Seeking R&D solutions that strengthen the entrepreneurship capability of NSW for a post-COVID-19 economy.
Receive up to $250,000 in grant funding to take your product or solution to the next level.
Sourdough Business Pathways is delighted to be the official challenge partner of Southern Cross University for the Innovation Districts R&D Challenge #3: R&D solutions that strengthen the entrepreneurship capability of NSW for a post-COVID-19 economy
Are you ready to take your business or idea to the next level?
Do you fit the bill?
The Covid-19 pandemic has caused unprecedented disruption to ‘life as normal’. Government efforts to limit the spread of the virus has inevitably seen Australia’s economy shift into its first recession in 30 years.
The Innovation District challenge #3 calls for R&D solutions that strengthen the entrepreneurship capability of NSW for a post-COVID-19 economy.
Proposed projects might:
- Be scalable and research-based technology products or services
- Help sectors pivot to high growth technology solutions
- Strengthen Australia’s sovereign capability and local supply chains
- Implement a sustainable and novel solution to an area in need of reform, such as aged care, food security
- Address the workforce gap created by international closures (students, reduced migration)
- Champion Indigenous entrepreneurs.
NSW businesses that are seeking to participate in the 3rd Innovation District’s Challenge must:
- have an ABN registered in NSW and be based in NSW
- have fewer than 200 employees
- have been in operation for at least 12 months, based on date of ABN registration
- at least $75,000 in sales revenue or operating expenditure within the last 12 months or previous financial year
- have a product or service that that build economic resilience for NSW businesses to recover from the impacts of the COVID-19 pandemic ready for market within 12months
- be at least 75 per cent Australian-owned, and 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.
The following will not be considered eligible for funding:
- solutions that do not directly respond to the challenge statement for economic resilience solutions that address the impacts of COVID-19
- solutions designed to improve internal business processes
- a Commonwealth, state or local government agency or body including government business enterprises.
To connect with SCU and Sourdough and hear more about the Challenge, join our upcoming Information Session.
What is the Innovation Districts R&D Challenge?
The purpose of the Innovation Districts C19 R&D Challenges is to accelerate the commercialisation of research products that address the impacts of COVID-19 by businesses in partnership with universities and CSIRO ecosystem networks in New South Wales.
The Innovation Districts Challenges (IDC) is the first of three projects under the new NSW Government COVID-19 R&D Commercialisation Fund, complementing C19 Edition TechVouchers and the C19 R&D Product Fund.
Proudly funded by the NSW Government