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The Rozetta Institute is a philanthropic innovation accelerator with a mission to identify and translate breakthrough ideas that will transform Australia. We are Australia’s only independent, philanthropic accelerator. Our independence enables us to take a st...

Check Company Name(s) Early in the bid phase you should establish the preferred company name for the CRC should you be successful and check the name availability on the ASIC Organisation and Business Name Portal. Your target name should include the abbreviat...

This Playbook is a resource designed to be of use to Cooperative Research Centres that are starting up. We have started the construction of this Playbook based on the experience of some of the CRCs that the Rozetta Institute has helped to establish. It is a de...

Once you are notified you have been awarded the grant from the CRC Program you can commence establishing the CRC Entity and organisation. It is important that you read the Grant Opportunity Guidelines, and any other information provided by the CRC Program Tea...

There are three key foundation documents for the CRC that will be implemented at the commencement of the CRC. It is important for these three documents be developed together as they interact and will need to be consistent in how they carry across obligations n...

Role of the Board The role of a CRC Board is to provide leadership, strategic guidance and oversight in relation to a CRC bid and ensure good governance practices are adopted.  To help with this process it is recommended that a Board Charter be adopted (a cop...

The CRC will be both a user and developer of significant intellectual property (IP) and is required under the Commonwealth Grant Agreement to ensure that it has a plan to manage and monitor intellectual property protection. It is important to establish the pos...

As a recipient of a government grant it is incumbent on the CRC to ensure that its partners and participants in the CRC are of good standing, and not subject to interference from foreign parties. It is therefore important that the CRC manages its risk exposure...

Policy for Approving Projects Within the first few months a policy should be developed and approved by the Board that outlines how research and commercialisation projects will be developed and approved. What are the timelines for project development and ap...

Policy for Project Management A policy for reviewing and managing the performance of projects should be approved by the Board and implemented by the executive of the CRC. The policy may require each project to be described in a project plan, along with miles...

Contract Register A contract register can either be created either using a CRM (*recommended) (such as Dynamic365, Zoho Hubspot, Salesforce) or excel spreadsheet. The benefits of using a CRM system: All information (including actual contracts) are stored i...

Reporting Requirements – ACNC In order to maintain ACNC registration, organisations are required to report annually to the ACNC. This annual reporting is completed through the Annual Information Statement (AIS) lodgement on ACNC portal. The audited annual fin...

Choice of Bank and Opening Bank Accounts It is recommended to choose big 4 banks (WBC, CBA, ANZ, and NAB). It is important to have a dedicated relationship manager from the chosen bank. The bank accounts to open are business transaction / cheque account, busi...

Appointing an Auditor  The appointment of the CRCs auditor is required to be made by members at the AGM. The CRC should prepare a Request for Proposal (RFP) outlining their requirements and expectations and send it to at least three auditing firms. Once prop...

Tax Registration Please find below tax registrations: Tax File Number (TFN) Good and Services Tax (GST) Pay as You Go (PAYG) withholding Fringe Benefits Tax (FBT) Tax Reporting Most of CRCs are required to lodge their GST on quarterly basis, IAS on ...

Under the Commonwealth Grant Agreement the CRC is required to conduct a risk assessment to identify the risks associated with undertaking the grant activities and to effect and maintain adequate and appropriate insurance to mitigate the risks identified in the...

Organisation  The organisation structure for the CRC will be dependent on the size and nature of the specific CRC program. CRC Boards range in size from 5 to 8 members and are drawn from industry, government and research and the structure of the Board will b...

Developing a Brand Presence A unique brand presence is one of your organisation’s most important assets so it’s worth spending a bit of money to get it right. A good brand will help reflect the organisations identity, help build trust, and recognition. Engag...

The content of this Playbook is under the Creative Commons Licence “Attribution-Noncommercial – Sharealike 4.0 International” (CC BY-NC-SA 4.0) Under this licence you are free to: 1.    Share — copy and redistribute the material in any medium or format 2.  ...

This CRC Startup Playbook (Playbook) is intended to be a valuable resource for start up CRCs.  Rozetta Institute Limited is a philanthropic innovation accelerator with a mission to identify and translate breakthrough ideas that will transform Australia. The Pl...