How NSW TechVouchers can help your business innovate
With a TechVoucher, you can unlock up to $50,000 in match funding from the NSW Government to engage with approved research delivery partners (mainly Universities) to validate your business products / services or to solve a business problem you are facing.
Eligible TechVoucher businesses
To be eligible for the TechVouchers Program, your business must:
- Have an ABN registered in NSW and be based in NSW.
- Employ fewer than 200 people.
- Not be a subsidiary of a revenue-generating business locally or overseas.
- Have no financial ties with the proposed research partner
- Possess the rights to commercialise their products or services.
- Provide matched funding (cash only; in-kind contributions are not accepted)
- work in industry sectors or technologies identified in the NSW Industry Development Framework. They are: Clean energy and waste; Medical and life sciences; Digital systems and software; Defence and aerospace; International education; Visitor economy; Agriculture and agrifood; Resources; Digital technologies; Advanced manufacturing; Biotechnology
How does it work
The key here is that you need to approach the approved research delivery partners and jointly apply for the funding. Note each approved research delivery partner has a set budget they can use (around $510,000, so you may need to approach several such partners till you find someone who has both the necessary skills and funding left in their program. As of 17 April 2025 I know that Western Sydney University still has available funds
Eligible TechVoucher projects
TechVouchers can be used to fund:
- Access to research facilities and equipment (e.g., electron microscopes, medical imaging, supercomputers
- Product or process design activities, including engineering or technical design expertise.
- Validation or demonstration of technical capabilities of a product, process, or technology.
- Clinical trials and in-market validation.
- Enhancement of existing product capabilities or enabling entry to international markets.
Learn More
Note the business must approach the approved research institution to start the process
To learn more about the TechVoucher program, and who the approved research institutions click here
Wayne Wanders is an experienced Business Advisor and Outsourced CFO who can help to scale and grow your business profitably. Wayne may also be able to assist you in preparing any grant application.
Contact Wayne on wayne@arealcfo.com.au or 0412 227 052.
Click on the below buttons to access free Resources developed by Wayne Wanders, A Real CFO to help your business scale and grow profitably
And Wayne is always posting about new grants, funding options and other resources on LinkedIn that can help your business scale and grow profitably. Click on the below links and connect with Wayne or follow A Real CFO on LinkedIn.
Want a confidential discussion on your business situation, help with your grant application or to learn more about my Outsourced CFO Services, simply email me at wayne@aRealCFO.com.au or call me on 0412 227 052
