Document ID: chunk:federal_register_of_legislation:F2009L01628:body:0:p3
Version: federal_register_of_legislation:F2009L01628
Segment Type: other
Provision Reference: 
Character Range: 5857–9623

and/or
       b)     the extent of reduction in passenger motor vehicle greenhouse gas emissions.

              Criterion 2: The technical merit and extent and calibre of innovation generated in Australia by the proposed project.

    The applicant may indicate merit by demonstrating:

       a)      technical capacity to undertake the project, including:
              (i)                 adequate infrastructure, facilities and equipment available to meet the short and long-term requirements of the project;
              (ii)               a good understanding of technical product development, testing and production start-up;
              (iii)            appropriately skilled technical staff, and sub-contractors; and
              (iv)             a well-articulated project plan, including activities, methodologies and milestones linked to a feasible timeframe and budget;
       b)     a strong track record in the project field;
       c)      the degree of innovation evident in the project described in terms of being:
              (i)                 new to the firm
              (ii)               new to the Australian automotive industry
              (iii)            new to Australia or
              (iv)             new to the world;
       d)     the degree of technical risk, or that the project is building on prior work that has an appropriate level of technical risk, and strategies or collaborative arrangements to manage those risks.

              Criterion 3: The capacity and capability of the applicant to undertake the project, including management capability.

    The applicant may indicate merit by demonstrating:
       a)      key management personnel have appropriate expertise and a solid track record in:
              (i)                 project management
              (ii)               commercialisation management, and
              (iii)            business management, including human resources and financial management;
       b)     the applicant, or consortium members, have core business interests directly relevant to the project;
       c)      the applicant, or consortium members, have company business plans which includes and supports the proposed project;
       d)     company stability and/or growth over the two financial years prior to lodging the application if the applicant is an established company; and
       e)      the need for funding, including, where applicable, arguments to support the applicant in seeking an investment ratio other than one dollar provided by government for every three dollars provided by the applicant.

              Criterion 4: The commercialisation potential of the proposed project to the benefit of Australia.

    The applicant may indicate merit by demonstrating:
       a)      key commercialisation personnel have appropriate expertise and a solid track record in commercialising and marketing innovative products, processes or services;

       b)     a sound commercialisation plan setting out a clear route to market for the project outcomes including:
              (i)                 an understanding of any trade barriers;
              (ii)               access to manufacturing or commercialisation partners; and
              (iii)            actions and timeframes to achieve commercial exploitation which benefits Australia;
       c)      a realistic estimate of market demand for the project outcomes;
       d)     a realistic understanding of the competitiveness of the project's outcomes, including:
              (i)                 the competitive advantage(s) of the project's outcomes compared to competing products, processes or services; and
              (ii)               the frequency of entry of new products, processes