Accelerating Commercialisation aims to build the capacity of and opportunities for Australia’s talented researchers, entrepreneurs and innovative firms to convert ideas into commercial ventures, creating high skill jobs and increasing our global competitiveness. The Accelerating Commercialisation program is a highly competitive, merit based program, and only the strongest applications will be successful. Applications must rate highly against other applications and against each of the following merit criteria in order to receive a grant offer. • Need for funding • Commercial plan and potential • Market opportunity • Management capability • National benefits Successful applicants will also be assigned a Commercialisation Adviser offering guidance and feedback. The scheme offers several key components of assistance and applicants can apply for one or more of the components. Early Stage Commercialisation component of the Accelerating Commercialisation grant provides funding from $250,000 to $1 million to undertake activities focusing on enabling a new product, process or service to be developed to the stage where it can be taken to market. Participants need to match the grant funding on a 50:50 basis. Experienced Executives provides funding of up to $125,000 per financial year of the project period to engage an experienced Chief Executive Officer or other executives. Participants in this component of the Accelerating Commercialisation grant can also apply for other components of the program at any time. Applicants need to match the grant funding on a 50:50 basis. Portfolio Services provides a connection to a range of services that may include guidance from Commercialisation Advisers, access to the expert network and access to promotional opportunities. RADBE Consulting has worked with numerous clients to access competitive grants and has a well developed methodology to assist clients at all stages of the application process.
How can RADBE Consulting assist?
RADBE Consulting is able to provide your business with the following services in relation to the Accelerating Commercialisation grant: Assessing your eligibility; Preparing the Expression of Interest; Preparing the application form; Acting as a point of contact by liaising with AusIndustry staff; Once successful, providing assistance throughout the audit process; Outlining the documentary evidence that needs to be retained to substantiate the project expenditure; and Provide ongoing business, strategic and technical advice as and when required.
Can you apply?
All companies incorporated in Australia are entitled to apply (Researchers and individuals are required to incorporate if a grant is offered). A combined annual turnover of less than $20 million for each of the three years prior to lodging your application is also required.
How do I get the ball rolling?
If you would like to find out more about Accelerating Commercialisation or other government grants and incentives that you may be eligible for, contact RADBE Consulting on 07 3216 6242 or email to firstname.lastname@example.org.
Business Ignite Project CLOSING SOON
The Queensland Government is committed to opening Queensland back up for business in the wake of COVID-19, funding a free business education program designed to help navigate economic impact.
The program is available to small business owners, their staff, aspiring and previous operators. It provides access to online resources, including libraries, materials, activities, classes, workshops, courses, e-books, templates and tools to assist businesses in understanding and navigating a response and build a stronger future.
The program is valued at upwards of $5,000 per user, and includes coverage of:
The guidance outlines how companies undertaking software development will have to be more specific with making sure that activities meet the government’s definition of research and development, and keep better records of the activities...