Proof of Concept Program

Description

The Proof of Concept Program is designed to help establish the commercial feasibility of innovative natural products and technologies in order to attract and de-risk subsequent investment.

The program does not support basic research or preliminary product/technology development. It is intended to demonstrate commercial potential via preliminary animal, field, demonstration or human trials. For academic research institutes, the program is conditionally repayable and is intended to move a product or technology from intellectual property disclosure to near term spin-out and/or licensing opportunities. For start-ups and SMEs, the program is repayable and is intended to demonstrate commercial feasibility of products and technologies.