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New Accelerating Commercialisation Grants Announced in March and April 2023
April 11th, 2023
New Accelerating Commercialisation grants have been announced in March and April 2023, which are the first awarded since the new government came into power in May 2022.
Unlike the R&D Tax Incentive, which is a self-assessed, eligibility-based system enshrined in the law (where if companies can prove they meet the criteria, they can access the programme), Accelerating Commercialisation grants are merit-based and awarded largely at the discretion of the government based on guiding criteria. This means that considerable time may be input into an application with no guarantee of a favourable result.
However, the grants available to successful recipients are significant, and potentially business transformative.
Swanson Reed congratulates the latest 2023 recipients, which are as follows:
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