A NSW Government website

R&D Fund

Funding for small and medium enterprises (SMEs) and scaleups to commercialise products that address the health, social or economic impacts of the COVID-19 pandemic. Applications open soon.

About the R&D Fund

The $6 million R&D Fund aims to stimulate the development and commercialisation of innovative products that address the health, social and/or economic impacts of COVID-19 and will ultimately benefit the people of NSW.

The R&D Fund targets products within Technology Readiness Level (TRL) 4-9 to help them move along the TRL scale, enable them to attract large-scale private investment, or expand into global markets.

Eligibility

Technology-rich startups, scaleups or small to medium enterprises (SMEs) looking to commercialise innovative technology.    

The core project location must be in NSW. Ineligible projects include activities which largely occur outside of NSW and do not benefit NSW.

Refer to the program guidelines (when available) for the full eligibility criteria. 

Grants available

Grants for each successful applicant will be in the range of $250,000 to $1 million. 

Successful applicants will be determined by an Expert Panel representing government, industry, and academia.

The Expert Panel will have sufficient flexibility to tailor funding support according to what it believes is required to assist the development and commercialisation of a product.

Refer to the program guidelines (when available) for the assessment criteria. 

Resources

The program guidelines will be available when applications open. 

Contact us

Please contact Investment NSW if you have any questions about the R&D Fund.