This evaluation covers the Commercialisation of R&D Funding Initiative Pilot run in partnership with the CSIRO’s ON Prime Program, and an associated workshop ARENA conducted for eligible applicants.
Report extract
The Commercialisation of R&D Funding Initiative Pilot was very effective in delivering the short-term outcomes that it set out to achieve at a stage of development where impact can be challenging to deliver. The Initiative was not an efficient mechanism, however, when considering the ARENA resources required to run the round against the grant funding that was awarded.
The design of the Initiative was appropriate, although it should be noted the National Innovation and Science Agenda (NISA) funding that supported the ON Prime program that was leveraged for the pilot expired on 30 June 2020. The Initiative would also deliver higher impact and increase efficiency, whilst retaining value for money, if the project grant funding request was increased to $200,000 and the maximum project length was extended to 1.5 – 2 years.
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