Accelerating Commercialisation
Accelerating Commercialisation is a key Australian Government grants and assistance program that provides businesses with access to expert advice and matched funding up to $1 million to cover eligible commercialisation costs to help them take novel products, processes and services to market. The Accelerating Commercialisation Program is administered by AusIndustry and replaced the previous Commercial Ready Program.
In order to apply, applicants must be either a for-profit company registered and operating in Australia, a commercialisation office or Eligible Partner Entity, or individuals, partnerships or trustees who agree to form a for-profit company.
Applicants must first receive Commercialisation Guidance, after which they can apply for an Accelerating Commercialisation Grant. Applicants must meet each of the following conditions:
Your project may cover activities at a particular stage of the commercialisation process only or cover the entire process from determining a commercialisation strategy to achieving first sales. It is generally expected that technical proof of concept has been achieved (e.g. through a prototype) before an application for assistance is submitted.
Eligible expenditure includes the following types of expenditure:
Our Accelerating Commercialisation Expertise
Greenwich and Co are experienced in the preparation of financial assistance grants for our clients and we understand the intricacies of the Accelerating Commercialisation application process. If your business has a novel product or service that you would like to commercialise and would like to enquire whether this grant could help, we are well positioned to assist you to determine your potential eligibility.
Our extensive range of services includes:
Speak with us today about how we can assist your business in assessing your business’s eligibility or in managing any stage of the submission and application process.