Business innovation funding

Does your business have a problem UOW research could help solve?

Are you a business with a NSW ABN, with under 200 staff and earning less than $10 million per year?

If your business fits this criteria, you are eligible to apply for TechVoucher funding. 

TechVouchers are a co-contribution model, so your dollars are matched up to $50,000. Using the funding, you work with world-class researchers to solve your business problems. TechVouchers are a great first step to build a research partnership to innovate and grow your business.

They are funded under the Boosting Business Innovative Program (BBIP) and offer a way to leverage your funds to undertake an innovative project with UOW providing cutting edge research expertise and facilities.

Contact us with your business challenges and let’s innovate together. 

TechVoucher projects must include a Project Lead from a Delivery Partner (UOW) and an eligible SME.

Eligible SMEs must:

  • Have an ABN registered in NSW and be based in NSW.
  • Employ fewer than 200 employees at the time of application.
  • Not be a subsidiary of a revenue-generating business locally or overseas.
  • Not be owned, employ, or have any financial ties of any kind with any of the proposed researchers for the project.
  • Hold the rights to commercialise their products or services.
  • Have secure adequate matched funding (no in-kind) for the project.
  • Not be receiving or has not received any other grant or subsidiary for substantially the same project from a State Government or Commonwealth agency or department
  • Work in industry sectors or technologies identified in the NSW Industry Development Framework.

TechVoucher projects will undergo an internal assessment process prior to being submitted for funding. Projects must:

  • Be Ready: start within 3 months of submission to Investment NSW.
  • Be 12 months maximum in projected duration.
  • Demonstrate active collaboration between the SME and Delivery Partner. For example, contract research, collaborative research, use of research equipment, facilities, and co-location, or faculty secondment of a researcher to the SME for a set amount of time.
  • Have defined commercialisation outcome. For example, development of an innovative product or service with demonstrated TRL progression, solving a technical problem leading to TRL progression, improving business internal R&D, improving the business model or commercial processes, improving understanding of complex markets and strategic fit.

The UOW TechVoucher process is led by iAccelerate in collaboration with UOW Teams ICRU, FROU, CCU and ACD.

 

TechVoucher Success Stories

UOW has collaborated with local businesses on many TechVoucher projects. These stories show how UOW researchers are helping local businesses create innovative solutions.

Watch TechVoucer success stories videos

Supporting innovative partnerships

iAccelerate
The Innovation and Commercial Research Unit

The Faculty Research Operations Unit will support the internal UOW approvals process. Direct any queries regarding internal UOW approvals and costing support to
research-operations@uow.edu.au.

The Commercial Contracts Unit will provide support to finalise commercial research agreements for approved projects.

The Advancement and Communications Division will assist in the promotion of TechVouchers, and their project outcomes.