Document ID: chunk:federal_register_of_legislation:F2024C00098:body:0:p15
Version: federal_register_of_legislation:F2024C00098
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by the department;

         (d) make recommendations to the department on the merits of eligible Ignite Grant applications that are submitted for consideration for grants under Part 1 of this Chapter;

         (e) assess initial expressions of interest submitted by providers for Innovate Grants, and provide advice on whether these expressions of interest satisfy the eligibility criteria set out in the Act and these Guidelines and any other selection criteria notified by the department;

         (f) short-list eligible Innovate Grant applications that are submitted for grants under Part 2 of this Chapter, and provide the shortlist to the AEA Advisory Board for its consideration, prior to the Board making recommendations to the Minister or the department;

         (g) drive a commercialisation culture and increased capability, knowledge and awareness of research commercialisation, including by encouraging success of projects through coaching and support to grant recipients, building connections across projects, and promoting the Australia's Economic Accelerator Program and other Commonwealth Government commercialisation initiatives;

         (h) provide strategic leadership, advice and mentoring to research and industry stakeholders and create partnerships to benefit the Australia's Economic Accelerator Program; and

         (i) assist the department in the management of funded projects as required.

5.20   AEA Advisory Board

For the purposes of paragraph 42-15(d) of the Act, the AEA Advisory Board also has the function of making recommendations to the Minister or the department on eligible Innovate Grant applications.

       PART 1—IGNITE GRANTS

5.25   Purpose of Ignite Grants

Grants may be made to providers under the Australia's Economic Accelerator Program for the purposes described in paragraph 5.5, and specifically, for the purposes of assisting providers with demonstrating the commercial feasibility of a project by undertaking testing in an industrially relevant environment that simulates the intended commercial use of the technology (Ignite Grants).

5.30   Specified bodies corporate and extra conditions of eligibility

Specified bodies corporate

     (1) For the purposes of item 14 in the table in subsection 41-10(1) of the Act, bodies corporate that are in the 'University College' provider category listed in the Higher Education Standards Framework (Threshold Standards) 2021, are eligible to receive Ignite Grants under the Australia's Economic Accelerator program.

Extra conditions of eligibility

     (2) It is an extra condition of eligibility that grant recipients receiving an Ignite Grant:
          (a) nominate an individual engaged by the grant recipient (Lead Entrepreneur) that must commit to work on the project for a minimum of 0.5 FTE over the grant period; and

         (b) demonstrate that, at least one participating organisation has committed a cash or in-kind contribution to the project; and

          (c) demonstrate how their proposed project aligns with one of the following national priority areas:

              (i) value-add in the resources sector;
              (ii) value-add in the agriculture, forestry and fisheries sectors;
              (iii) transport;
              (iv)