Commercialisation Australia Program Direction No. 1 of 2011 (Cth)

Commonwealth of Australia

Industry Research and Development Act 1986

Commercialisation Australia Program Direction No. 1 of 2011

I, KIM JOHN CARR, Minister for Innovation, Industry, Science and Research, acting under sections 18A, 19 and 20(1) of the Industry Research and Development Act 1986, give the following direction to Innovation Australia (the Board)

Dated 24.11.11

K. CARR Minister for Innovation, Industry, Science and Research

PART 1 - PRELIMINARY

Name of direction

1. This direction is the Commercialisation Australia Program Direction No. 1 of 2011.

Commencement

2. This direction commences on the day on which particulars of the direction are published in the Gazette and registered in the Federal Register of Legislative Instruments.

Object of this direction

3. The object of this instrument is to give direction to the Board in relation to:

(a) the provision of technical assessments and additional functions of the Board, namely

(i) providing technical assessments in relation to the Commercialisation Australia program, including, but not limited to, the merit ranking of eligible applications under the program;

(ii) assembling information on the early stage commercialisation system which can be used to develop evidence-based policy and to investigate new commercialisation policy approaches and their applicability to the Australian innovation system;

(iii) identifying a program of research to measure the effectiveness of the Commercialisation Australia program, to support any potential amendment, or development, of the program and to provide input to Government on commercialisation policy; and

(iv) providing advice on pilot program activity to assess the practicality of alternative/new methods of support for commercialisation.