We were fortunate today to have Malcolm Donnell visit us and speak to our professional staff in Sydney.
Malcolm Donnell is the MD of Donnell & Associates Pty Ltd and a Case Manager with Commercialisation Australia.
As set on the CA website:
Commercialisation Australia is a merit based, competitive assistance program delivered by the Australian Government that provides a new integrated, hands-on approach to take products, processes and services to market by offering a range of tailored assistance measures for specialist advice and services, proof of concept and early stage commercialisation activities.
Commercialisation Australia has funding of $244 million over the five years FY 2010 - 2014, with ongoing funding of $82 million a year thereafter.
Malcolm took his audience through the four main grant opportunities available to individuals and organisations looking to commercialise their high quality R&D, namely:
Skills and Knowledge support to help build the skills, knowledge and connections required to commercialise intellectual property, providing funding of up to $50,000 to pay for specialist advice and services. This funding is provided in the ratio of 20 per cent contribution by the applicant to an 80 per cent contribution from the grant, to a maximum grant amount of $50, 000 (eg: $12,500 from the applicant and $50,000 from the grant).
Experienced Executives which provides funding up to $200,000 over two years to assist with the recruitment of a Chief Executive Officer or other senior executive. This assistance is provided on a 50:50 matching basis.
- Proof of Concept grants of $50,000 to $250,000 to test the commercial viability of a new product, process or service. This assistance is provided on a 50:50 matching basis.
- Early Stage Commercialisation repayable grants of $250,000 to $2 million to develop a new product, process or service to the stage where it can be taken to market. This assistance is provided on a 50:50 matching basis.
Should you be looking for funding for commercialisation purposes, please do not hesitate to contact us
should you like an introduction or referral to Mr Donnell.