New program launched - Innovate NSW

5 April 2013

The NSW Government has officially launched an initiative to support greater collaboration between industry, research partners and government.

Applications for funding are now open under Innovate NSW to open up new high growth business and export opportunities for NSW and Australia.

The program, supported by $6.7 million in funding over four years, will help develop new industry and research strengths in areas such as e-health, energy technology and services, online and interactive education, advanced manufacturing, and transport, infrastructure and logistics.

Targeted assistance is available to innovative small and medium enterprises (SMEs) with high growth potential to collaborate with industry and research partners and major corporations and end-users to develop leading edge products and services.

The initiative focuses particularly on supporting innovative solutions which use enabling technologies – including mobile, cloud, analytics, sensors, advanced materials and biosciences.

Deputy Premier and Minister for Trade & Investment Andrew Stoner, who officially launched the program before industry leaders in Sydney on April 5, said the new program would cement the State's global reputation as Australia's innovation powerhouse.

"The NSW Government, NSW companies and researchers are working together to lead the way in identifying barriers to innovative growth, to generate new solutions, improve productivity and create new opportunities for NSW and Australian enterprises to compete in global markets," Mr Stoner said.

For further information visit Innovate NSW.