Current Grant Opportunity View - GO110
Entrepreneurs' Programme - Accelerating Commercialisation
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Accelerating Commercialisation provides expert guidance and support to help you commercialise novel products, processes and services and find a commercialisation solution that is right for you.
Accelerating Commercialisation includes:
- Commercialisation Guidance – guidance and assistance to develop the commercialisation potential of your novel product, process or service
- Accelerating Commercialisation Grants – financial assistance to help commercialise your novel product, process and service.
When you apply for Commercialisation Guidance, we connect you to an AusIndustry Customer Service Manager or an Accelerating Commercialisation Facilitator. Advice and support provided is tailored to your business situation and the commercialisation potential of your novel product, process or service, and may include:
- initial guidance on commercialisation
- referral to other government assistance to support your business needs
- feedback if you want to apply for an Accelerating Commercialisation Grant
- more intensive support and guidance to develop your commercialisation strategy
Accelerating Commercialisation Grant
Accelerating Commercialisation Grants provide up to 50% of eligible expenditure to support your commercialisation project. If successful you will receive on-going support from your Facilitator throughout the life of your commercialisation project.
You must receive Commercialisation Guidance before you apply for an Accelerating Commercialisation Grant.
To be suitable to receive Commercialisation Guidance you must have a novel product, process or service that you wish to commercialise for trade in Australian and/or overseas markets.
You must also meet the turnover test, which helps us target our advice and support to the businesses that need it most.
Accelerating Commercialisation Grants
Before you can apply for an Accelerating Commercialisation Grant you must have received Commercialisation Guidance.
- be non-tax exempt
- be registered for GST
- be one of the following entities:
- a company incorporated in Australia and a trading corporation, where your trading activities:
- form a sufficiently significant proportion of the corporation’s overall activities as to merit it being described as a trading corporation
- are a substantial and not merely peripheral activity of the corporation
- a Research Commercialisation Entity or Eligible Partner Entity as defined in the grant opportunity guidelines
- be undertaking an eligible project
- have the ownership, access or beneficial use of any intellectual property you need to undertake the commercialisation project
- provide evidence of your ability to fund at least 50 per cent of eligible project expenditure, such as funding strategy and a bank statement or loan agreement. You must also provide an Accountant Declaration that confirms your ability to fund the project
- meet the turnover test.
Read the Grant Opportunity Guidelines for more information.
From $1.00 to $1,000,000.00
business.gov.au provides information and advice to businesses via a range of channels including phone (13 28 46), email and web chat. Contact us for assistance.
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