Accelerating Commercialisation

Tell me about the assistance

Accelerating Commercialisation helps small and medium businesses, entrepreneurs and researchers to commercialise novel products, services and processes.

  • Status: Open (accepting applications)
  • Applications close: Ongoing
  • Delivered by: AusIndustry

Overview

Accelerating Commercialisation provides access to expert guidance and grants to help businesses commercialise their novel products, processes and services.

Accelerating Commercialisation offers the following services and grants to successful applicants:

  • Commercialisation Guidance
  • Accelerating Commercialisation Grants
  • Portfolio Services.

View the list of applicants that have been offered funding under the Accelerating Commercialisation element of the Entrepreneurs' Programme.

If you would like to be notified of programme updates, please register your interest.

Register for updates

What support or funding is available?

Commercialisation Guidance

If you’re successful, this support will connect you to an AusIndustry or a Commericalisation Adviser. We will ensure that Accelerating Commercialisation suits your needs.

The Commercialisation Adviser will:

  • offer initial guidance on the commercialisation project or strategy
  • provide feedback if you want to progress to a Grant or Portfolio Services application.

Accelerating Commercialisation Grant

This grant provides projects up to 50% of the expenditure to a maximum of:

  • $250,000 for commercialisation offices and eligible partner entities
  • $1 million for all other applicants.

Accelerating Commercialisation Grant recipients will also receive Portfolio Services for the duration of the project.

Portfolio Services

Portfolio Services provides a connection to a range of services that may include:

  • guidance from Commercialisation Advisers
  • access to the expert network
  • access to promotional opportunities.

If you are interested in learning more about the Expert Network please contact expertnetwork@industry.gov.au.

Who can apply?

Applicants must be one of the following to apply:

  • a for-profit company registered and operating in Australia
  • a commercialisation office or Eligible Partner Entities
  • individuals, partnerships or trustees who agree to form a for-profit company.

Applicants that receive Commercialisation Guidance can apply for:

  • an Accelerating Commercialisation Grant, which includes Portfolio Services or
  • Portfolio Services only.

What are the eligibility criteria?

Commercialisation Guidance is available to applicants that:

  • have a novel product, process or service they wish to commercialise
  • want to trade to customers external to the state or territory of their place of business
  • are not named by the Workplace Gender Equality Agency as a non-complying organisation.

To apply for an Accelerating Commercialisation Grant, applicants must meet each of the following:

  • have received Commercialisation Guidance
  • have a novel product, process or service they wish to commercialise
  • have the ownership, access or beneficial  use of the intellectual property to undertake the commercialisation project
  • meet the turnover test  outlined at Section 5 of the Customer Information Guide
  • show they can fund at least 50% of the project expenditure. This may include labour (plus on-costs), contracts, manufacturing plant, pilot and prototype manufacturing expenditure.

To apply for Portfolio Services only, applicants must meet each of the following:

  • have received Commercialisation Guidance
  • have a commercialisation strategy that aims to achieve at least one of the following:
    • complete the development of a novel product, process or service, or
    • prove commercial viability of a novel product, process or service, or
    • expand commercialisation of its novel product, process or service in existing markets or into new markets.
  • have the ownership, access or beneficial use of the intellectual property to undertake the commercialisation project strategy
  • meet the turnover test outlined at Section 5 of the Customer Information Guide.

Details on eligibility can be found in the Customer information guide.

What are the merit criteria?

Merit criteria are not used to access initial Commercialisation Guidance.

All of the merit criteria, except for “Need for Funding” (Criterion 1), are equally weighted.

  • Merit Criterion 1 - Need for Funding
  • Merit Criterion 2 - Market Opportunity
  • Merit Criterion 3 - Value Proposition
  • Merit Criterion 4 - Execution Plan
  • Merit Criterion 5 - Management Capability
  • Merit Criterion 6 - National Benefits

We assess applications for Accelerating Commercialisation Grant first against criterion 1, and then against criterion 2-6.

We assess applications for Portfolio Services only using merit criteria 2-6.

Details on the merit criteria can be found in Customer information guide.

How do I apply?

To apply for an Accelerating Commercialisation Grant or Portfolio Services you must have received Commercialisation Guidance. You can lodge an Expression of Interest (EOI) for Commercialisation Guidance at any time at the ‘I’m ready to apply’ tab. We will then contact you to give feedback on your project. We may also refer you to other government assistance.

If you wish to apply for grant funding, you will go through a competitive merit application process. You will need to submit your completed application to us. A Sample grant application form is available to view.

If you wish to apply for Portfolio Services only, you will also go through a merit based application process. A Sample portfolio application form is available to view.

How will I know if I am successful?

Applications for Accelerating Commercialisation Grants that meet eligibility will proceed to a merit assessment. AusIndustry will prepare a report on all eligible applications prior to merit assessment which includes a due diligence report, completed by a Commercialisation Adviser. This report examines the claims you have made against the merit criteria. The Programme Delegate will make the final decision. If your application is successful, you will receive a written offer.

Applications for Portfolio Services only that meet eligibility will proceed to a merit assessment stage. A panel of Commercialisation Advisers will conduct the merit assessment. If your application is successful, you will receive a written offer.

More detail on the assessment process is available in the Customer information guide.

How will payments be made?

If your application for an Accelerating Commercialisation Grant is successful you will enter into a funding agreement with the department. The funding agreement will contain the schedule for payments. A Sample grant application form is available to view.

Once the funding agreement is in place, an initial payment is made. Subsequent payments are made following receipt of a complete and satisfactory progress report.

For more details refer to the Customer information guide.

Who are the Portfolio companies?

The Accelerating Commercialisation Portfolio is made up of over 200 high-performing companies participating in the Acceleration Commercialisation element of the Entrepreneurs’ Programme.

The Portfolio:

  • provides participating businesses with commercialisation and partnering opportunities within the national and international innovation ecosystem
  • is a resource for investors, entrepreneurs, domain experts, supply chains and strategic corporations looking to partner with high-potential, innovative Australian small and medium sized businesses.

Which companies are in the Portfolio?

The Portfolio list - includes the business name, web address, project location, market and technology type, and a summary of the funded project.

Alumni

The Alumni includes former Portfolio companies that have successfully completed their Accelerating Commercialisation project.

The Alumni list - provides the details of former successful Portfolio companies and their funded project.

Key documents


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