CSIRO opens applications for renewable energy accelerator targeting Indian market

CSIRO is seeking Australian startups and small-to-medium enterprises with innovative renewable energy solutions to join its India Australia Rapid Innovation and Startup Expansion accelerator program.

The RISE Accelerator, launched in 2023, is designed to support businesses with scalable climate and environment solutions, helping them expand into the Indian market.

Round 3 of the program will focus on deployable solutions in solar, battery, wind, and hydrogen technologies that address clean energy manufacturing, storage and management challenges.

The program seeks companies working on critical mineral and materials processing for clean energy, enhanced designs and components to boost performance and durability, or software and digital systems to improve renewable energy manufacturing and deployment.

Program participants will receive self-paced online learning, in-person workshops, market immersion visits, and one-on-one coaching from industry experts and mentors focused on Indian market opportunities.

Lucie Semenec, co-founder of Newera Bio and previous RISE participant, said the program was helpful in connecting with the right people and accessing valuable networks in India.

“It also helped us tap into valuable networks in India, gaining access to the resources necessary for pilot scaling and developing a minimal viable product,” Semenec said.

Program director James Robinson said the multi-faceted approach was important to diversify clean energy supply chains and accelerate the energy transition.

“Programs like RISE empower startups and SMEs to gain valuable local insights and forge in-country partnerships, significantly enhancing their potential for success and long-term impact,” Robinson said.

There is no charge to participate, and companies may be eligible for up to $135,000 in non-equity grants subject to performance milestones.

Applications close on June 30.

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