August 16, 2012 — The Melbourne CleanTech Network was launched last week with supporting partners including KPMG and the City of Melbourne.

Australian CleanTech managing director John O’Brien said cleantech encompassed companies which had both environmental and economic benefits. It was a term used to describe products and services that improve operational performance, productivity or efficiency while reducing costs, inputs, energy consumption, waste or pollution.

The Melbourne CleanTech Network aims to engage with cleantech companies, investors in the sector, government service providers and academia.

The launch was also the opportunity for five cleantech companies to “pitch” for investment and partners. The companies were Rotary Heat Exchangers, VR TEK Global, Microbiogen, IMP Aust and CarbonSpace.