Information AusIndustry Accelerating Commercialisation Grant
Accelerating Commercialisation forms part of the AusIndustry Entrepreneurs Program. The grant aims to help Australian entrepreneurs, researchers, inventors, start- ups, commercialisation offices and small and medium enterprises address the challenges associated with commercialising novel intellectual property.
The program aims to assist in commercialising novel intellectual property – where R&D has been completed but no commercial sales have occurred.
Applicants can seek up to $1M in grant funding on a matching 50:50 basis. (Commercialisation offices and eligible partner entities are limited to grants of $250K.)
To be eligible for the program, companies must have:
A novel product, process or service they wish to commercialise
Ownership, access or beneficial use of the IP
Turnover of less than $20 million
To be eligible your project must aim to commercialise novel intellectual property in the form of a novel product, process or service.
Complete development of a novel product, process or service; or
Prove commercial viability of a novel product, process or service to a customer, investor or strategic partner; or
Make the first sales of the novel product, process or service in Australia or overseas; or
Drive the business towards commercialisation of its novel product, process or service in the marketplace by engaging an Experienced Executive.
The following expenditure items are claimable under the program:
Employee costs directly related to the core elements of the agreed project
Partial cost of plant expenditure over the life of the project
Full cost of state-of-the-art manufacturing plant or pilot manufacturing plant
Contractor costs, prototype expenditure, travel costs, training costs, IP protection
Contact Matthews Steer today on 03 9325 6300 to learn more about your eligibility for government business grants, and how our Grants Team can help support your applications.