Purpose of the grant
The purpose of the Clean Technology Innovation Research and Development Grants Program is to invest in research and development of commercially viable technologies, services or processes that have the potential to significantly reduce emissions of high-emitting or hard-to-abate sectors within the NSW economy up to, and beyond, 2030.
The overarching aim of this program is to support early-stage clean technology research and development projects that help to foster a healthy research and development ecosystem within New South Wales. In practical terms, this means supporting projects that:
- are in the range of Technology Readiness Level 2 to 6 (see Appendix 1 in program guidelines)
- seek to develop innovative solutions to decarbonising high-emitting or hard-to-abate industries within the program priority areas
- have the potential to make a substantial contribution to the NSW Government net zero goals
- are likely to have net positive environmental impacts (e.g., when considering other factors like embodied carbon and supply chain impacts)
- promote and actively engage in cross-sectoral and cross-disciplinary partnerships and knowledge sharing.
This objective supports the ultimate mission to create an environment in New South Wales where innovation is supported so new technologies are domestically developed, tested and used in the market. This will position New South Wales as a leading investment destination and unlocks export opportunities in coming decades.