The new programme from the Australian Government to assist young companies has been launched under the banner of Commercialisation Australia. Recent announcements have called for applications for the Commercialisation Australia Board (680 applications received for seven seats), for the CEO, Case Managers and Volunteer Mentors.
The suite of assistance initiatives under this programme are replacing COMET, Commercial Ready and other government programmes that have been cancelled over the last 18 months. The assistance replacing those programmes is detailed on the Commercialisation Australia web site and comprises up to $50,000 to access specialist advice and services, up to $200,000 over two years to assist in the recruitment of experienced executives, 1:1 matching Proof-of-Concept grants of $50,000 to $250,000 to test the commercial viability of a product/service/process and repayable grants of $250,000 to $2m to take a new product/service/process to market.
Original Article: New commercialization policies in Australia « National Angel Capital Organization
