Up to $2 million per year will be available to run one large, or a number of smaller pilot projects to test alternative methods of support for commercialisation
Commercialisation Australia Pilot Program has a broad mandate that goes beyond providing grant support to commercialisation projects. They role includes investigating new commercialisation policy approaches and their applicability to the Australian innovation system. The intent behind pilot programs is to assess the practicality and effectiveness of new, alternative methods of support for commercialisation that will contribute to building the capacity of, and opportunities for, Australia’s researchers, entrepreneurs and innovative firms to convert ideas into successful commercial ventures.
The policy objective of Commercialisation Australia Pilot Program is to build the capacity of, and opportunities for, Australia’s researchers, entrepreneurs and innovative firms to convert ideas into successful commercial ventures, enhancing Australia’s participation and competitiveness in the global economy and generating commercial returns from Australia’s significant investment in public sector research. This is a response to systemic and market failures in the pathway to early stage commercialisation.
Commercialisation Australia may spend up to $2 million in any financial year on all pilot programs combined. This includes funding to pilot program participants and funding to pilot program providers.
While a pilot program proposal requesting the maximum $2 million in funding is eligible, it may not be possible to approve such a proposal because part of Commercialisation Australia’s budget of $2 million per financial year for pilot programs may have been allocated already to other pilot programs.
An applicant may request funding to pilot program participants only, to themselves only as the pilot program provider, to both, or the applicant may request no funding at all.
Commercialisation Australia Pilot Program proposals can be submitted by a variety of applicants, including corporations, individuals and government. Commercialisation Australia itself, through the CEO, could develop a proposal to be assessed by the Commercialisation Australia Board.
Where the applicant is proposing to deliver the pilot program itself, and is applying for funding to pay for the delivery costs, the applicant must be incorporated under the Corporations Act 2001 at the time when the application is made.
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