Document ID: chunk:federal_register_of_legislation:F2008L03036:body:0:p3
Version: federal_register_of_legislation:F2008L03036
Segment Type: other
Provision Reference: 
Character Range: 5682–9374

key management personnel have appropriate expertise and a solid track record in:
                 + project management
                 + commercialisation management, and
                 + business management, including human resources and financial management;
         *           a core business directly relevant to the project;
         *           a company business plan which includes and supports the proposed project; and
         *           company stability and/or growth over the two financial years prior to lodging the application if the applicant is an established company.

              Criterion 2:  Project commercial potential

    The applicant may indicate merit by demonstrating:
         * key commercialisation personnel have appropriate expertise and a solid track record in commercialising and marketing innovative products, processes or services;
         * a sound commercialisation strategy setting out a clear route to market for the project outcomes including:
                 + an understanding of any trade barriers;
                 + access to manufacturing; and
                 + timeframe to commercial exploitation;
         * a realistic estimate of market demand for the project outcomes; and
         * a realistic understanding of the competitiveness of the project's outcomes, including:
                 + the competitive advantage(s) of the project's outcomes compared to competing products, processes or services; and
                 + the frequency of entry of new products, processes or services in the relevant market.

              Criterion 3:  Project technical strength (including applicant technical capabilities)

    The applicant may indicate merit by demonstrating:
         * the technical capacity to undertake the project, including:
                 + adequate infrastructure, facilities and equipment available to meet the short and long-term requirements of the project;
                 + a good understanding of technical product development, testing and production start-up;
                 + appropriately skilled technical staff and/or sub-contractors; and
                 + a well-articulated project plan, including methodologies and milestones linked to a feasible timeframe;
         *           a strong track record in the project field;
         *           a project with an appropriate level of innovation; and
         *           the project will resolve technical risk, or build on prior work that has an appropriate level of technical risk.

              Criterion 4:  Project National Benefits

    The applicant may indicate merit by demonstrating how:
         *           the project will improve national productivity and contribute to economic growth;
         *           the project will result in social, community and/or environmental benefits;
         *           the project will address the effects of climate change; and
         *           Australia will get significant spill-over benefits through conduct of the project and/or commercialisation of its results, including:
                 + diffusion of knowledge and skills;
                 + diffusion of new products, processes or services; and/or
                 + increased collaboration between businesses and/or businesses and research institutions.

              Criterion 5:  Impact of funding on project outcomes

    The applicant may indicate merit by demonstrating a realistic project budget identifying that program funding is needed for the project to achieve its planned outcomes and
the applicant either:
           * does not have the financial resources without grant assistance to complete the project