseas. Read More

Australian Solar Institute Grants
The Australian Solar Institute (ASI) has invested close to $12 million in 10 world class solar power technology projects under Round 3 of its grants program. The projects focus on developing concentrating solar power technologies.

Announcing the grants, the Minister for Resources and Energy, Martin Ferguson, said the projects reflect Australia's excellent track record in developing game-changing solar technology. The ASI grants include:

* $437,243 to Vast Solar Pty Ltd and partners to validate performance modeling for a 1.2 MWth solar array with high temperature receiver and thermal storage. It aims to develop a central receiver concentrating solar thermal plant that can deliver Levelised Cost of Electricity of around $100/MWh.

* $1,750,000 to RayGen Resources Pty Ltd and partners to demonstrate the world's first pre-commercial pilot of a central receiver CSP system that uses photovoltaic energy conversion. Successful completion will help advance the technology to the commercialization phase.

* $667,500 to CSIRO to examine the feasibility of using concentrated solar thermal (CST) energy with carbon capture and storage systems on coal fired power stations. This includes developing a new solar thermal reboiler for post combustion capture plants and a novel storage solution for low emissions energy.

* $242,625 to CAT Projects and partners Power and Water Corporation and Azzo Pty Ltd to develop an improved estimate for the maximum penetration of grid-connect solar generators without energy storage.

* $2 million to Solar Systems Pty Ltd and partners to develop next-generation multiple-junction solar cells for utility scale concentrating photovoltaic (CPV) solar power stations.

* $3,461,677 to Chromasun Pty Ltd and partners to develop a pilot manufacturing capability for the Chromasun Micro-Concentrator (MCT) concentrating solar thermal (CST) product. This includes a pilot deployment to provide air-conditioning directly from sunlight, and chilled water and heat for boiler feedwater. Phase 2 will see installations that will simultaneously provide electricity and hot water.

* $770,000 to Granite Power Ltd and partners including NEP Solar Pty Ltd, Yokogawa Australia, and Turbo Power Systems to develop and test a small scale concentrating solar power (CSP) system and storage. The CSP system involves proven Organic Rankine Cycle technology called GRANEX.

* $1,585,853 to CSIRO and partners to increase the efficiency of solar hybrid fossil fuels by developing new catalysts and membrane reactors to make the fuels at low temperatures compatible with conventional solar thermal storage. The syngas will be suitable for electricity production in gas turbines and for making liquid transport fuels.

* $689,500 to Barbara Hardy Institute and partners including the Whyalla Solar Oasis Consortium and AORA Solar to establish a world-class high temperature thermal storage test facility to test prototype high temperature storage systems and reduce the cost of high temperature, high density storage systems.

* $225,715 to CSIRO and partners Ergon Energy and GWA Group to develop and prototype a world-first 'firm' solar system that uses a solar energy management controller and when needed can reduce the load on the network by replacing the conventional electricity load with solar and gas back up to power an airconditioner.

ASI investment director Olivia Coldrey said the projects reflect the range and high quality of solar research and development around Australia, and the majority are industry-led. Ms Coldrey said ASI investments in developing solar technologies have to date leveraged partner contributions almost three-fold, resulting in a total leveraged portfolio value of almost $260 million. Read More

Improving Solar Cell Efficiency
The latest rounds of Australian Solar Institute (ASI) grants were announced by the Minister for Resources and Energy, Martin Ferguson, at the Sydney offices of Silanna Semiconductor Pty Ltd. Silanna was a recipient of $2.3 million to improve the efficiency of solar cells under Round 1 of the program in 2010. "Silanna has a proud history in manufacturing medical devices and defence equipment and with the support of ASI is now applying that know-how in the solar industry," said minister Ferguson.

ASI executive director Mark Twidell said Silanna used ASI funding matched with its own investment to demonstrate efficiency improvements to help reduce the cost of solar technology. "Silanna is a great example of how ASI is able to assist Australian manufacturing companies to diversify and drive innovation in photovoltaic technology," he said. "Silanna's innovations, when commercialized, will be suitable for concentrating photovoltaic applications including power plants and spacecraft." Read More

Recycling Car Batteries
Car battery recycler Hydromet Corporation has won a $1.32 million grant towards the installation of its proposed small scale lead smelting furnace at its Unanderra site near Wollongong. The furnace will recover and produce lead bullion from lead oxide paste which is generated from the company's used lead acid battery (ULAB) operation and from other waste streams such as CRT glass.

The company will finalize the economic and technical evaluation of the project including the likely feed streams and the products in the next few months. Subject to the above outcome the construction of the new plant could commence in early 2013. The project is expected to cost about $4.6 million.

The grant is under the first round of the lllawarra Region lnnovation and lnvestment Fund (lRllF).The balance of the project cost will be funded from internal resources and a capital equipment finance arrangement.

Organic Recycling Upgrade
Soilco Pty Ltd of Kembla Grange near Wollongong has received a Federal Government grant of $685,960 to significantly upgrade to an organic materials processing and recycling facility. The project will involve total expenditure of $1,536,920 and create 10 new jobs. The grant is under the first round of the lllawarra Region lnnovation and lnvestment Fund (lRllF). Read More

Round 2 of Illawarra Region Innovation and Investment Fund
Round 2 of the Illawarra Region Innovation and Investment Fund (IRIIF) is now open to applications and closes on 25 May. 13 projects were offered funding under Round 1 of the (IRIIF), including two environmental companies.

The $30 million Fund supports the Illawarra region by stimulating investment and diversifying its economic and employment base. It funds new investment that creates quality, skilled and sustainable job opportunities in the Illawarra region.

Eligible investment includes creating new or additional business capacity to enhance employment, business and economic opportunities in the Illawarra Region.

IRIIF was established by the Australian and NSW Governments and BlueScope Steel following BlueScope's restructure of its operations and subsequent job losses in the region. Read More

BioGill Agent Wins Clean-Tech Grant
Newly appointed BioGill agent, Environmental Water Services (EWS) in South Australia, has been awarded a Clever Green Innovation Grant. The grant is to integrate BioGill technology into EWS's GO TREAT system for treating commercial high strength wastewater streams. BioGill said the outcome will be a plant that can be used initially in the food and beverage industries where biological oxygen demand (BOD) is high.

Clever Green Eco-Innovation Program
The South Australian Government's $1 million Clever Green Eco-Innovation Program is now open to help local companies adopt sustainable manufacturing strategies and develop and implement innovative solutions that promote resource efficiency and re-use.

The program encourages South Australian manufacturers and local innovators to partner and adopt environmentally-sustainable strategies. Tom Koutsantonis, the minister for Manufacturing, Innovation and Trade, said funds from the program must be used by two or more manufacturing or service companies to minimize the environmental impact of their business and promote sustainability.

Two types of funding are offered: a grant for a pilot plant, infrastructure or to introduce new technology based on a dollar-for-dollar co-contribution of up to $350,000; and a fully-funded feasibility or business development study grant to identify and quantify the costs and benefits of implementing resource efficiency or waste minimization projects. The Clever Green Eco-Innovation program will run until 30 June, 2013. Read More

Funding for Victorian Hydro-Electric Technology
Cetus Energy had been granted funding of $1.6 million under the Victorian Energy Technology Innovation Strategy (ETIS) to demonstrate its cutting-edge hydro-electricity technology at AGL's Rubicon Valley hydroelectric plant north-east of Melbourne.

Cetus Energy's blade turbine system can harness the power of open water flows from multiple directions, where conventional hydro power plants can only harness water flowing in one direction and thus miss out on potential energy. "This exceptional Victorian-developed technology can extract significant energy from outfall flows that cannot be tapped by normal hydro power plants," said the minister for Energy and Resources, Michael O'Brien.

The Rubicon Hydroelectric Scheme commenced in 1922, and was the first state-owned hydroelectric scheme in mainland Australia. Cetus will install a 100 kilowatt system in the outfall flows of the Scheme, with 10 turbines drawing energy from the water flowing in the channel system. The project aims to demonstrate the ability to add significant electricity generation capacity to existing hydro-electric assets without the need for major infrastructure investment or upgrades. Read More

Direct Use Geothermal for Heating and Cooling
The Victorian Coalition Government has provided a $1.6 million Energy Technology Innovation Strategy grant to support the University of Melbourne and its partners to demonstrate the efficiency of direct geothermal to heat and cool buildings. A direct geothermal system uses a heat pump to draw heat from the earth near the surface to warm buildings in winter and reverses the process to cool buildings in summer.

The University of Melbourne will install direct geothermal heating and cooling systems into 30 to 40 buildings across Victoria as part of the project, which will cost over $3.8 million. Performance will be used to educate building trades, industry and developers about the potential for direct geothermal heating and cooling systems to be installed during construction; develop design guidelines for systems suited to Victorian conditions; and inform the development of an Australian Standard for the installation of direct geothermal.

"The long term goal of the project is to develop direct geothermal into a commercial technology that will rival conventional systems to heat and cool buildings," said the minister for Energy and Resources, Michael O'Brien. Read More

Innovation Voucher Winners
Two projects to develop environmentally friendly technologies for recycling waste metal and treating sick sheep are among 14 winners who share $260,000 in the lastest round of the WA Innovation Vouchers Program.

Wintermute Metals Pty Ltd is developing a more environmentally friendly process to recycle platinum group metals from car wrecks and exhausts, while Cocky Smart Pty Ltd is engaging a commercialization expert to progress an environmentally friendly, safe and effective repellent against flystrike in sheep.

Under the program. companies receive up to $20,000 to undertake research and development, product development, technology transfer, intellectual property or commercialization support services. The grant is used to engage professional skills and services to help turn innovative ideas into a commercial reality. Read More

Government Policy

Clean Energy Finance Corporation Review
The Federal Government supports all the recommendations of the independent Clean Energy Finance Corporation (CEFC) Expert Review, saying the CEFC is a vital part of its clean energy future strategy. The recently released review gives three principles on where and how the CEFC will invest.

The CEFC will focus its investments on renewable energy, low-emissions and energy efficiency technology, as well as manufacturing companies that produce the inputs.

Secondly, it will apply commercial rigor to its investment decisions. Investments must be beyond the research and development stage, have a positive rate of return and have the capacity to repay capital. The CEFC will manage risk to achieve a target rate of return and aim to be financially self-sufficient.

Thirdly, the CEFC will examine financial barriers and determine whether an investment can be structured to overcome those barriers. Investment proposals will be assessed on a case-by-case basis. In tailoring investment the CEFC will be able to provide funds; change the allocation of risk among participants; lengthen the available duration of loans; and offer an appropriate concessional cost of fund. Its terms will be the least generous required for a project to proceed.

The CEFC will bring rigour in assessing its investments, but will also facilitate transactions where they may face barriers to private investment. The CEFC will be established through legislation in the coming Budget to enable it to commence investing from 1 July 2013.

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The Review Panel, led by Ms Jillian Broadbent AO, was appointed to advise on the design of the $10 billion CEFC, which will play a crucial role in driving the investment needed to develop and deploy new clean technologies, said the government.

The CEFC will be based in Sydney.

The CEFC report has been welcomed by many industries. For example, the Australian Solar Energy Society (AuSES) said it provides the foundation for substantial investment in community, commercial-scale and Big Solar. The report is Here.

Finance Heavyweights Support Clean Energy Finance Corporation
A Deloitte study of over 40 senior executives from banks, super funds, venture capital firms and major investors has found overwhelming support for investment through a well designed Clean Energy Finance Corporation (CEFC), according to the Clean Energy Council.

Interviewees indicated the CEFC should ideally "act as a co-investor to help unlock capital from large institutional investors, major banks and international markets".

Clean Energy Council acting Chief Executive Kane Thornton said the $10 billion CEFC would help to overcome the "fear of the unknown" faced by new technologies when they were seeking investors. "Investors are keen to support new clean energy technologies, they just need the CEFC to help share the investment load and to take a longer term view," said Mr Thornton.

"Like all new energy technologies, private investors alone won't deliver the full finance necessary to scale up to commercial operation. The CEFC should play a role in sharing a part of the risk associated with new technologies, in order to turbo-charge the development of clean energy in Australia," he said.

The Deloitte study helped to identify potential financing gaps and market failures where the CEFC could be most effective, including: projects in the capital intensive phase of technology development, smaller scale projects which don't meet the requirements of major banks for financing, reluctance to invest in technologies with no track record, and capital for technologies such as grid transmission, storage and smart grids. Read More

Queensland Government Axes Environmental Programs
Like its recent Victorian and NSW state equivalents, the incoming Queensland Liberal- National Government has made a big issue of immediately cutting environmental programs. The Australian newspaper reported that one of new premier Campbell Newman's first acts was to end eight environmental programs. Some of these affect innovative technologies.

The Liberal-National government has cut $75 million in state funding for the Solar Dawn solar thermal project near Chinchilla, part of the Federal Labor government's $1.2 billion Solar Flagships Program. This may put the project at risk.

Mr Newman will also axe seven other green schemes, These are the $430 million Queensland Climate Change Fund, the $50 million Renewable Energy Fund, which supports the Geothermal Centre of Excellence, the $50 million Smart Energy Savings Program, which helps businesses improve energy efficiency, the Waste Avoidance and Resource Efficiency Fund, the Local Government Sustainable Future Fund and Solar Initiatives Package, and the Future Growth Fund which last year put $405 million towards transport and water infrastructure, clean-coal technology and climate change projects.

Mr Newman said he axed the programs because the carbon tax will make them redundant, perhaps suggesting he thinks that his Liberal party colleague Tony Abbott will not win the next federal election. Mr Abbott has vowed to end the carbon price.

Mr Newman also closed the ClimateSmart Home Service program early seven months early, but will retain the solar feed-in tariff. Read More

Grant to Assist Geothermal Exploration
The Australian Government has awarded a $1.9 million grant to a $5 million project by National ICT Australia Ltd to provide enhanced data for targeted geothermal exploration and reduce its costs and risks.

National ICT Australia Ltd's data fusion initiative will take existing geothermal data from a wide variety of sources and apply modern statistical machine learning and data fusion methods. The result will be software that improves the process of exploration, discovery and characterization of geothermal targets for the benefit of industry.

This is the first project to be funded under the Australian Government's $126 million Emerging Renewables Program managed by the Australian Centre for Renewable Energy (ACRE). It has received support from several universities, key Australian industry players and the South Australian Government. Read More

Victoria's Cleantech Industry Study
The Victorian Department of Business and Innovation is developing options to support the development, growth and export of cleantech products and services, and has engaged WSP Environment & Energy and Marsden Jacob Associates to conduct an industry survey to benchmark and measure the performance of Victorian cleantech companies and the subsectors in which they operate.

The research will assist the government to understand cleantech in Victoria, including barriers and opportunities, and ensuring that any future industry development activities are focused on high growth, high value-add areas.

Cleantech companies, R&D institutions, advocacy organizations and investors can participate through a web-based survey that takes about 15 to 20 minutes to complete. Companies can register their interest in doing the survey by emailing to: cleantech@wspdigital.com with 'DBI Cleantech Study' in the subject line, or phoning Kristy Riddell on (03) 9412 5116.

Review of Waste to Energy Facilities
A comprehensive review of waste to energy facilities around the world is being conducted by the WA Environmental Protection Authority (EPA) and the Waste Authority. The review will examine the technologies used in Europe, USA, Japan and Australia, and provide the state government with the most up-to date information on waste to energy technologies.

Environment minister Bill Marmion said the study will look at technologies including gasification and incineration and the way facilities are designed, operate, their emissions and their regulatory framework.

It will focus on the processing of mixed non-hazardous waste including municipal refuse and commercial waste and low level hazardous waste such as tyres, paints and common solvents. It would not look at high level hazardous waste or hospital waste.

The minister said waste to energy facilities are an important way of ensuring waste is used for a social and economic purpose rather than being dumped in landfill. Advice from review is expected to be published by EPA by end of year

Australian Innovation Festival Program
Innovation continues to be the key to unlocking Australia's and NSW's competitive advantage, said NSW premier Barry O'Farrell. "It represents the spark of genius needed to meet current challenges including our position in an increasingly connected global economy, advances in technology, and a growing and ageing population."

In his Introduction to the Australian Innovation Festival, Mr O'Farrell writes "Now, more than ever, it is critical we strive to achieve and celebrate new innovations. The Australian Innovation Festival helps us do that by showcasing the best of Australia's entrepreneurial spirit. The Festival's 2012 theme, Creating the Knowledge Economy, signals the way forward as Australia transitions to an interconnected knowledge economy where expertise is as critical as other economic resources."

The premier said NSW is building our knowledge economy through its 10 year strategic plan, NSW 2021 - A Plan to make NSW number one. Read More on the Australian Innovation Festival and on NSW 2021 - A Plan.

R&D Tax Incentive Requirements
AusIndustry has released a publication to help businesses understand the registration requirements for the R&D Tax Incentive. The publication outlines what information is needed when businesses commence registering for the Incentive from 1 July 2012 and provides additional explanations to help complete applications. Businesses can register for the R&D Tax Incentive from 1 July and the online smart form will be available in June.

The minister assisting for Industry and Innovation, Senator Kate Lundy, said the new R&D Tax Incentive represents the biggest reform to business innovation support in more than a decade.

The R&D Tax Incentive increases the rates of support for eligible research and development activities. For small and medium sized businesses with annual turnover of less than $20 million the rate of support above the normal tax deduction has doubled from 7.5 cents in the dollar to 15 cents in the dollar - a total tax offset of 45 cents in the dollar.

"This is particularly helpful for small and medium sized businesses seeking to improve their productivity through innovation," Senator Lundy said. The publication is Here.


Milestones

Predictable Tidal Power
An Australian company says the commercialization of predictable tidal power is becoming a reality with the signing of international production licences for its SeaUrchin marine power generator. Elemental Energy Technologies Ltd, has issued exclusive independent licenses for the manufacture and distribution of the SeaUrchin for China, South Korea, Japan, India, ASEAN and the African Union.

"Our licensees in these key markets have the resources and expertise to take the technology to the next stage of full commercial deployment," said EET chairman, Kim Lyle.

"As a company whose core business is devising innovative renewable marine energy technology, we have focused on the principle that the keys to successful commercialization lie in the timely delivery of a superior product that outperforms all current alternatives at the lowest capital, installation, operating and maintenance costs.

The SeaUrchin can be mass produced from proven, inexpensive materials and components used by boat builders and marine electrical equipment makers. Importantly, it has only one moving part and is expected to be around half the cost of competing marine generators to manufacture, install and maintain.

The Third Generation SeaUrchin technology addresses the problems of previous designs and adds solutions to maximize power extraction from free flowing water, including ocean currents, tides, rivers or canals.

Elemental Energy Technologies has a portfolio of patent applications, research and proprietary know-how for a simple and efficient, environmentally-friendly marine Vortex Reaction Turbine Generator. The generator exploits the principle and power of an ocean whirlpool. It can harness up to four times more power and is up to 70 per cent more efficient than many conventional propeller driven tidal generators.


Prototype SeaUrchin undergoing tests.

The SeaUrchin concept has been researched and proven over the last seven years. Prototypes were developed by an Australian-led international engineering team and designed, manufactured and tested in Newcastle and Pune in India.

"The SeaUrchin is ecologically sound. It can't be seen from the shoreline and has little environmental impact on either the sea floor or marine life," said Mr Lyle. Read More

Algae Pilot Plant
The Bioenergy Australia newsletter reports that Algarythm Pty Ltd, the operating company of the Darke Peak Algae Biofuel Commercialization Project, has developed a new method to grow algae on a commercial scale and is developing a pilot plant on a 2.4 hectare site at Darke Peak on South Australia's Eyre Peninsula in conjunction with Flinders University.

The pilot demonstration plant will produce 165 tonnes of algael biomass per year, including enough oil to produce 100,000 litres of biodiesel. It will have a low cost gravity fed pond system and red LED algae photobioreactors to increase algae density. The facility will have oloid pond mixing nanotechnology, local saline algae species, use waste from onsite native food fish, and have biofuel processing facilities,

Algarythm says it is committed to producing a turn-key solution for algae based biofuel production suitable to the agriculture, mining, waste water and aquaculture industries to ensure that any waste produced from the processes involved can be utilized and turned into a revenue stream for any company with a resource based process. Read More

Better Place to Recharge
Electric car commercializer Better Place has installed two electric car charger posts each at the National Convention Centre in Canberra and at the Novotel Canberra hotel. The chargers are in the car parks, so electric car drivers can plug in and top-up their battery while at the venue or hotel. Four electric cars can charge at once using two spots.

Better Place uses only renewable energy in its electric car network, and has so far installed nearly 100 charge spots across Australia. Read More

Company Buys Water Cleaning Technology IP
The intellectual property for a water cleansing technology developed by scientists at the Australian Nuclear Science and Technology Organisation (ANSTO) has been sold to BioGill Environmental Pty Ltd, which has been commercializing the technology. (Eco Innovator March 2012)

The technology was the winning entry in the ABC's 2006 The New Inventors program. It can treat grey water, sewage and wastewater from aquaculture, and food and beverage processing. It also has potential for cleaning water on ships, offshore platforms and remote islands with sensitive environments.

Sydney based BioGill Environmental said the biogills work by gravity feeding wastewater and grey water over above-ground Nano-Ceramic Membranes, which provide oxygen-rich conditions for bacteria and fungi to multiply, resulting in accelerated treatment and using considerably less energy than conventional wastewater treatment systems.

Minister for Science and Research, Senator Chris Evans, said "Selling the intellectual property allows this company to continue to grow and attract substantial overseas interest and investment. Read More

Australian Wind Technology for Kenya
A state-of-art lidar (laser radar) system acquired and extended by the CRC for Contamination Assessment and Remediation of the Environment (CRCCARE) is being used to perfect the design of what could become the world's largest wind farm, The first stage of the project, at Lake Turkana in northern Kenya, will have 365 turbines producing 300 megawatts of power, and this could one day grow to as much as 2,000 MW.

"It's an absolutely massive project - in renewable energy terms it's the equivalent of discovering a major oil field. It will supply 20-30 per cent of all Kenya's power needs, and potentially neighbouring East African countries," says John Sutton, of CRC CARE and Curtin University, who developed the sophisticated lidar analytical technology.

"It's in really unusual country, very hot, dry and windy - like parts of Australia. The project needs detailed models and maps of the wind flow over this complex terrain to design the farm and place the turbines in the best locations. Our technology was able to measure the wind field at points every 100 metres across the entire landscape every 10 minutes with precision. The results were used to validate the models being used to design the wind farm.

"This is truly powerful technology. The wind farm means the economies of Kenya and East Africa can now accelerate their economic development. That in turn will bring a profound change to the lives and opportunities of millions," he says. Read More

Water Treatment Acquisition
Water treatment company Hydramet has been acquired by TRILITY. Hydramet is a medium sized enterprise established in 1989 with blue chip clients and significant market share in delivering and installing equipment and systems for chlorination, water treatment and chemical metering.

Hydramet has 48 employees and operates in WA, SA, NSW, Tasmania, NT and Victoria. It has a strong presence in the Goldfields and Pilbara in WA where it operates a large number of facilities. It provides a one-stop shop for design, supply, installation, training, maintenance and support, and annual or long term maintenance and servicing contracts on all its water treatment systems. This enables synergies with TRILITY, which has significant market share in the municipal market for the design, construction and operation of water and wastewater treatment plants. Read More about TRILITY and about Hydramet.

Glass Recycler to Expand
Glass recycler Colmax Glass is looking to expand its Brisbane facility to take advantage of new infrastructure grants in Queensland. The company says there is a significant opportunity through the state's Waste Infrastructure Grants, which can match any Colmax investment in new equipment.

Colmax produces glass in a variety of colours and grain sizes through what it says is a world leading technology. The glass is sold directly to major manufacturers for products such as fibreglass insulation batts, glass bottles, road surface lane marketing, water filtrati on material and abrasives blasting media.

Revenue has increased from around $250,000 in 2007 to just under $4 million last year, and is forecast to achieve $4.5 million in 2011-12. Colmax has been expanding since its inception in 2005 and is looking for new equity investors through Wholesale Investor to help fund and share in its growth. Along with four plants in Australia, Colmax is also looking to expanding in suitable markets overseas. Read More

China's 700 Million Pigs Problem
Australian scientists are helping to solve one of China's biggest problems - what to do with the waste produced by its 700 million pigs. Working with Chinese scientists and technology firm HLM Asia Ltd, the CRC for Contamination Assessment and Remediation of the Environment (CRC CARE) has helped develop novel digester technology to help deal with the estimated 1.4 million tonnes of manure and 7million tonnes of urine produced each year by the growing Chinese pork industry.

CRC CARE managing director professor Ravi Naidu said the new technology can produce clean energy (biogas), fertilizer and other valuable products. Currently only about a tenth of China's piggery waste is treated. The nutrients lost in the waste of one pig alone are worth about $50 a year, but there is no technology in place yet to recover and this resource, he said.

Professor Naidu says the joint project has developed a two-step underground anaerobic bioreactor, and established the settings for load and digestion time. It has identified a particular combination of anaerobic treatments that can recover the nutrients and produce clean biogas energy as well. "The technology has been demonstrated in the field and is now being scaled up to treat large volumes of wastes from a number of piggery farms," he says. The technology is now moving to full-scale trials, and has potential applications in other industries around the world. Read More

Global GreenTag Accreditation
Ecospecifiers Global GreenTag was recently accredited by the Australian Consumer and Competition Commission (ACCC) as a National Certification Mark. The company says this gives the Global GreenTagCert scheme and logo the highest form of independent recognition possible, making it one of only a few of its kind in the world.

Other Certification marks on this level are WOOLMARK, The Heart Foundation Tick and The Buy Australia Kangaroo Mark.

"The Global GreenTag logo now further signifies the confidence, faith and trust consumers and professionals can have in any product carrying the Global GreenTag Mark. Any product now associated with the Global GreenTagCert Mark has a strong marketing edge within its industry. Its global, on-site audit and robust, whole of life cycle assessment based certification program eliminates any form of risk or doubt that the products' sustainability claims might be 'greenwash' increasing purchaser and specifier trust in manufacturers' brands," said Ecospecifier.

Product sectors covered by Global GreenTag include building products, textiles and fabrics, papers and packaging, paints, furniture and bedding and soon, personal and cleaning products, sanitary and baby goods. It assists innovative manufacturers to have their products recognized for their environmental qualities, and gives green building professionals and consumers an easy to understand rating system for green products. Read More

Bantix Appoints National Distributor
Bantix Worldwide has appointed Garrards Pty Ltd as its national and Pacific Rim distributor for the supply of its Mosquito Slayer products into the professional pest management industry, councils and governments. Garrards is the largest supplier of chemicals, tools, machinery and traps etc into this industry in Australia, New Zealand, Papua New Guinea and Pacific Islands.

Bantix Worldwide managing director, Andrew Coventry, said its M-Tech Mosquito Traps provide an environmental and proven alternative to the pest industry to help defeat the mosquito problem.


The Mosquito Slayer PRO solar unit supplied to mining companies.

Bantix Worldwide has issued a replacement offer document due to changes in the business that have occurred over the past 12 months. Bantix is raising $1 million in return for 19.6 per cent equity. The funding is to commercialize the mosquito trap in the USA, which is the world's largest retail market. The company is undertaking the raising on ASSOB and is being assisted by BlueMount Capital (Qld) Pty Ltd. Read More

Next Generation Biofuel Technology
New Zealand clean energy company Aquaflow Bionomic Corporation and its technology partner CRI Catalyst Company (CRI) believe they can make refining next generation biofuels a commercial reality in New Zealand and in overseas projects within three years.

CRI has exclusive global sub-licensing rights to IH2 technology, a commercially viable renewable fuel process developed by Gas Technology Institute (GTI), and which is ready for infrastructure investment. The companies have brought together Aquaflow's capability with algae, mixed and varied feedstocks, and CRI's IH2 licence to prove their commercial effectiveness in producing hydrocarbon fuel.

Aquaflow director Nick Gerritsen said "This is a robust and highly integrated technology package which can leapfrog other biomass to biofuel technologies because it goes straight to blended fuel stock and avoids intermediate pathways. We should be able to produce renewable hydrocarbon fuel that is equivalent to fossil fuel at a cost that is highly competitive with the current per barrel price of crude oil."

"The combination of Aquaflow multi-biomass feed and CRI IH2 technologies means that any biomass - algae, wood waste, agricultural waste such as vine prunings, invasive weeds like gorse or broom and solid waste, can be turned into renewable transport fuels. The technology is self-sufficient and means that regional fuel refining is now a real possibility."

Gerritsen says the next step is to secure investment. "Plans to demonstrate IH2 technology at the 5-200t/d scale are currently underway. We have a viable technology that's ready to go," he said.

Aquaflow recently welcomed Roger Gower and Anake Goodall to its board. Anake Goodall is an experienced chief executive officer, a director of Meridian Energy, a member of the Environmental Protection Authority, and an Adjunct Professor at the University of Canterbury. Roger is an experienced executive and company director, and was an executive at Air New Zealand, a former head of the Freight Group of Tranz Rail, and has a management consultancy business providing advice and capital to start-ups. Read More about Aquaflow and CRI Catalyst Company.

BuildingIQ With US Partner
BuildingIQ has joined forces with Schneider Electric in the US to provide its energy management solution to commercial building owners and facility managers. Announcing their partnership at the recent Cleantech Forum San Francisco, the companies said the fully integrated energy management solution first predicts and then automatically optimizes a building's energy use, continuously adjusting the building management system's settings to deliver savings.

Orlando Perez of Schneider Electric said "We look globally for companies that we can bring to the table for our clients…BuildingIQ was one of those companies, we decided their technology was far advanced vs. the competition." Read More

CO2 to Fuel Pilot Plant
Greenearth Energy says its Israeli based joint venture project NewCO2Fuels Ltd could have a pilot demonstration of its laboratory proven CO2 to Fuel conversion technology up within the next two years to help reduce emissions by domestic and international brown coal users.

NewCO2Fuels Ltd, headed by professor Jacob Karni and his group at the Weitzman Institute of Science, have developed the conversion technology that uses concentrated solar energy to dissociate carbon dioxide (CO2) to carbon monoxide (CO) and oxygen (O2). At the same time the system can also dissociate water (H2O) to hydrogen (H2) and oxygen (O2). The CO, or the mixture of CO and H2, is a syngas that can be used as a gaseous fuel in power plants or converted to liquid fuel such as methanol for possible use in motor vehicles.

Greenearth chairman Rob Annells said "We believe that our laboratory proven CO2 to Fuel conversion technology has the potential to allow the State of Victoria to further utilize its vast brown coal resources into the future by adopting this revolutionary new conversion technology when commercially proven.

"In addition by way of our worldwide research and license agreement with the Weitzman Institute of Science we have a potential opportunity to work with Victorian brown coal export partners to adopt our technology in their countries and utilize our States' brown coal reserves in a more environmentally friendly way." Read More


Management

Qponics Appoints Technical Specialist
Qponics has appointed Simon Tannock as Vice President - Engineering & Technology. Qponics is developing an aquaponic system to grow algae for the organic production of vegetarian oil high in EPA and DHA omega-3 fatty acids, which are essential for good health.
Its strategy is to access the key technologies for commercial-scale aquaponic algal oil production through partnerships with specialist companies.

Simon brings advanced knowledge and hands-on expertise in algal engineering, said chief executive, Dr Graeme Barnett. "His role will initially be part-time assisting the company in planning the integration of technologies."

Mr Tannock's background is in biotechnology and environmental engineering and he is presently Project Engineer at the University of Queensland where he is designing and building an algal bioreactor system for the production of algal biofuels and biomass. Simon holds degrees in biochemistry and horticulture and will submit his PhD in environmental engineering in May. Read More


Marketing

Eureka Prize for Commercialisation of Innovation
Entries for the $10,000 Eureka Prize for Commercialisation of Innovation close at midnight on 4 May. The prize is sponsored by Rio Tinto, and is awarded to an individual, group or organization for the commercialization of a new idea, knowledge or invention in the past 10 years that has created significant value in Australia during that time.

Value could include acceptable returns to capital providers, employment creation, payment to local suppliers, taxes to the Australian Government, and so on.

The Prize rewards the creator of the value from the innovation - the entity responsible for its commercialization. Joint applications between the knowledge creator and the commercialization entity are encouraged. For example, between the scientist and university spin-off company or a joint venture between a university and a corporation. Judging criteria include demonstrated commitment to social and environmental best practice. Read More

Wastewater Innovation Wins International Prize
Bilexys Pty Ltd has won the Pre-Revenue Track award in the US$200,000 Imagine H20 2011 Prize - said to be the world's premier competition for water start-up companies. The prize includes cash and in-kind services, and will help Bilexys move into its next phase of product development and accelerate the transfer of the technology to customers.

The Bilexys technology converts wastewater into high-value chemical products including sodium hydroxide and hydrogen peroxide. It can be installed as an add-on to existing wastewater treatment sites and produce chemicals at the point of use, eliminating the shipping and handling of chemicals. The chemicals are potentially less expensive and have a lower CO2 footprint than traditional chemical manufacturing techniques.

Brisbane-based Bilexys (Eco Innovator March 2012) was formed by University of Queensland commercialization company, UniQuest, to commercialize an innovative wastewater technology developed at the university's Advanced Water Management Centre.

UniQuest Commercialisation Manager and Bilexys Business Development Manager Paul Barrett said "This award is excellent recognition of the commercialization journey Bilexys has been on over the last few years, where we have translated an invention in the lab to a prototype installed on a customer's site." Read More

Prime Minister's Water Wise Awards
Commercial and industrial companies that can demonstrate recent water savings are encouraged to nominate for the 2012 Prime Minister's Water Wise Award. Nominations close on 20 July.

Senator Don Farrell, Parliamentary Secretary for Sustainability and Urban Water, said "This is Australia's premier award recognizing water efficiency excellence in the commercial and industrial sectors, which typically account for between 15 and 20 per cent of all water used in Australia. I encourage any companies that can demonstrate notable reductions of water use, in comparison to similar facilities, to nominate for the award."

Judging is based on water savings and takes into account innovation, excellence in project delivery, and the ability for approaches to be replicated at other facilities.

The 2011 Award was won by Queensland-based landscape supply company, Nursery Traders. The company was recognized for water harvesting and recycling projects that reduced reliance on potable water by 98.5 per cent per hectare.

The Prime Minister's Water Wise Award is part of the Water Efficiency Opportunities program, under the Australian Government's Water for the Future initiative. Read More

Smart Grid Simulation Technology in Europe
Artificial intelligence company Intelligent Software Development (ISD) recently presented its pioneering consumer simulation technology at the Clean Tuesday Smart Grids forum in France. The forum is for the presentation of innovative technologies relating to smart grids for energy and water.

ISD's Simulait software can analyze complex data from smart grids about consumer behaviour and enable utilities to formulate better strategies to influence consumer behaviour at critical times to minimize disruptions such as blackouts.

ISD says it has gained strong interest in its consumer forecasting and analytics technology since entering the European market this year. The company's global expansion is facilitated by its hosted web application software, Simulait Online, which provides international clients with on-demand access to its technology.

Simulait has been used in the water, energy and retail sectors to assist with strategy, policy, demand management, capital planning, micro-marketing, load forecasting and risk management.

ISD was recently awarded $50,000 through the South Australian Government's Cleantech Partnering Program to enhance its cutting-edge software. Read More

The Plastic Bottle Crusher
Recycling Solutions, which is developing the Plastic Bottle Crusher, won the Best Green Start-up in the StartupSmart Awards 2012. The company is manufacturing the machines in China and will then distribute and license them from its Gold Coast base.

Founder John Cross said "I am passionate about recycling and educating people in recycling and I realized a great business advantage in this product with global markets." He said the research, development and engineering required to design and build the machine has been his greatest challenge, and climbing this intellectual property hurdle has been one of his key achievements so far.


The Plastic Bottle Crusher .

The company was founded in 2010 and has two employees and revenue of $95,000.

His key advice is to always obtain professional advice. "Find the best firm in each field required, learn from them, always be friendly and you can get a lot more for your dollar." Read More

Queensland Water Awards
Nominations are open for the Queensland Water Awards, an annual program to promote outstanding work by individuals and organizations in the water sector. Winners will automatically be entered in the 2013 National Awards. The categories include Water Professional of the Year Award, Infrastructure Innovation Award, Program Innovation Award, Undergraduate Water Prize, and Water Research Merit Award. The deadline for nominations is 1 June. Read More

Dragon's Den for Aspiring Entrepreneurs
The Innovation Centre Sunshine Coast (ICSC) hosted a Dragon's Den style National Business Pitch Competition on 3 May to support aspiring entrepreneurs. The competition encouraged entrepreneurs and students from around Australia to submit an innovative business plan or idea for the opportunity to win $15,000 in prizes including $1,000 cash, a $2000 MacBook Air Laptop and business service packages from sponsors redchip lawyers, BDO, RADBE Consulting, Fisher Adams Kelly, Traffika, and ICSC.

Innovation Centre CEO, Mark Paddenburg said "In these economically challenging times, entrepreneurs have to do more work to gain recognition and attract investment in the increasingly competitive environment, which is why opportunities like this are important."

The top ten entries were shortlisted and presented to an audience and a panel of potential investors, similar to the popular TV show, Dragon's Den. The finalists were then be given the opportunity to further impress the judges, venture capitalists and angelinvestors in a final pitch. Read More

The Green Globe Awards
Businesses and individuals who can demonstrate significant environmental achievements in NSW are encouraged to apply for a Green Globe Award, said to be the leading environmental awards in the state recognizing excellence, leadership and innovation.

Key awards are for the successful development and production of a new technology to improve the production or efficiency of clean energy, and to improve water, and waste or recycling efficiency. There are also awards for sustainability achievements by business.

The 13th annual Green Globe Awards will help entrants to gain public recognition at the highest level in NSW; showcase innovative work, expertise and vision; network with industry, government and environmental leaders; share ideas with key stakeholders; and build their corporate reputation.

Entries close 7 June. The finalists will be announced in August, and the winners presented at an invitation-only ceremony hosted by the Minister for the Environment in September. Read More


Opportunities

Enhancing Nature-Tourism Opportunities
The Australian Government is calling for ideas to develop nature-based tourism in and around what it calls Australia's National Landscapes. These are 16 destinations of outstanding beauty and cultural significance, iconic places such as the Kimberly, the North, Kangaroo Island, Ningaloo-Shark Bay, the Red Centre and the Great Ocean Road.

The Minister for Tourism, Martin Ferguson, said "The Australia's National Landscapes Project will help the Australian tourism industry better develop engaging nature-based tourism experiences to increase visitation to some of Australia's most distinct and rich environments."

The $1 million project will help provide visitors with the unique nature based experiences, which could heli-hiking, cycling trails or "voluntourism" opportunities. It will also address the nuts and bolts of strategic planning, regional tourism development and product development.

Minister Ferguson said there was still enormous untapped tourism potential in Australia's extraordinary natural landscapes. The government wants to help operators around the National Landscapes to come together, better coordinate development opportunities, and enhance the value of tourism to regional economies.

Applications for grants close 30 May. Read More


The Future

Supercharged Safflower With Oil
New varieties of the safflower plant that contains the world's highest levels of valuable oleic acid are in the pipeline for grain growers, and allow them to produce renewable, sustainable plant oils that will replace petroleum-based feedstocks in the manufacture of industrial products.

Breakthrough research at CSIRO has produced safflower seed oil that contains more than 90 per cent of this fatty acid, the highest level of purity of an individual fatty acid currently available in any plant oil.

Dr Allan Green, Deputy Chief of CSIRO Plant Industry, said the breakthrough safflower oil combines high-purity for industrial chemical production with tremendous stability for direct use in industrial lubricants and fluids, creating a versatile, valuable industrial raw material.


The new safflower

The future global demand for high purity oleic acid oil could require over 100,000 hectares of this 'super-high' oleic safflower, which is comparable to the size of the cotton industry in Australia. Dr Jody Higgins, Senior Manager Commercial Grain Technologies at the GRDC, said the breakthrough could create a new crop industry in Australia, initially suitable for farmers in northern NSW and southern Queensland.

The CSIRO team used gene silencing technology to boost the level of desirable oleic acid in the seed by switching off its conversion to the undesirable polyunsaturates. Read More

Green Cap for Contaminated Land
A new technique for capping and cleansing old urban landfill sites and mine dumps trialed in South Australia was successful in reducing rainwater flow into old dumps that could release pollution into groundwater and streams or greenhouse gases into the atmosphere. The phytocapping technique uses green plants that can later be harvested to produce clean energy.

The CRC for Contamination Assessment and Remediation of the Environment and technology firm FibreCell Pty Ltd used a combination of a clay cap and giant reeds to seal an old landfill.

The Leader of CRC CARE's Prevention Technologies Program, professor Nanthi Bolan said "The giant reed reduces the amount of water which enters the old landfill. This in turn reduces organic decomposition which leads to greenhouse emissions from the landfill, and it prevents toxic chemicals and heavy metals from leaching out of the landfill."

The giant reeds grow so fast they can be harvested for use in producing electricity or methanol for use as a fuel, or biochar for use for carbon sequestration and as a soil improver in agriculture.

"This makes the process of cleaning up an old toxic dump useful and potentially quite profitable," he said.Read More


Reports

Australian Cleantech Review 2012
The Australian Cleantech sector is profiled in Australian Cleantech Review 2012, which provides an overview of the location, activities, revenue, employee numbers and funds raised by all of Australia's leading cleantech companies.

The report is published by Australian CleanTech, a research and advisory firm that works for cleantech companies, investors and governments to deliver both an understanding of and growth in the sector.

John O'Brien, managing director of Australian CleanTech, said "This is the third version of Australian Cleantech Review and it has been used extensively by investors and governments wanting to understand the sector. This year we have expanded the coverage of companies to provide a more detailed profile. We have found that it is already a significant sector and one that is growing fast."

The analysis of 1,160 Australian cleantech companies reviewed shows the leading sectors of activity and which regions are most active. As a sector, the companies had combined revenue of $26 billion and employed 45,000 people. They were involved in capital transactions totaling $2.9 billion during the 2011 calendar year in 119 separate capital transactions. Read More


Events

Third Annual Eco Innovation Forum
The Third Annual Eco Innovation Forum is ideal for entrepreneurs commercializing an environmental technology or business. The Forum has 11 expert speakers on technology commercialization and raising capital -

* The Federal Government's main agency for delivering incentives and programs to commercialize technology

* Two leading cleantech venture capital firms

* Australia's first specialist cleantech stock exchange

* Australia's first cleantech accelerator

* Australia's largest capital raising platform for unlisted companies

* Two leading angel and private investor groups

* A leading intellectual property law firm

* Two environmental entrepreneurs in wastewater recycling and solar technology with interesting stories to tell.

The Forum is an opportunity to hear the speakers and network with other environmental leaders, entrepreneurs and commercialization experts.

To see the program click Here.

To find out more about the speakers click Here.

Australian Clean Technologies Competition
The 2012 Australian Clean Technologies Competition will highlight innovators developping business opportunities to reduce energy and resource consumption. Competition categories are Air Water & Waste, Energy Efficiency, Renewable Energy, Green Building, Smart Power, Green Grid, Energy Storage, and Transportation.

The competition includes the Cleantech Business Accelerator Program, where up to 30 semi-finalists will qualify for an intensive mentoring program on commercialization pathways, business modeling, venture capital and pitching. The Australian Cleantech Investment Showcase will give each semi-finalist the opportunity to pitch at the national investment showcase. The 2012 Competition winner will represent Australia at the Global Cleantech Competition.

Information Showcases are being run in Melbourne, Sydney and Brisbane to provide further information on the competition and hear from last year's finalists. The Sydney showcase is being held alongside Eco Innovation Forum. Read More

2012 Photovoltaic Industry Conference
The German-Australian Chamber of Industry and Commerce and eclareon GmbH are holding the Photovoltaic Industry Conference 2012 to encourage collaboration with a Solar Trade Delegation from Germany. Leaders and experts from Germany's renewable energy industry will share their knowledge, present new and current technologies and discuss their recent business ventures. There will also be a number of Australian speakers. The event is on 7 May in Sydney. Attendance is free.Read More

Bioenergy Conference
Bioenergy Australia will hold its 2012 conference in 26 to 28 November. Organizations interested in providing a presentation, a poster, sponsoring, exhibiting or hosting a visit during the planned technical tour should contact Steve Schuck, Bioenergy Australia Manager on ph (02) 9416 9246 or email sschuck@bigpond.net.au.

Government Cleantech Grants
With over $1 billion in Federal Government grants available for manufacturers and companies to adopt clean technology, Griffith Hack is holding a seminar on what grants are available, requirements and barriers to accessing funding, how to use the grants to generate new business, and how grants can increase business efficiency and gain savings.

The seminar suits companies upgrading equipment, infrastructure or systems, clean tech research and development businesses, suppliers of clean tech products and services, and cleantech consultants. The seminar is in Sydney and Melbourne on 17 May. Read More

Victor Bivell
Eco Investor Media
PO Box 3102
Wareemba NSW 2046 Australia
Ph 02 9705 0578
Fx 02 9713 1004
Email vbivell@ecoinvestor.com.au
Web www.ecoinvestor.com.au

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