The Innovation Booster Grant (IBG) program is closed for 2024, until further notice in 2025.
The Commercialisation Bridge Grant (CBG) is a competitive Western Australian government grant, funded through the $25.8 million New Industries Fund which sits under the Department of Jobs, Tourism, Science and Innovation (JTSI).
Funding
Show moreMatching grants of between $50,000 to $200,000 are available. Recipients are required to provide a net cash co-contribution of at least 50:50 applicant to this WA government funding.
For example, a project of $400,000 (total cost excluding GST) would involve the recipient providing at least a matching $200,000 of funding themselves to match the $200,000 grant. The minimum grant request is for $50,000.
Applications can be made online at any time during the year, through the publicised links. A panel of evaluators will meet at various times during the financial year, with the latest recipients being announced in due course.
For eligible, chosen recipients, funds will be made available for up to 12 months after the initial awarding of the grant - unless an extension is confirmed with JTSI - with 50% of the funding made available upfront.
The remaining (50%) funds can be claimed at two further stages of the project: a mid-term milestone (further 25%), and then at the conclusion of the project and a final acquittal report has been provided to, and approved by, JTSI (final 25%).
Categories of Funding
Show moreCommercialisation Bridge Grants are awarded in any of the following four categories:
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Product Readiness
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Team Readiness
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Intellectual Property Readiness
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Commercialisation Readiness.
Where you use internal or external resources in your proposed project, this should be made very clear. In acquitting the project (if approved), you will be required to provide financial evidence (such as paid invoices).
Cut-off dates
Show moreAlthough the CBG program is open all year round, there are various ‘cut-off dates’ when the latest submissions will be downloaded, and then assessed.
Submitted applications cannot be changed after this date. If your application is not ready for assessment, simply continue working on it, without pressing ‘submit’.
The upcoming ‘cut-off date’ for the 2024-5 financial year is:
- 11am (AWST), Thursday 17 October 2024
Further ‘cut-off dates’ will be announced for the 2024/25 financial year.
