NSW Small Business Innovation and Research Program (SBIR) 2022
You may be eligible for funding from the NSW Small Business Innovation and Research Program which aims to procure solutions for the challenges below by leveraging the capabilities of small and medium-sized enterprises (SMEs) in NSW.
waste recovery and management
urban heat island
school zones alerting system
vital sign monitoring
cultural and linguistic diversity services
recycled content verification
The program will be conducted in three phases. The first phase, Feasibility Study, will require SMEs to submit proposals to address one of the challenges mentioned above. They will be required to establish technical basis and commercial feasibility of their proposed solutions. Successful applicants will be given a grant of up to $100,000 for a project of up to 3 months. These applicants can then apply for Phase 2, which is Proof of Concept. They will be given funding of up to $1 million worth to finance a more in-depth demonstration of their solution for up to 15 months. The last phase, Procurement, is where successful participants will work with the NSW government to implement the solutions. Grant amounts will be up to 100% of eligible project expenditure and will depend on the project budget presented in the application.
To be an eligible applicant, interested companies must:
have an Australian Business Number (ABN)
either be based in NSW or carry out most of its R&D and production operations in NSW
hold the intellectual property (IP) and commercialisation rights for the proposed solution.
attempt to carry out program-related R&D activities in NSW if successful
The applicants must be one of the following entities:
a small or medium-sized business with less than 200 full-time equivalent (FTE) employees
an individual or partnership, given that the applicant will form a company within Australia to enter into a grant agreement
an NSW public research organisation submitting the application through its appropriate technology transfer office, provided that the applicant will create a company within Australia to enter into a grant agreement.
To enter Phase 1: Feasibility Study, companies must submit:
profit-and-loss statements from the last two years
balance sheets from the last two years
The closing date for Phase 1 of this program is on 28 February 2023 at 9:59 AEST.
Unlike the R&D Tax Incentive, the grant is competition-based. For Phase 1, the applications will be assessed against three criteria: Solution (30 points), Commercial (30 points), and Delivery (30 points).
If you need help, we at Innercode can assist you with your application to better highlight how your project meets the criteria to increase your chances of getting this grant. The first consultation is free.