Document ID: chunk:federal_register_of_legislation:F2012L01207:body:0:p4
Version: federal_register_of_legislation:F2012L01207
Segment Type: other
Provision Reference: 
Character Range: 8901–12372

market for the project outcomes including:

         -            defining market entry barriers and the strategies to overcome these barriers;

         -            manufacturing and market supply strategy including channel partners if relevant;

         -            timeframe to first market entry and outlining expected market growth;

         -            outlining the revenue strategy including the pricing strategy and the pricing model; and

         -            how the applicant will fund the deployment beyond the grant period.

    Merit Criterion 3 - Technical strength of the project (including the technical capability and resources available to the Applicant).

    The applicant should 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 development, testing, production start-up and transition to commercial reality; and

         -            appropriately skilled technical staff and/or sub-contractors.

         * A well articulated project plan, including methodologies and milestones linked to a feasible timeframe.

         * A project with an appropriate level of innovation.

         * The project will resolve technical risk, or build on prior work that has an appropriate level of technical risk.

         * For demonstration projects only, how the project is technically feasible and proven at pilot scale.

    Merit Criterion 4 - Management capability of the Applicant.

    The applicant should indicate merit by demonstrating:

         * Key management personnel have appropriate expertise and a solid track record in:

         -            project management

         -            commercialisation management

         -            business management

         * How the project fits within the applicant's business and/or commercialisation strategy.

         * Company financial viability and performance.

         * The alignment of interests between collaborating parties, and the terms and nature of the collaboration agreement (including sharing of risks, benefits, intellectual property management), appropriateness of the project team to undertake the project and adequate project governance arrangements between the parties.

PART 3 - ASSESSMENT OF PROPOSALS FOR VARIATION TO THE AGREED PROJECT

    9.             If a recipient has submitted a proposal to the Department for approval of changes to the project, including the addition of new activities, the discontinuance of activities, the substitution of new activities in the place of discontinued activities, a variation to funding, or a variation to the project's timeframe, the Program Delegate may request that the Board assess the proposal.

    10.         If the Board receives a request under clause 9, it must assess the proposal as soon as is practicable and provide the assessment to the Program Delegate.

    In undertaking an assessment of a proposal to change the project the Board will determine:

       (a)          the extent to which the changed project meets the merit criteria; and

       (b)          whether the change to the project would:

            (i)              significantly improve the outcomes of the project;

            (ii)            be consistent with the