Commercialisation Australia Survives Budget

Last week, the Labor Government renewed its commitment for Commercialisation Australia, allocating $278 million over five years to the program. Commercialisation Australia will receive $82 million annually thereafter. Since it opened for business, Commercialisation Australia has invested $45 million in 115 projects. Twenty-nine companies, entrepreneurs and inventors have recently been awarded funding totaling $13 million through the Commercialisation Australia program.

Twenty-nine companies, entrepreneurs and inventors will share the funding, being provided through the Government’s Commercialisation Australia program.  The Government is investing over $13 million in new Australian inventions — including an influenza test kit for pandemics, a bioherbicide to counter an invasive weed and a livestock pest control system — to help turn them into the commercial success stories of the future.

Getting a product into the marketplace requires a complex mix of technical understanding, market insight and financial resources. Through Commercialisation Australia entrepreneurs and inventors navigate these processes and take-up opportunities.

More information about Commercialisation Australia and all the projects funded through the program can be found at www.commercialisationaustralia.gov.au/OurParticipants.  For assistance in preparing a  successful claim contact the team at Pattens on 1800 PATTENS or grants@pattens.com

By | 2011-05-17T11:22:06+00:00 May 17th, 2011|Innovation and R&D Grants, Manufacturing Grants|0 Comments

About the Author:

Leave A Comment