Funding matched with support
Commercialisation Australia aims to build the capacity of Australia's talented researchers, entrepreneurs and innovative companies to turn their intellectual property into successful commercial ventures. It achieves this through offering a range of tailored assistance measures, and guiding successful applicants through the commercialisation process.
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 intellectual property, providing funding of up to $50,000 to pay for expert advice and services;
- Experienced Executives provides funding up to $350,000 over two years to assist with the recruitment of a Chief Executive Officer or other executive
- Proof of Concept grants of $50,000 to $250,000 to test the commercial viability of a new product, process or service; and
- Early Stage Commercialisation grants of $50,000 to $2 million to bring a new product, process or service to market.
Skills and experience
Each participant is assigned a Case Manager for the duration of their time with Commercialisation Australia. The Case Managers draw on their extensive experience in commercialisation to guide participants through the commercialisation process, and facilitate participants' access to the Expert Network.
Expert Network members have a mix of skills and experience - these include extensive experience in building successful businesses and/or knowledge across a range of speciality fields - and so are well placed to offer insights into the commercialisation process.