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Entrepreneurs’ Programme – Accelerating Commercialisation
Program ID: 11211
Overview
This programme encourages and assists small and medium businesses, entrepreneurs and researchers to commercialise novel products, processes and services. It forms part of the Entrepreneurs'' Programme, an Australian government’s flagship initiative for business competitiveness and productivity at the firm level.

The programme works by providing businesses with expert guidance and connections through commercialisation advisers to help them to find the right commercialisation solutions for their novel product, process or service. This may include matched funding to support your commercialisation activities.

It comprises the following activities:
- Commercialisation guidance: A range of services provided by a commercialisation advisor to help businesses achieve project objectives.
- Accelerating Commercialisation Grant: Supports eligible commercialisation projects for up to 50% of the eligible expenditure, up to a maximum of:
a) $250,000 for commercialisation offices and eligible partner entities
b) $1 million for all other applicants
- Portfolio services: Brings qualified commercialisation opportunities together in a single place providing visibility and credibility for investors, other entrepreneurs, domain experts, supply chains and strategic corporations.

Generally, businesses should seek commercialisation guidance first, and then apply for either an Accelerating Commercialisation Grant (for which they will also receive portfolio services) or for portfolio services alone.

As announced in the 2015-16 Federal Budget, the government has reduced the funding for the Entrepreneurs'' Programme with a remaining total funding pool of $526.4 million available over four years from 2015-16.
Who Can Apply
Eligible applicants must meet the following:
1. Commercialisation guidance
- Have a novel product, process or service they wish to commercialise and trade to customers external to the State or Territory of the applicant’s place of business.
- Not be named by the Workplace Gender Equality Agency as an organisation that has not complied with the Workplace Gender Equality Act 2012 (Cth).

2. Portfolio services and Accelerating Commercialisation Grant
- Be a corporation incorporated under the Corporations Act 2001 (Cth), that:
a) Is non tax-exempt and is registered for GST.
b) Has a combined annual turnover of less than $20 million for each of the three financial years prior to the lodgement of the application.
- Its trading activities:
a) Form a sufficiently significant proportion of its overall activities as to merit it being described as a trading corporation.
b) Are a substantial and not merely peripheral activity of the corporation.
- Be a commercialisation office or eligible partner entity.
- Be an individual, partnership or trustee who agrees to form an eligible corporation that is non tax-exempt and is registered for GST before signing a Services Agreement.
- Have received commercialisation guidance.
- Have a novel product, process or service they wish to commercialise and trade to customers external to the State or Territory of the applicant’s place of business.
- Have ownership, access to, or the beneficial use of, any intellectual property that is the subject of, or is necessary to carry out the commercialisation strategy.
- Submit an application that contains sufficient information to undertake a merit assessment.
- Not be named by the Workplace Gender Equality Agency as an organisation that has not complied with the Workplace Gender Equality Act 2012 (Cth).

Please review the Guidelines for the complete eligibility requirements.
Eligible Activities
Eligible projects must aim to achieve at least one of the following:
- Engage external professionals, for example to confirm the market opportunity, develop the business model, identify potential partners, develop an IP strategy, raise capital, or prepare an Information Memorandum.
- Complete development of a novel product, process or service.
- Prove commercial viability of a novel product, process or service to a customer, investor or strategic partner.
- Make the first sales of the novel product, process or service in Australia or overseas.
- Engage a senior experienced executive to fill a key gap in the management team, which is essential to achievement of commercialisation outcomes.

Please review the Guidelines for the complete list of eligible and ineligible projects/expenditures/assistance.
Main Assessment Criteria
The main assessment criteria include:
- Need for funding
- Market opportunity
- Value proposition
- Execution plan
- Management capability
- National benefits

Please review the Guidelines for the complete information on these criteria.
Applies to
DocumentationUploaded
GuidelinesOctober 2016
Fact SheetOctober 2016
FAQsOctober 2016
Sample Funding AgreementOctober 2016
Sample Grant Application FormOctober 2016
Sample Portfolio Application FormOctober 2016
Commercialisation Advisers ListOctober 2016
Use these documents as a guide only - always get the latest direct from the Administrator
Status Open
Start Application 17 October 2014
Opening Date 31 October 2014
Closing Information
This programme is open on an ongoing basis.
Funding Type Grant
Maximum Funding $1.0M
Requires Co-contribution? Yes
Competitive Yes
Location National
Industry
General - Non-Industry Specific
Activities
Infrastructure / Equipment
Start-up / Establishment
Training / Employment
Difficulty Rating
Department
Department of Industry, Innovation and Science (DIIS)
Program Administrator
AusIndustry
Telephone 132 846
General Website Visit website
Program Website Visit website
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