The University of Adelaide’s Commercial Accelerator Scheme (CAS) puts up to $150K into promising research projects with the hope to attract commercial partners and outside investment. The Scheme is set up to encourage industrial collaboration early in the proof of concept process (matching funds, other support).
Since 2007 ARI has provided direct cash support to commercially focussed research projects, leading to major commercial outcomes and excellent leverage of other funding sources. CAS addresses a recognised gap in funding known as the “valley of death” between traditional research funding and the market. It has provided a bridge for many projects to successful licence or other funding options, and as a result of its success ARI and the DVC&VP(R) have committed to continuing the scheme into 2012.