Nov 24, 2014
Last week, the Australian government’s Entrepreneurs’
Infrastructure Program released the details of the final grant,
Accelerating Commercialisation.
Accelerating Commercialisation assists entrepreneurs, researchers,
inventors, start-ups, commercialisation offices (associated with
universities and research centres) and small/medium enterprises
address the challenges associated with commercialising novel
intellectual property, in the form of new product, process or
service.
Grants of up to $1million are available on a 50% basis.
Applicants must have a combined annual turnover of $0 to $20million
on a group basis for each of the last three years, prior to the
lodgement of the application. The applicant must have
ownership or access to the beneficial use of any intellectual
property that is necessary to carry out the project. The
applicant must be able to demonstrate its ability to fund at least
50% of the eligible expenditure of the project. It’s not
necessary to have all of the funding available at the beginning of
the project, which can be completed over two years.
Grant funding is to assist the final development and market testing
of the product, process or service, to assist in sales
maximisation.
ESS BIZTOOLS is able to provide a wide range of papers on these
grants, as well as other Federal, State and Territory grants.
Our associated business, ESS BIZGRANTS, assists in the
identification of grants for which individual small/medium
enterprises might be eligible.