Accelerating Commercialisation
Expert advice and funding on how to take your innovation to market
Last Updated: 20 January 2021
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Accelerating Commercialisation
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.
The new Accelerating Commercialisation guidance form is now available. For information see the Applying section.
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?
Overview
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.
Commercialisation Guidance
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.
Eligibility
Eligibility criteria for Commercialisation Guidance
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.
What is the turnover test?
Eligibility criteria for Accelerating Commercialisation Grants
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
Read the Grant Opportunity Guidelines for more information on the eligibility criteria.
Information sessions
Information sessions are offered to help you understand what is available under Accelerating Commercialisation and whether you are eligible. Find out if there is an upcoming session you could attend.
Applying
How do you apply for Commercialisation Guidance?
Submit an application for Commercialisation Guidance via the on-line Customer Portal
How do you apply for an Accelerating Commercialisation Grant?
Before you apply for an Accelerating Commercialisation Grant, you must receive Commercialisation Guidance. Commercialisation Guidance will include a recommendation about your suitability for a grant. It is up to you to consider the recommendation and decide whether to proceed with a grant application. Your Customer Service Manager or Facilitator will advise you how to apply.
You can lodge an application for an Accelerating Commercialisation Grant at any time. We consider applications in 6 to 8 week cycles. The whole application process can take at least 3 and up to 6 months to complete.
Apply for Commercialisation Guidance
Submit an application for Commercialisation Guidance if you:
- have a novel product, process or service
- meet the turnover test
Submit your application using our online portal. The portal allows you to apply for and manage a grant or service in a secure, online environment. You’ll need to sign in or set up an account.
Open all
button toggle all accordionsHow do we assess your application for Commercialisation Guidance?
How do we assess your application for an Accelerating Commercialisation Grant?
What are the assessment criteria for an Accelerating Commercialisation Grant?
What happens next?
Need help?
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Contact us for help with your application or to find out more.
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Monday – Friday, 8am – 8pm across Australia
Grant recipients
Entrepreneurs’ Programme
The Accelerating Commercialisation service is part of the Entrepreneurs’ Programme.
The program transforms Australian businesses with advice and grants. It aims to strengthen, grow, innovate and commercialise your business, both nationally and globally.
The Entrepreneurs’ Programme can help you:
- rebuild your business and get your bushfire-affected business back on track
- grow your business, improve your supply chain performance and improve your capability to trade and export in global markets
- develop innovative solutions and connect with the research sector
- commercialise your product, process or service into production and on the market
- fund your incubators for Australian start-ups with an international focus