The Entrepreneurs’ Programme commercialisation grants help Australian entrepreneurs, researchers, and small and medium businesses find commercialisation solutions, with aims to:
- accelerate the commercialisation of novel intellectual property in the form of new products, processes and services;
- support new businesses based on novel intellectual property with high growth potential; and
- generate greater commercial and economic returns from both public and private sector research and facilitate investment to drive business growth and competitiveness.
The list of recipients for August 2017 has just been released with eleven Australian businesses offered commercialisation grants amounting to just over $5m under the Entrepreneurs’ Programme.
| Applicant Name | Project Title | Grant Amount (ex GST) |
|---|---|---|
| Citrus International Pty Ltd | Citrus – a self-service auction based advertising engine. | $844,160 |
| Dreamweaver IP Pty Ltd | Sustainable packaging solutions for shipping of temperature sensitive products. | $936,805 |
| Freshly & Co Pty Ltd | Fresh chilled baby food range for Australian retail and export markets. | $664,000 |
| GMDx Co Pty Ltd | TSM profiling software to determine continuance or cessation of Hepatits B Virus treatment. | $328,700 |
| IMR Technologies Pty Ltd | SensaLink-automated motor vehicle crash alert device saving lives around the world. | $728,641 |
| Inventia Life Science Pty Ltd | 3D bioprinting platform for medical research and drug discovery. | $760,000 |
| Kinetic Orthotics Pty Ltd | Improved access to accurate orthotic interventions improves mobility and health. | $499,002 |
| Mining Excellence Alliance Pty Limited | Remote optimisation of mineral processing plants using advanced data analytics. | $770,200 |
| Sotaeria Pty Ltd | Safetape: The portable cloud-based safety barrier system. | $486,916 |
| StarVac Systems Pty Ltd | Global market entry of StarVac’s vacuum packaging technology. | $465,000 |
| Ubaryon Pty Ltd | Novel separation technique for environmental and production improvement in the energy industry. | $92,950 |
If you would like access to expert advice and matched funding of up to $1 million to cover eligible commercialisation costs to help them to take novel products, processes and services to market; please read on…
Deadline date:
OPEN- ongoing
What grants or funding is available?
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.
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.
What is the assessment 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.
More details can be found in the Customer information guide (PDF; 470.72 KB).
How do I apply?
The first step requires Applicants to lodge an Accelerating Commercialisation Expression of Interest (EOI) form which can be lodged at any time at the ‘I’m ready to apply’ tab, available online at business.gov.au.
Want to get the best possible result?
Don’t wait till it’s too late.
Working with Treadstone means you get the maximum grant with minimum risk and effort. We provide expert advice and take care of your application, allowing you to continue to focus on your essential business operations.
Treadstone is an experienced, outcome focused team with a proven track record of success since 2008; recently securing three $1m+ grants for our clients.
To ensure you have the best chance of getting grant funding contact us or call 03 9008 5937.
