Document ID: chunk:federal_register_of_legislation:F2016N00032:body:0:p2
Version: federal_register_of_legislation:F2016N00032
Segment Type: other
Provision Reference: 
Character Range: 3234–6688

in accordance with the Programme Guidelines.

         "The Board" means the Innovation and Science Australia statutory board, established by the Act.

         "Minister" means the Minister administering the Act.

         "New and Existing Incubator component" means the component of the Incubator Support Initiative that aims to support new and existing incubators to:

              * help develop new Incubators in regions or sectors with high potential for success in international trade, and/ or

              * boost the effectiveness of high performing Incubators, including funding support to expand their services and/or develop the innovation ecosystem.

         "Programme Delegate" means an employee of the Department who has been empowered by the Minister, or is otherwise duly authorised, to carry out the relevant function in accordance with the Programme Guidelines.

         "Programme Guidelines" means guidelines that are given by the Minister to the Department to provide a framework for the operation and administration of the Entrepreneurs' Programme.

         "Publicly Funded Research Organisation (PFRO)" has the meaning given to it in the Programme Guidelines.

         "Recipient" means the entity which enters into a Funding Agreement with the Department and receives payment of a Grant under the Programme.

         2)        A reference in this Direction to "Board may" or "Program Delegate may" is permissive and not mandatory.
5 Object of this Direction

           The object of this Direction is to give direction to the Board in relation to:

              (a)                    providing merit assessments to the Programme Delegate in relation to the Entrepreneurs' Programme – Accelerating Commercialisation Grants, but not limited to, the merit ranking of Eligible applications for these Grants;

              (b)                    providing merit assessments to the Minister in relation to the Entrepreneurs' Programme – Incubator Support Grants under the New and Existing Incubators component including, but not limited to, the merit ranking of Eligible applications for these Grants; and

              (c)                    the policies and practices to be followed by the Board in the performance of these functions.
6 Introduction

         1)        The Board has responsibility for the strategic oversight of the Entrepreneurs' Programme.

         2)        Accelerating Commercialisation provides expert guidance, connections and financial support to assist small and medium businesses, entrepreneurs and researchers to find the right commercialisation solutions for their novel product, process or service.

         3)        Incubator Support provides financial support to assist new and existing incubators to assist Australian start-ups to achieve commercial success in international markets.

         4)        The Board will advise the Programme Delegate on merit assessments in relation to Accelerating Commercialisation Grants.

         5)        The Board will advise the Minister on merit assessments in relation to Incubator Support Grants under the New and Existing Incubator component.

         6)        Accelerating Commercialisation Grants will provide support for eligible Commercialisation Projects, and Incubator Support Grants will provide support for eligible Incubator Support Projects, in accordance with the Entrepreneurs' Programme – Programme Guidelines.