Access to the right information and advice is critical to the successful commercialisation of a new product, process or service. Skills and Knowledge support provides participants with access to expert advice and services to build the required skills, knowledge and linkages. This support is aimed at assisting people new to commercialisation - researchers, entrepreneurs and small companies who know their product, process or service has commercial potential, but don't know what to do next.
- Funding Amount - Up to $50,000 is available for participants
- Minimum Contribution - Participants are required to match the grant funding on an 80:20 basis, where the participant funds 20% of the costs (eg: $12,500 from the participant and $50,000 from Commercialisation Australia)
- Project Length - Participants have 12 months to complete this component
Commercialisation Australia support offers more than just money:
- Case Managers - All participants work with a Case Manager. Commercialisation Australia Case Managers are experienced business builders and entrepreneurs who understand the challenges of commercialising new IP and who can add value to your commercialisation and business activities. They can also assist you in preparing your application. For more information go to the Case Manager section of this website
- The Expert Network - Making the right business connections is important. Participants may be matched to members of the Expert Network who are able to provide useful insights and introductions. For more information go to the Expert Network section of this website
What activities are funded?
Skills and Knowledge assistance funds activities such as:
- Business planning - developing or reviewing a business plan; determining suitable corporate structures; and undertaking a risk analysis
- Commercialisation - including undertaking market research; developing a market strategy; and developing an export strategy
- IP management - including commissioning an IP landscape report; developing an IP protection strategy; and developing or reviewing IP licensing agreements
- Capital raising - developing an investment proposal and pitch; and developing a capital plan to identify funding requirements
- Linkages - developing a partnership or collaboration agreement with another business or organisation
For more information on eligible expenditure refer to the Commercialisation Australia Customer Information Guide.
For information about making an application, including eligibility, downloading application forms and the assessment process, go to the Apply section of this website.
The information on this web page is a guide only. Detailed information on the terms and conditions of the Skills and Knowledge grant is located in the Customer Information Guide.