Accelerating Commercialisation
25 September, 2018
Accelerating Commercialisation provides access to expert guidance and grants to help businesses commercialise their novel products, processes and services.
Accelerating Commercialisation offers Commercialisation Guidance, Accelerating Commercialisation Grants and Portfolio Services to successful applicants.
Commercialisation Guidance
If you’re successful, this support will connect you to an AusIndustry Customer Service Manager or a Commercialisation Adviser.
The Commercialisation Adviser will:
- offer initial guidance on the commercialisation project or strategy
- provide feedback if you want to progress to a Grant or Portfolio Services application.
Accelerating Commercialisation Grant
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.
Accelerating Commercialisation Grant recipients will also receive Portfolio Services for the duration of the project.
Portfolio Services
Portfolio Services provides a connection to a range of services that may include:
- guidance from Commercialisation Advisers
- access to the expert network
- access to promotional opportunities.
Eligibility criteria
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 must first receive Commercialisation Guidance.
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.
After receiving Commercialisation Guidance, to apply for an Accelerating Commercialisation Grant, applicants must meet each of the following:
- 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.
For more information on what Accelerating Commercialisation offers and eligibility please refer to the Customer Information Guide.
Merit criteria
Merit criteria are not used to access initial Commercialisation Guidance.
Merit criteria apply if you proceed to a grant application. All of the merit criteria, except for “Need for Funding” (Criterion 1), are equally weighted.
- Merit Criterion 1 – Need for Funding
- Merit Criterion 2 – Market Opportunity
- Merit Criterion 3 – Value Proposition
- Merit Criterion 4 – Execution Plan
- Merit Criterion 5 – Management Capability
- Merit Criterion 6 – National Benefits
We assess applications for Accelerating Commercialisation Grants first against criterion 1, and then against criterion 2-6.
For more information on the merit criteria please refer to the Customer Information Guide.
How to apply
The first step requires Applicants to lodge an Accelerating Commercialisation Expression of Interest (EOI) form which can be lodged at any time.
Applicants will be provided with feedback on their Expression of Interest by an AusIndustry Customer Service Manager in the first instance. If appropriate, applicants may then be assigned to a Commercialisation Adviser, or referred to other Government assistance programmes.
The advice and feedback provided to applicants at the EOI stage is intended to help applicants make an informed decision on whether to continue with an application. This is known as Commercialisation Guidance.
You should read the Customer Information Guide thoroughly before submitting an Expression of Interest. You should pay particular attention to what we consider is an eligible commercialisation project and how you will fund your share of the costs of the proposed project.
How we assess applications
Application forms are available upon request from a Commercialisation Adviser, after receiving Commercialisation Guidance.
If you wish to apply for grant funding, you will go through a competitive merit application process. You will need to submit your completed application to us. A sample grant application form is available to view.
Applications for Accelerating Commercialisation Grants that meet eligibility will proceed to a merit assessment. AusIndustry will prepare a report on all eligible applications prior to merit assessment which includes a due diligence report, completed by a Commercialisation Adviser. This report examines the claims you have made against the merit criteria. The Programme Delegate will make the final decision. If your application is successful, you will receive a written offer.
