The Federal Government has officially launched the third annual Australian Clean Technologies Competition.

Minister Assisting for Industry and Innovation, Senator Kate Lundy, said that the competition has already helped over 50 companies commercialise their ideas and access new customer markets.

"Finalists will be provided with mentoring from some of the country's leading advisors on commercialisation, business modelling, funding solutions and successful techniques for pitch delivery," Senator Lundy said.

"For the first time since the competition commenced in 2011, this year's finalists will also be assisted to gain the skills and knowledge to participate in export markets and participate in a Government-led trade mission to connect with customers in Asia."

The 2012 competition winner, enLighten Australia, came fourth at the international Clean Technologies Open, held in Silicon Valley, as a result of their LED lighting products which provide energy savings of up to 93 per cent.

Steve Cahill, enLighten Australia's General Manager, said that the Competition win had helped to further increased their profile as an LED lighting innovator and assisted in securing projects and new customers.

Entries close on 3 June, for further information on participation in the Australian Clean Technologies Competition visit www.cleantechcomp.com.au