Commercialisation PLUS is a highly flexible process that can be used to support commercialisation of a
It builds on international best practice and is underpinned by government innovation policies and regulations to deliver sustainable development outcomes that also address social and environmental considerations, also known as triple bottom line impact.
By connecting research with industry, the Commercialisation PLUS process aims to help researchers build relationships with the private sector that facilitate the transfer of new products, or production methods, developed through research and to launch them in the market for real-world impact.
The Commercialisation PLUS process can transform research ideas into products and/or services accessible by society, resulting in benefits for universities or research organisations, companies, industries, regional and national economies, and the greater society.
The Commercialisation PLUS outcomes contributes to economic benefit being realised from research for the nation and the world, by ensuring that societal and environmental benefits are enhanced wherever possible and adverse effects are mitigated to create the widest impact for long-term sustainable development.
Commercialisation PLUS can be defined as a process
for managing the transfer of research outputs
to commercial partners for impact and sustainable development.