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NSW Treasury

COVID-19 TechVoucher

This is a preview of the 1. C19 TechVouchers Application Form form. When you’re ready to apply, click Fill Out Now to begin.
 

COVID-19 R&D Fund TechVouchers Summary Critera

Investment NSW is supporting technology-rich startups, scaleups or small to medium enterprises (SMEs) to collaborate with Publicly-Funded Research Organisations (PFROs) to conduct R&D projects that accelerate the commercialisation of products and services that address the impact of COVID-19.

There are two funding streams available: 

TechVoucher Streams 

Total Project Budget 

Intended Project duration 

NSW Govt contribution (TechVoucher) 

Stream 1: 
Smaller R&D projects 

$30,000 to $50,000 

up to 6 months 

 Maximum $25,000 
(remainder matched by the business) 

Stream 2: 
Larger R&D projects 

$50,001 to $100,000 or more 

up to12 months 

 Maximum $50,000 
(remainder matched by the business) 

 

The TechVoucher is the NSW Government contribution of up to 50 per cent of the cost of the R&D project. The business co-contribution is a minimum 50 per cent of the project budget.

A TechVoucher will fund up to 50 per cent of all invoices issued by a PFRO partner to the maximum value of the voucher for each Stream. The aim is to reduce the cashflow burden of the R&D project on the business.

 

Eligibility Criteria for TechVouchers

To be eligible, a business must:  

  • have an ABN registered in NSW and be based in NSW
  • have fewer than 200 employees
  • have operated for at least 12 months, based on date of ABN registration
  • have at least $150,000 in sales revenue or expenditure within the last 12 months or previous financial year
  • have ownership that is at least 75% Australian and is not more than 50% owned by another business  
  • propose a technology-based product or service that addresses the impacts of COVID-19
  • demonstrate capability and capacity to complete the TechVoucher project within 6 months (Stream 1) or 12 months (Stream 2) 
  • be engaged with an eligible PFRO for R&D collaboration and have obtained a quote from the PFRO for the R&D project
  • provide evidence of your ability to co-invest at least 50% of eligible project budget
  • confirmation that the business holds the rights to commercialise the intellectual property arising from the project.

To demonstrate eligibility, a business must also provide: 

  • an operating profit and loss statement for the last 12 months or previous financial year
  • brief profiles of key personnel such as a CV or LinkedIn accounts  
  • nomination of the PFRO which the business intends to enter an agreement for the provision of R&D services

Ineligible business structures are: 

  • an individual 
  • a partnership 
  • an unincorporated association
  • a trust  
  • a Commonwealth, State, Territory or local government body (including government business enterprises). 

Note: if the business does not have a committed PFRO, it can contact the Global NSW Concierge service for suggestions of PFROs with relevant expertise and contact points prior to submitting this application form.

Please refer to the COVID-19 TechVoucher Guidelines for complete criteria, requirements and exclusions, including information on eligible PFROs.