NSW Innovation Districts COVID-19 R&D Challenges

Submit an Expression of Interest.

COVID-19 has disrupted the world’s economies.

NSW Treasury is seeking to identify and support businesses that are located within innovation districts (see below) to accelerate the commercialisation of research products that address the many disruptions caused by the COVID-19 pandemic. To achieve this, the Government is partnering with universities and CSIRO in NSW to deliver three rounds of challenges.

Challenge Statement: Health and wellbeing solutions that reduce the impact of COVID-19 on the people of NSW.

Challenge One is now open. Expressions of Interest responding to challenge statement above need to be registered by 28 October 2020.

  REGISTER EOI HERE

 

Download the EOI as a PDF for reference.

  PDF version

Innovation Districts

Innovation districts are locations where research institutions and companies cluster and connect with startups, business incubators and accelerators; and can network and accelerate commercialisation.

12 partner institutions have joined this project led by NSW Treasury, including 11 of the universities in NSW and CSIRO which form the Boosting Business Innovation Program network

Innovation district partners will identify businesses with connections within their area, either through research relationships or physical location, that have high potential products or services that address the challenge statement.

A Unique Innovation Arc of Collaboration

CSIRO is collaborating with two other Boosting Business Innovation organisations, Macquarie University and Western Sydney University, to deliver these challenges. This is the first time that the three organisations have worked collaboratively to deliver a State Government program to businesses. By doing so, they bring together an innovation arc that stretches across Sydney from the Northern Beaches, North Shore, North Western Sydney, arching out to Paramatta, Penrith Camden, Campbelltown and Liverpool.

After considering the submissions across our combined regions, nine outstanding businesses will move forward to stage 2.

Challenge One: Health and well-being solutions that reduce the impact of COVID-19 on the people of NSW

Key Dates

Challenge One Open: Challenge will launch on Wednesday 30 September 2020.

Stage 1 Close:  Expressions of Interest will close on Wednesday 28 October 2020.

Stage 2 Close:  Final submissions for selected stage 2 candidates need to be made by 11 November 2020.

Funding opportunities available.

The total funding pool available for each Challenge round is $500,000.

Grant Recipient Funding Available
Highest ranked applicant $250,000
Second-highest ranked applicant $100,000
Third-highest ranked applicant $30,000
Highest ranked applicant in each Innovation District that is not one of the statewide overall recipients $120,000

($10,000 for each of the 12 innovation districts)

Application Process

The application process of the Innovations Districts Challenge has two stages.

Stage 1.   Expression of Interest (EOI) and a Government Eligibility check

Stage 2.   Full application (by invitation only)

For more detail click here

Expression of Interest Form

 

  REGISTER EOI HERE

 

What you need to know to register an Expression of Interest

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  • To be eligible, businesses must have:

    • an ABN registered in NSW and be based in NSW,
    • fewer than 200 employees,
    • been trading for at least 12 months,
    • at least $75,000 in sales revenue within the last 12 months or previous financial year,
    • a product or service (which may still be in development) that it intends to market within

    12 months that directly addresses the health and wellbeing impact of COVID-19,

    • ownership that is at least 75 per cent Australian and is not more than 50 per cent owned by another

    business.

  • To be eligible, businesses must have:

    • an ABN registered in NSW and be based in NSW,
    • fewer than 200 employees,
    • been trading for at least 12 months,
    • at least $75,000 in sales revenue within the last 12 months or previous financial year,
    • a product or service (which may still be in development) that it intends to market within

    12 months that directly addresses the health and wellbeing impact of COVID-19,

    • ownership that is at least 75 per cent Australian and is not more than 50 per cent owned by another business.
    • Eligible businesses must also provide:
      • an operating profit and loss statement for the last 12 months or previous financial year
      • brief profiles of key personnel such as CV or LinkedIn accounts
      • nomination of their primary innovation district partner.

    For further clarification please go to the  Business NSW site.

  • Stage 1 – Complete EOI form. (Complete and submit via the button above)

    Stage 2 – Each innovation district partner will refer the most promising businesses to the Government for an initial eligibility check. Selected businesses will then work with Innovation District Partners to develop final applications.

    Businesses seeking to learn more should liaise with the innovation district partner, or contact the Global NSW Concierge at www.global.nsw.gov.au/contact-us.

    Nominated businesses will be invited to complete the Stage Two Application form and provide the supporting material outlined.

    All Stage Two applications will be submitted to NSW Treasury.

    Businesses will provide:

    • completed Stage Two Application Form
    • budget and commercialisation plan
    • video presentation up to two minutes
    • declaration of conflicts of interest and description of any ethical or regulatory requirements to deliver the product or solution to a marketable state in NSW.

    – Link to NSW Treasury website that contains final application form (stage 2 of the application process)

  • NSW Treasury will lead the assessment of the final applications, which will be assessed and ranked against the criteria tabled below.

    An assessment panel will be convened and will consist of:

    • a representative(s) of NSW Treasury (Chair)
    • a representative of NSW Health
    • a representative of the Department of Premier and Cabinet
    • a representative from the Office of NSW Chief Scientist & Engineer
    • an independent global expert on entrepreneurship and innovation districts from the Massachusetts Institute of Technology
    • an independent probity advisor

    Assessment Criteria

    Applications will be assessed on:

    Criteria Weighting
    1 Impact 33%
    2 Effectiveness 33%
    3 Delivery 34%

     

    For more in depth information please click here   VISIT GOVERMENT WEBSITE

  • Further information is available at the Innovation Districts COVID-1919 R&D Challenges website at business.nsw.gov.au or contact the Global NSW Concierge at global.nsw.gov.au or call 8222 4888.

    For the complete document and guidelines and for FAQ information please    Click Here

Contacts
katie green
Lindfield Collaboration Hub