Commercialisation Development Award

About this funding

Commercial Development Awards are available for MSc and PhD students who have submitted their thesis or are currently completing their degree. The aim is to support early-stage work that will make a difference to the tech development pathway. A range of commercial R&D or skill development activities could be supported, including development of initial proof-of-concept results for commercial funding applications, or market research.   

The Commercial Development Award is valued at $4,000, and outputs must be demonstrated six months from the date of award.

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How to access funding

Applicants must submit a plan, and provide a report on the outputs produced within six months of funding being awarded. The funding is paid in two parts, the first when the Commercial Development Award is granted, and the second once the recipient's report is received. Applications are considered monthly.

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Criteria

Restrictions

• Applicants must be supervised by at least one Centre Investigator.

• The commercialisation activities must align with the Centre's activities.

• The applicant must have submitted their PhD thesis within four equivalent full-time years or MSc thesis within two equivalent full-time years or be currently completing their MSc or PhD.

• Any applicant currently completing their MSc or PhD will have to suspend for the term of the award (8 weeks).

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Reporting Requirements

A completed Commercial Development Award report is required and is due to be returned to the Industry Team within six months after the award is granted. The second funding instalment is conditional on this report being received.

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