Grant Application to Ausindustry's COMET Program

Jason Bresnehan prepared a grant application and business plan for a SPV to access a Commercialising Emerging Technology Grant

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Jason Bresnehan Prepares a Grant Application for an Ausindustry Commercialising Emerging technology (COMET) Grant

Jason met Fairfax journalist and entrepreneur, Leila Henderson, at a 2003 ANZATEC – the Australian New Zealand Technology Forum event in Silicon Valley  Jason teamed up with Leila to create a bowser based online media release distribution platform with two key competitive advantages. Firstly, it enabled the preparation of the media release using a structured a template to prepare the media release off-line before publishing and secondly it has features providing search engine keyword optimization.

NewsGallery Pty Ltd was incorporated to commercialise the HTML/Javscript/PHP/MySQl platform.

The COMET grant application met all the key criteria in this competitive grant program and the company was awarded a non-recourse grant. A software developer was engaged the platform built and it launched in October 2005.

Central to the commercialisation was the preparation of a five-year business plan with a detailed financial model including cashflow and P&L projections.

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Project Outcomes and Value Added by Jason Bresnehan
The grant proponent achieved the following outcomes

  • The establishment of a company specifically to commercialise the online media release distribution platform
  • A five-year business plan with a detailed financial model including cashflow and P& projections
  • A non-recourse COMET grant to commercialise the technology

Does your organisation need to prepare a grant application to contribute to the funding of a new project or venture? Contact Evahan Managing Director and Principal Consultant Jason Bresnahan to explore how we can leverage our grant and licence application preparation experience for your company.