Accelerating Commercialisation (AC)
Accelerating Commercialisation provides small and medium businesses, entrepreneurs and researchers with access to expert advice and funding to help get a novel product, process or service to market.
What do you get?
- Expert advice and guidance
- Up to $500,000 of matched project funding for Research Commercialisation Entities and Eligible Partner Entities
- Up to $1 million of matched project funding for all other eligible applicants
Who is this for?
Australian entrepreneurs, researchers, inventors, start-ups, Research Commercialisation Entities, and small and medium enterprises who have a novel product, process, or service they want to commercialise.
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.
AusIndustry provides:
- 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 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.
Before you can apply for an Accelerating Commercialisation Grant you must have received Commercialisation Guidance.
You must:
- 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
- a company incorporated in Australia and a trading corporation, where your trading activities:
and also:
- 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
