Accelerating Commercialisation: Who Qualifies and What You Get
Learn how startups can access matched funding to bring novel products and services to market through this Australian program.
This scheme provides financial support to help startups move their new products, processes, or services from the development stage into the actual marketplace.
Who it's for
This program is designed for startups that are working to commercialise novel products, processes, or services.
What you get
You can receive matched funding to help cover the costs of bringing your innovation to market, with the potential to receive up to $1 million.
What it costs you
To participate, you must provide a funding match equal to the amount you receive from the government. You will also need to develop and present a robust commercialisation plan to demonstrate how your product will succeed.
The catch to know
The selection process is highly competitive. When applying, you must focus heavily on "market pull"—which means proving there is a real demand and a clear market for your product—rather than focusing only on how advanced your technology is.
How to apply
- Develop a detailed plan showing how you will sell your product in the real world.
- Secure your own funding to ensure you can meet the required 1:1 matching requirement.
- Prepare your application focusing on market demand and commercial viability.
- Check the official government resources for current application windows and submission details.