How much: Up to $5 million.
How long: Up to 24 months.
Who to: An eligible higher education institution (Table A or Table B university, or ‘University College’).
What for: A university to support commercialisation of projects that already have proof of concept. For example, the funding can be used to:
- demonstrate proof of scale (must start at TRL 5, 6 or 7)
- develop and test prototypes of new products, processes or technology services.
Level of business/investor contribution:
- these projects must be collaborations with industry and/or investor partners
- AEA funding must be matched with cash and in-kind contributions from industry and/or investor partners, at least 50% co-funding
- industry/investor partners are expected to be fully engaged in the project.