The Research and Development Fund opens in late August 2021
through a competitive grant scheme and supports small-medium
businesses (SMEs) and scaleups to commercialise products that
address the health, social or economic impacts of the COVID-19
pandemic.
Eligible businesses
Small and medium-sized enterprises and scaleups that have:
- an ABN registered in NSW and is based in NSW
- at least 75% Australian ownership (and not more than 50% owned
by another business)
- operated for at least 12 months
- at least $1 million in sales revenue or operating expenditure
within the last 12 months
- a product that can be brought to market within 2 years
- the intellectual property rights to commercialise the
product
