Proof of Concept support will provide grants from $50,000 to $250,000 to successful applicants to test the commercial viability of the business model for a product, process or service.

Successful Proof of Concept applicants will be assigned a Case Manager to assist them through the commercialisation process and facilitate access to Volunteer Business Mentors.

Projects that focus on basic research aimed at creating the base intellectual property are not eligible. For example, projects that predominantly consist of early investigation and conceptual development will not receive support.

Expenditure must be incurred on eligible project activities after an application has been accepted to be considered.

Types of eligible expenditure are:

• Labour expenditure
• Contract expenditure
• Plant expenditure
• Prototype expenditure
• Intellectual property protection expenditure

More information on the Proof of Concept component is in the Customer Information Guide.

Applications for the Proof of Concept component will be assessed through a competitive, merit based selection process. More information can be found in the Apply section.

 Download a PDF version of the Proof of Concept Fact Sheet [77 Kb]

 Download a RTF version of the Proof of Concept Fact Sheet [9 Mb]