TechVoucher Program R&D Funding for small business

If a NSW SME wants to speed up its R&D projects and work collaboratively with the research teams of selected universities and research institutions, then the TechVoucher program under the NSW Boosting Business Innovation Program can help offset the lower of 50% or $50,000 of the costs charged by the approved research team.

Eligible TechVoucher businesses

To be eligible for the TechVouchers, businesses must:

• have an ABN registered in NSW and be based in NSW
• employ fewer than 200 employees
• not be owned, employ, or have any financial ties of any kind with any of the proposed researchers for the project
• the rights to commercialise their products or services and/or do not infringe on existing protected IP
• is not, and will not be receiving any other grant or subsidy for the same project from a State Government or Commonwealth agency or department
• work in the following industry sectors or technologies: 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

Eligible TechVoucher projects

To be eligible for TechVouchers funding, projects must:

• start within 3 and finish within 12 months once started
• incur active collaboration between an eligible business and one of the selected universities delivering TechVouchers
• have a defined commercialisation outcome.

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.

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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