Monday, 4 January 2010

Commercialisation Australia – the Rudd Government’s $196 million radical new support initiative for home-grown innovation – is now open to receive applications.

“I call on all innovators wishing to bring their product to the marketplace to apply for tailored, hands-on assistance from Commercialisation Australia” said Senator Kim Carr, Minister for Innovation, Industry, Science and Research.

“The first step for potential applicants is to visit the new Commercialisation Australia website and fill-in a pre-application checklist.

“Commercialisation Australia is a merit-based, competitive assistance program and will support applications with the strongest commercial potential.

“It has a broad national reach with case managers based in states and territories across Australia offering tailored advice to successful applicants.

“There is no deadline for submitting an application to Commercialisation Australia. Innovators can now access assistance when they need it.

“Bridging the gap between research and successful commercial reality can be difficult.

“From today, Commercialisation Australia will work to facilitate this critical process and support high-wage, high-skill local jobs.”

Commercialisation Australia will assist researchers, entrepreneurs and innovative firms to commercialise their ideas, offering grants on a co-contribution basis including:

  • Up to $50,000 to pay for specialist advice and services;
  • Up to $200,000 over two years to engage experienced executives;
  • Proof of Concept grants up to $250,000 to test the commercial viability of a new product, process or service; and
  • Early Stage Commercialisation repayable grants up to $2 million to develop a new product, process or service to the stage where it can be taken to market.

The pre-application checklist, details on eligibility and merit criteria can be found at or by calling the Commercialisation Australia Hotline on 13 22 56.



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