Department of Industry Innovation and Science

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The Department of Industry, Innovation and and Science vision is to enable growth and productivity for globally competitive industries. To help realise this vision, the Department has four key objectives: supporting science and commercialisation, growing business investment and improving business capability, streamlining regulation and building a high performance organisation.

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Name Accelerating Commercialization Grant
Potential Value Co-contribution

Provides businesses with access to expert advice and matched funding of up to $1 million to cover eligible commercialisation costs to help them to take novel products, processes and services to market.

This grant provides projects up to 50% of the expenditure to a maximum of:

  • $250,000 for commercialisation offices and eligible partner entities
  • $1 million for all other applicants.

Eligible Businesses

Applicants must be one of the following to apply:

  • a for-profit company registered and operating in Australia
  • a commercialisation office or Eligible Partner Entities
  • individuals, partnerships or trustees who agree to form a for-profit company.

Applicants that receive Commercialisation Guidance can apply for:

  • an Accelerating Commercialisation Grant, which includes Portfolio Services or
  • Portfolio Services only.

Scope

Commercialisation Guidance is available to applicants that:

    • have a novel product, process or service they wish to commercialise • want to trade to customers external to the state or territory of their place of business • are not named by the Workplace Gender Equality Agency as a non-complying organisation.

To apply for an Accelerating Commercialisation Grant, applicants must meet each of the following:

  • have received Commercialisation Guidance
  • have a novel product, process or service they wish to commercialise
  • have the ownership, access or beneficial use of the intellectual property to undertake the commercialisation project
  • meet the turnover test outlined at Section 5 of the Customer Information Guide
  • show they can fund at least 50% of the project expenditure. This may include labour (plus on-costs), contracts, manufacturing plant, pilot and prototype manufacturing expenditure.

To apply for Portfolio Services only, applicants must meet each of the following:

  • have received Commercialisation Guidance
  • have a commercialisation strategy that aims to achieve at least one of the following:
    • complete the development of a novel product, process or service, or
    • prove commercial viability of a novel product, process or service, or
    • expand commercialisation of its novel product, process or service in existing markets or into new markets.
  • have the ownership, access or beneficial use of the intellectual property to undertake the commercialisation project strategy
  • meet the turnover test outlined at Section 5 of the Customer Information Guide.

Details on eligibility can be found in the Customer information guide (PDF; 470.72 KB).

 

Learn more about Accelerating Commercialization Grants