The CRC for
Polymers has a comprehensive and focused strategy for the
commercialisation of its research. Commercialisation strategies
have been developed for all the activities in the research
programs and these are contained in project agreements that have
been executed by all the participants in each project and the
CRC-P. Nearly all the projects will be conducted in
collaboration with a user participant that:
-
has
identified the market need for the technology being
developed,
-
has
determined that it has high commercial potential based
on their detailed knowledge of the market,
-
has the
necessary production and distribution channels to take
the resulting product to market, and
-
is
committed to commercialising the technology because of
its high potential impact on their business.
The CRC-P
manages the commercialisation program and is supported by Deputy
Research Program Leaders, members of the project teams that
bring in-depth knowledge of the target markets, plus scientists
and engineers committed to this program within the CRC-P. The
commercialisation activities are guided by the Board of the
CRC-P, which includes members with commercialisation skills, and
the Commercialisation Advisory Committee also provides advice
on commercialisation.
The major pathway
for commercialisation is through the CRC-P licensing the
technology to the industrial participant involved in the
development of that technology for the applications and
territories that they can exploit. That allows the CRC-P to
exploit the commercial opportunities in the wider applications
or other territories through additional licences or the creation
of spin-off companies.
The Board and
the management of the CRC-P have the skills required to manage
the process of obtaining investment capital, and the management
team of the CRC-P includes members that have been involved in
previous successful capital
raising
activities. |
