IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 04 Jan 2010 | Removal date: 21 Mar 2014
Still in force

Financial grant

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:

  • "Skills and Knowledge" - grants have a maximum volume of AUD 50,000 (USD 45,600) for acquiring specialist advice and services.
  • "Experienced Executives" - grants have a maximum volume of AUD 350,000 (USD 319,200) over two years or up to AUD 175,000 (USD 159,600) per year to engage with experienced executive officers, including a Chief Executive Officer.
  • "Proof of Concept" - grants have a maximum volume of AUD 50,000 to AUD 250,000 (USD 45,600 to USD 228,000) for acquiring assistance to test the viability of a certain business model or an idea of a product, process or service
  • "Early Stage Commercialisation" - grants have a maximum volume of AUD 50,000 to AUD 2 million (USD 45,600 to 1.82 million) for the development of a new product, process or service "where it can be taken to market".

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. 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

Please report this page in case you detect an inaccuracy in its content.