Falling under the Federal Government’s Entrepreneur’s program, the Accelerating Commercialisation scheme provides support for, primarily companies, undertaking eligible commercialisation projects for up to 50 per cent of the eligible expenditure, up to a maximum of:
• $250,000 for Commercialisation Offices and Eligible Partner Entities;
• $1 million for all other applicants.
Accelerating Commercialisation Grant recipients will also receive Portfolio Services for the duration of the agreed project in their Funding Agreement, and may be extended for up to 24 months at the discretion of the Programme Delegate.
The eligibility requirements for this grant are a little more complex than some other government funding initiatives. Business Wisdom can provide guidance on how to secure this grant funding.