Deadline Date: Ongoing
The Industry Growth Program’s Early-Stage Commercialisation grant provides vital support for Australian small and medium enterprises (SMEs) seeking to validate and advance the commercial potential of innovative products, processes, or services.
Focus Areas: The program focuses on the priority areas outlined by the National Reconstruction Fund (NRF), which include value-add in resources, value-add in agriculture, forestry and fisheries, transport, medical science, renewables and low emissions technologies, defence capability, and enabling capabilities.
The Early-Stage Commercialisation grant offers between $50,000 and $250,000 to assist SMEs in developing and testing early prototypes, conducting feasibility studies, and validating the commercial potential of innovative solutions. Applicants are required to contribute at least 50% of the eligible project expenses, ensuring that the initiative supports businesses with a shared commitment to innovation and growth.
This competitive grant opportunity is designed for early-stage commercialisation projects that progress through Technology Readiness Levels (TRLs) from TRL3 to TRL6. These projects may include feasibility assessments, proof-of-concept development, small-scale testing, system integration, prototype testing, and partner identification. Projects must have a duration of at least six months and no longer than twenty-four months, ensuring completion within two years from the commencement date.
To be eligible, applicants must have an Australian Business Number (ABN), be registered for Goods and Services Tax (GST), and not be income tax-exempt. Eligible entities include companies incorporated in Australia, cooperatives, or incorporated trustees applying on behalf of a trust. Applicants must also have an annual turnover of less than $20 million for each of the three financial years prior to application submission.
Additionally, businesses must have received a report from the program’s Advisory Service and demonstrate access to or ownership of the necessary intellectual property for their project. They are required to show evidence of financial capability to fund their portion of project costs, such as through bank statements, loan agreements, or an accountant declaration.
Grant funding can only be used for eligible expenditure directly related to project activities and incurred during the approved project period. Expenditure must be within the project’s agreed scope and cannot benefit related bodies.
Since the Early-Stage Commercialisation grant is competitive, applications are assessed by a judging panel. Applicants can strengthen their submissions by engaging accredited government grants consultants, such as Avant Group, who provide support in developing detailed business cases, presentations, financial forecasts, cost-benefit analyses, and comprehensive application materials.
Avant Group also offers a no-obligation assessment to determine eligibility and the likelihood of success for prospective applicants.
For more information, visit Avant Group.
