How much: Up to $500,000.
How long: Up to 12 months.
Who to: An eligible higher education institution (Table A or Table B university, or ‘University College’).
What for: Translation of early-stage research findings into products or services with commercial viability. For example, the funding can be used to:
- demonstrate proof of concept (must start at TRL 3, 4 or 5)
- validate research in an environment that simulates the intended commercial use of the technology
- develop and test prototypes.
Level of business/investor contribution:
- we strongly encourage business and/or investor engagement in the grant application
- cash or in-kind contributions from business/investor partners may strengthen the application
- applications must include a confirmed minimum contribution of at least 10% of the total budget in cash and/or in-kind support from the combined participating organisations.