Commercialisation Australia is an Australian Government initiative that assists researchers, entrepreneurs and innovative firms turn ideas into successful commercial ventures.
Commercialisation Australia is a merit based, competitive assistance program that offers:
- Skills and Knowledge support to help build the skills, knowledge and connections required to commercialise new ideas. This includes:
- Up to $50,000 to pay for specialist advice and services
- Up to $200,000 over two years to assist with the recruitment of experienced executives
- Proof of Concept grants of $50,000 to $250,000 to test the commercial viability of a new product, process or service.
- Early Stage Commercialisation repayable grants of $250,000 to $2 million to develop a new product, process or service to the stage where it can be taken to market.
Each successful applicant will be assigned a Case Manager to guide them through the commercialisation process and facilitate access to experienced Volunteer Business Mentors.
Applications are now being accepted by Commercialisation Australia and will be assessed on a continuous basis.
Further information on Commercialisation Australia is at www.commercialisationaustralia.gov.au.