Further Information
Current funding for the program over the five year period is approximately $720.0m. The additional funding provided through Backing Australia’s Ability brings total funding to $947.0m over 5 years.
Expansion of the COMET Program
Expense ($m) Explanation
2001-02
|
2002-03
|
2003-04
|
2004-05
|
Department of Industry,
|
10.0
|
10.0
|
10.0
|
10.0
|
Science and Resources
|
|
|
|
|
This measure provides an additional $40.0m over 4 years to extend the Commercialising Emerging Technologies (COMET) Program. COMET provides assistance in the form of services for the development of management skills, creation of an effective management team, conducting market research, developing intellectual property strategies and developing achievable, realistic business plans.
COMET was developed in response to a need for support that enables individuals, early growth stage companies and spin-off companies from research institutions to manage innovation and its commercialisation. It provides support for key steps in the innovation and commercialisation process in order to assist the targeted groups to bring their product to market.
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