NSW Quantum Computing Commercialisation Fund

If your business is working on progressing quantum computing hardware and/or software towards commercialisation within NSW, then the Quantum Computing Commercialisation Fund may be able to help fund this.

The Quantum Computing Commercialisation Fund provides between $200,000 to $4 million in funding. And it does not need to be matched funding.

It is important to understand that if the organisation achieves a specified level of economic success, you will need to repay the funds advanced. And you won’t know the terms of this repayment until you are in the negotiations for the grant if you are a successful applicant. If you don’t reach that level of economic success then the funds are not repayable. In other terms, if you are successful, the Quantum Computing Commercialisation Fund is an interest free loan. If you are unsuccessful, it is a grant.

Also this is a competitive grant with various assessment criteria around innovation, commercialisation and deliverability.

Who Can Apply?

Eligible applicants must:

Be based and headquartered in NSW.
Hold the Intellectual Property or the rights to commercialise the innovative quantum computing hardware and/or software.

Sole Traders and partnerships are not eligible unless they agree to set a company up.

Eligible Projects

Eligible projects must:

Have a maximum project period of three years with clear and achievable milestones
Seek to progress an innovation along the commercialisation pathway.
Have an existing prototype/proof-of-concept.
Be Technology Readiness Levels (TRL) 3-7 on the TRL Scale. (See fund guidelines for what this means).
Demonstrate why sufficient funding for the entire project cannot be accessed from alternative sources and that the project would not proceed at the proposed scale in NSW without government support.

What are the Eligible activities

Eligible activities include:

Prototyping and piloting studies
Manufacturing and/or scaling
Conducting market and product assessments
Salaries and access to external expertise that is directly related to delivery of the project
Commercialisation strategies and commercial feasibility studies
Specialist equipment and/or infrastructure necessary to progress the project

Learn More

To learn more and apply click here

Note applications close 10am (AEDT) 2 February 2023

Wayne Wanders is an experienced Business Advisor skilled in analysing business financial performance and cash flow. Wayne may also be able to assist you in preparing your grant application. Contact Wayne below for a free no obligation session.

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