The NSW research community is home to a vast array of highly skilled people and cutting edge technology. Together these offer wide research capabilities and large capacity to deliver commercially focussed projects.
TechVouchers has been established to drive opportunities for research collaboration between NSW small-to-medium enterprises (SMEs) and Boosting Business Innovation Program (BBIP) delivery partners. The program seeks to promote and demonstrate the opportunities available from collaborating with, or using the services of BBIP delivery partners.
TechVouchers benefits both industry and the research sector by assisting SMEs with funding to help them engage with the BBIP delivery partners and their research facilities as well as providing opportunities for the BBIP partners to engage in commercially focussed projects.
Through TechVouchers, you can be connected with an expert in a relevant field of research and embark on a joint research project. The program also enables access to high tech instruments and facilities that would otherwise be difficult to access.
TechVouchers is now open and priority will be given to:
- companies which have not engaged with universities or other public sector research organisations in the past;
- companies which have not been working with research organisations for more than two years;
- companies with an existing relationships with a research organisation who can demonstrate that the allocation of a TechVoucher will drive transformative improvement in the existing collaboration.
What can I use a TechVoucher for?
You can use a TechVoucher to:
- seed a research project in partnership with a BBIP delivery partner;
- support a research project that will lead to an application for an Entrepreneurs' Infrastructure Programme Research Connections or Accelerating Commercialisation, or other similar schemes;
- fund access to research facilities and equipment such as electron microscopes, medical imaging, e-research supercomputers, nanofabrication, marine and climate infrastructure and other BBIP delivery partner facilities;
- fund product or process design activities (e.g. use engineering or technical design expertise to determine prototype structure, function and/or materials);
- technical assistance;
- trial production runs or processes to demonstrate technical concepts;
- validation or demonstration of technical capabilities of a product, process or technology;
- fund toxicology studies on materials you have invented, or wish to incorporate into a new product.
TechVouchers will be awarded on a competitive basis to eligible NSW companies for amounts up to $15,000:
- the voucher amount must be matched by the applicant in cash
- the voucher will be valid for use at any BBIP delivery partner
- the voucher will be valid for a period of 6 months from date of issue
- the voucher will not cover work already undertaken
In order to be eligible, companies must:
- be incorporated in NSW
- have fewer than 200 employees
- turnover less than AUD$30 million per annum
- have been in operation for at least one year
- be able to demonstrate the ability to match the applicable voucher amount in cash
- conduct the majority of the proposed activities in NSW, in partnership with a BBIP delivery partner
How to apply
Please submit an application form
TechVouchers is administered by NSW Department of Industry, the NSW Government's economic development agency.
The funding process
- The SME submits application to TechVouchers, or through a BBIP delivery partner
- If no BBIP delivery partner is identified, a scope of work may be requested for distribution to our research co-ordination contacts from one of the delivery partners
- Application is competitively assessed by the department in consultation with the BBIP delivery partner
- The SME submits the last two years Profit and Loss Statements of their company. If Profit and Loss statements demonstrate a loss, other evidence of available capital to cover the research costs must be produced. SME also submits quote from the chosen BBIP delivery partner
- The project proposal is reviewed by the department
- Approval is given to the BBIP delivery partner from the department
- Agreement between the SME and the BBIP delivery partner is drawn up and signed
- BBIP delivery partner will commence project according to agreement
- The SME and the delivery partner submit completion surveys
- The SME submits proof of payment for the project
- Match funding will be drawn by the delivery partner
- Project is complete