The combination of Commercial Ready Grants with Venture Capital funding has played an
important role in the success of many Australian technology firms. Venture Capital assists with the
market challenges of financing early stage entities and there is an additional need for programs such as Commercial Ready to close the funding gap.

It is necessary for Australia to continue to produce innovative companies into the 21st century. The mining boom will not last forever. The removal of Commercial Ready will impede many businesses from commercialising their innovation and will prohibit the creation of numerous successful enterprises to support the Australian economy.