ANNOUNCED AS TEMPORARYNo
Commercialisation Australia was established through the Ministerial Directions and Guidelines, which was issued by the Minister for Innovation, Industry, Science and Research on 18 December 2009. The program commenced on 4 January 2010 and closed for new applications on 21 March 2014.
The Australian authorities stipulated that the program supports "Australia's talented researchers, entrepreneurs and innovative firms to convert intellectual property into commercial ventures, creating high skill jobs and increasing competitiveness."
The Commercialisation Australia program provides the following financial grants:
The Skills and Knowledge grant covers 20% of the eligible project costs, whilst the other grants cover at least 50% of the eligible project costs. Applicants are notably not limited to one of the above financial grants.
The total volume of grants in 2013/2014 was AUD 63.99 million (approx. USD 61 million), whilst cost in the year 2014/2015 had a total volume of AUD 41.86 million (approx. 39 million. The Australian authorities notified the World Trade Organisation that Commercialisation Australia has provided financial assistance to 607 projects totalling AUD 231.6 million (approx. 164 million).
The Australian authorities notified the World Trade Organization of this subsidy scheme on 28 January 2016 in accordance with Article XVI:1 of the GATT 1994 and Article 25 of the Agreement on Subsidies and Countervailing measures.
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