Information AusIndustry Accelerating Commercialisation Grant

Background 

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.

Available Grants

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.) 

Eligible Entities

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

Eligible Projects

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. 

Eligible Expenditure

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.