Launched by The Department of Industry, Science and Resources, participants in the Industry Growth Program Advisory Service may apply for Commonwealth Commercialisation and Growth Grants to support specific commercialisation and/or growth projects. The commercialisation and growth stages may include developing marketplace strategies for entry to market, accelerating growth and scaling up into national and international markets.
Grant Opportunities are open for SME’s to apply for grants of $100,000 to $5,000,000 to support commercialisation and growth. To be eligible you must:
- 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 commercialisation and growth 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.
Eligibility and instructions on how to apply can be found on the Australian Government’s Grant Connect website.
Please contact the team at MGI if you have any questions or require further information.
