The Energy Research and Development
Corporation
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Telephone 02 6257 0000 Fax 02 8088 3895 Office 8 Wallis Place Postal address GPO Box 629 E-mail |
The Energy Research and
Development Corporation (ERDC) was created by the Australian Government in 1990
to facilitate and stimulate investment in effective energy innovation for the
benefit of Australia. ERDC invested in energy innovation from concept to
commercialisation. ERDC concentrated its investments on traditional energy
supply, alternative and renewable energy sources and systems, and sustainable
energy use. During eight
years of operation, ERDC invested almost $100 million in 350 early stage
ventures. Investments
covered innovation across all traditional and emerging sectors of energy
supply and use. ERDC projects
were approved after a due diligence process which included a thorough
evaluation of technical, financial and managerial capabilities of the
proponents and the merits of the project. Market and commerciality issues
were also addressed. ERDC was
committed to work closely with Australian industry to deliver new products,
services, processes and systems. ERDC's
investment activities were terminated in the 1997 Federal Budget and the
corporation is being wound- up. The formation
of Magma by three members of the ERDC management team, has kept together
their skills and experience in the management of investment in innovation,
and made them available to industry and government. |