The objective of the CTS is to provide high quality research commercialisation training for the next generation of Australian researchers as a means of equipping them with the skills, knowledge and experience necessary to bring research-based ideas, inventions and innovations to market.
Australian government funding is provided through annual block grants to participating higher education providers who are responsible for identifying and selecting high quality Australian higher degree by research students. All applications for CTS support should be made directly to a participating provider.
CTS Students will receive training in three areas:
- Commercialisation Know-how (a strategic understanding of commercialisation processes)
- Technical Commercialisation Skills (eg Intellectual Property Management, Financial Management, Project Management and Market Research)
- Organisational Behaviour Skills (eg Leadership, Teamwork and Presentation skills).
CTS students are exempt from payment of student contribution amounts and tuition fees for units undertaken as part of CTS training. Students will be awarded a Graduate Certificate on successful completion.
Guidelines
The CTS guidelines applying to 2010 are available for download from the Australian Government's Federal Register of Legislative Instruments.
CTS Minimum Grant Amount
The CTS minimum grant amount for 2010 is $22,126.
Conditions
Conditions of grant are included in the CTS guidelines.
Further information on the CTS can be obtained by writing to RBGrants@innovation.gov.au
Development of the CTS
There has been extensive consultation with Higher Education Providers and other stakeholders to develop the administrative arrangements for the scheme.
Consultation commenced in January 2006 with the circulation of the CTS Issues Paper. The outcomes of the primary round of consultations were summarised in June 2006 in the CTS Final Paper, the Commercialisation Training Scheme Training Framework Study prepared by the Australian Institute for Commercialisation on behalf of the Department.
The Department developed draft CTS guidelines and conditions of grant and draft CTS reporting requirements based on the initial feedback and sought additional feedback on the newly developed administrative arrangements. As a result, minor modifications to enhance clarity were incorporated into Final draft CTS guidelines and conditions of grant and Final draft CTS reporting requirements in July 2006.
The CTS guidelines were approved under the authority of the Higher Education Support Act 2003 and registered on the Federal Register of Legislative Instruments on 13 December 2006.
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