The reason that Jumbo Vision International received the commercialization grant from the Australian government's Entrepreneurs' Program was to enable the company to export its innovative product to Europe and the United States.
What is a commercialization grant?
A commercial grant is a financial assistance rendered by the government to enable innovative firms to commercialize their novel products, processes, and services, thereby increasing the country's GDP.
An example of a commercialization grant is the Australian Entrepreneurs' Program, which encourages innovative and creative companies to earn profits for their successful research and design efforts.
Thus, the reason that Jumbo Vision International received the commercialization grant from the Australian government's Entrepreneurs' Program was to enable the company to export its innovative product to Europe and the United States.
Learn more about commercialization grants at https://brainly.com/question/26660937
