Expressions of Interest Close 5pm, Monday 2 November
Health & wellbeing solutions that reduce the impact of COVID-19
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 C19 R&D Challenge #1: Health and wellbeing solutions that reduce the impact of COVID-19.
What is the Innovation Districts R&D Challenge?
The purpose of the Innovation Districts C19 R&D Challenges (IDC) 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 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.
This first Challenge is focused on Health and wellbeing solutions that reduce the impact of COVID-19. If you are a NSW-registered business which has developed a solution that meets this focus, and you meet the other Eligibility Criteria outlined below, please submit an Expression of Interest Form before 5pm, 2 November, 2020 (or as soon as you can ahead of this date).
If your EOI is selected to move to the next phase, you’ll have the opportunity to be mentored by SCU and Sourdough towards supporting you in your continued R&D and commercialisation, and in developing your pitch and submission to NSW Treasury to be considered for the overall grant funding.
To connect with SCU and Sourdough and hear more about the Challenge, join our upcoming Information Session.
The total Grant Funding available for this challenge is:
- $250,000 for the first placed submission across all of NSW / the 12 Innovation Districts;
- $100,000 for second place;
- $30,000 for third place; and,
- $10,000 of grant funding will also be awarded to the highest ranked business in each of the twelve innovation districts.
NSW businesses that are seeking to accelerate products to market that address COVID-19 are eligible to apply for challenge funds providing that the business:
- has an ABN registered in NSW and is based in NSW
- has fewer than 200 employees
- has been in operation for at least 12 months, based on date of ABN registration
- has at least $75,000 in sales revenue within the last 12 months
- has a product or service that directly addresses the impact of COVID-19 ready for market within 12 months
- is 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 health and wellbeing impacts of COVID-19;
- solutions designed to improve internal business processes; and,
- a Commonwealth, state or local government agency or body including government business enterprises.