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Entrepreneurs' Programme Direction No.1 of 2016

Industry Research and Development Act 1986

I, Greg Hunt, Minister for Industry, Innovation and Science, make this Ministerial Direction under section 19 of the Industry Research and Development Act 1986.

Dated   1 December 2016

GREG HUNT

_______________________

Greg Hunt

Minister for Industry, Innovation and Science

Part 1: Preliminary
1 Name of Ministerial Direction
  This is the Entrepreneurs' Programme Direction No. 1 of 2016.
2 Authority
 This Ministerial Direction is made under section 19 of the Industry Research and Development Act 1986 (the Act).
3 Commencement

         1)        This Ministerial Direction commences the day after this notifiable instrument is registered.

4 Interpretation

         1)        In this Ministerial Direction:

         "Accelerating Commercialisation" means the Accelerating Commercialisation element of the Entrepreneurs' Programme as defined in the Programme Guidelines.

         "Act" means the Industry Research and Development Act 1986.

         "Commercialisation office" means an entity of a Publicly Funded Research Organisation, or an Eligible Corporation controlled by one or more Publicly Funded Research Organisations, that assists researchers in commercialising their intellectual property.

         "Commercialisation Project" means a project which aims to commercialise novel intellectual property in the form of new products, processes and/or services in accordance with the Programme Guidelines.

         "Department" means the Department of the Minister responsible for administering the Act.

         "Direction" means this Ministerial Direction.

         "Eligible application" means an application for funding under either Accelerating Commercialisation or Incubator Support that is an application that meets eligibility criteria set out in the Programme Guidelines.

         "Eligible Corporation" means an eligible corporation as defined in the Programme Guidelines.

         "Eligible partner entity" means an Eligible Corporation whose primary purpose is research but also aims to commercialise the resultant intellectual property, and whose application for registration as an Eligible partner entity has been approved by the Programme Delegate.

         "Entrepreneurs' Programme" means the Entrepreneurs' Programme as defined in the Programme Guidelines.

         "Funding Agreement" means a legally binding agreement between the Department and a Recipient, which may include a Letter of Agreement or a Grant Agreement.

         "Grant" means the funds provided by the Department to the Recipient as set out in a Funding Agreement or Grant Agreement under the Programme.

         "Growth Sectors" means priority industry sectors: Advanced Manufacturing; Food and Agribusiness; Medical Technologies and Pharmaceuticals; Mining Equipment, Technology and Services; and Oil, Gas and Energy Resources.

         "Incubator Support" means the Incubator Support element of the Entrepreneurs' Programme as defined in Programme Guidelines.

         "Incubator Support Project" means a project delivered under the New and Existing Incubator component of Incubator Support 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