Accelerating Commercialisation (AC)

The new Accelerating Commercialisation (AC) program has been introduced in November 2014.

Whilst similar to the Commercialisation Australia (CA) program, there are a number of changes that potential applicants should be aware of.

There is a maximum grant limit of $1m (reduced from $2m).

To be eligible, the project must aim to commercialise novel Intellectual Property in the form of a novel product, process or service. These eligible projects should aim to achieve at least one of the following:

Complete development of a novel product, process or service; or

Prove commercial viability of a novel product, process or service to a customer, investor or strategic partner; or

Make the first sales of a a novel product, process or service in Australia or overseas; or

– Drive the business towards commercialisation of its a novel product, process or service in the marketplace by engaging an Experienced Executive.

The Experience Executive salary payment is capped at $250,000 per annum.

Ineligible projects will include those projects that:

– Have a focus on basic research or technical experiments (essentially where they are still R&D projects)

– Scale production and/or marketing activities in markets where you have already made your first sales of the novel product, process or service

– Develop a novel product, process or service for internal use only

Commercialise the next version of an existing product, process or service where updates are minor and therefore do not qualify as a novel product, process or service

The application process is a competitive process in that you need to go through a two stage application process and there is a chance that at the end of the process your application may not be selected for funding.