The next phase in the establishment of Commercialisation Australia has been announced.
Commercialisation Australia will begin operating in January 2010 and will provide multi-tiered assistance to talented researchers, entrepreneurs, and innovative firms to take their ideas to market.
As announced in the 2009-10 Budget, the Australian Government is establishing Commercialisation Australia (formerly known as the Commonwealth Commercialisation Institute) to provide a radical new approach to commercialising promising Australian research and ideas.
Commercialisation Australia will give successful applicants access to:
- specialist advice and services to build the skills, knowledge and linkages necessary to successfully commercialise their ideas;
- funding of up to $250,000 for proof of concept activities; and
- funding up to $2 million for early stage commercialisation activities.
Successful applicants will be assigned a Case Manager for the duration of their involvement with Commercialisation Australia. The Case Manager will partner with the successful applicant, assessing its needs and monitoring their progress.
The Case Manager will be responsible for linking the successful applicant with a group of volunteer mentors – people with ‘hands-on’ experience in the various aspects of the commercialisation process.
A fact sheet on Commercialisation Australia can be found below:
Commercialisation Australia Fact Sheet (PDF 60KB) or view the HTML version.
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