Current Grant Opportunity View - GO6632

The objective of the early-stage commercialisation grants is to help businesses to undertake the steps necessary to establish the commercialise viability of an innovative product, process or service, including steps to undertake feasibility and proof-of-concept through to prototyping.

These Early-Stage Commercialisation grants can be used to undertake projects and business activities that progress a business toward the following outcomes:

• improve the commercialisation capabilities of participating businesses
• further develop innovative products, processes or services in preparation for commercialisation (e.g. prototypes, early testing)
• improve capability to seek and attract investment for the participating business.

SME’s can apply for grants of $50,000 to $250,000 to support early-stage commercialisation projects.

To be eligible you must:

• have an Australian Business Number (ABN)
• be non-income-tax-exempt
• be registered for the Goods and Services Tax (GST)

and be one of the following entities:

• a company, incorporated in Australia
• a co-operative
• an incorporated trustee applying on behalf of a trust.

We can only accept applications from participants in the program who:

• have a combined annual turnover of less than $20 million for each of the three financial years prior to the lodgement of the application
• have received a report through the program’s Advisory Service 
• own or have access to any Intellectual Property (IP) you need to undertake your early-stage commercialisation project and own or have the exclusive right to commercialise any IP generated from it.
• can provide evidence of your ability to fund at least your share of eligible project expenditure, such as funding strategy and a bank statement or loan agreement. You must provide an accountant declaration that confirms your ability to fund the project.

From $50,000.00 to $250,000.00

To apply, go to: https://portal.business.gov.au/

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