$3m lure to kick-start energy innovation

23 August, 2017

Businesses with innovative ideas to enhance the oil, gas, coal and uranium industries can now access up to $3m to help turn concepts into reality.

National Energy Resources Australia (NERA) has started a project fund of more than $15 million to get industry-led, collaborative projects that demonstrate innovative solutions for the energy resources sector off the ground.

Successful applicants can access up to $3m in matched funding to address one or more of the knowledge priorities identified in the NERA Sector Competitiveness Plan.

The plan sets out a 10-year road map for NERA and what challenges and opportunities they expect to face.

The energy resources sector added about $42.2b to the Australian economy in 2015-16 and provided about 89,800 jobs.

The plan notes four main areas that need to be addressed to ensure the future of the sector.

They include building contemporary business models, enhancing operational models and technology capabilities, improving skills capacity and culture, and addressing the regulatory environment.

One-on-one briefing sessions are being held across the country to ensure interested parties have the best opportunity to apply for a share.

Registrations are now open for the Perth session on September 7 and 8.

Interested businesses are encouraged to take advantage of this opportunity to connect with NERA staff at this free session to gain advice and insights on the fund and how they can strengthen their application.

►Information on how to apply and eligibility criteria is available on their website.