£19m available for energy entrepreneurs
Entrepreneurs with innovative ideas and products in energy efficiency, storage and low carbon generation can today apply for a share of £19million of Government funding.
The funding comes from the second phase of the Energy Entrepreneurs Fund. The Fund has already allocated £16million since autumn 2012 to help bring a range of new and innovative low carbon products to market. The previous phase funded projects including energy storage, heat storage, tidal turbine testing, a thermally-insulating window and an ‘Eco power shower’.
The scheme seeks the best ideas from the public and private sector. It particularly aims to assist small and medium sized enterprises, including start-ups, and those companies that are selected will receive additional funding for incubation support.