Up to $10 million to support the growth of the innovation ecosystem, create a culture inducive to commercialisation and drive sustainable economic growth. Applications have closed.
Key information
- Status: Closed
- Grant amount: Up to $10,000,000
- Application opened: 28 March 2022
- Application closed: 16 May 2022
Program objective
The NSW Government’s vision for the Westmead Health and Innovation District is to be Australia’s premier health, research and innovation district.
The district will deliver sustainable economic growth and job creation with a focus on world leading health care, medical research and commercialisation, and education and training.
To help realise this vision, the NSW Government has committed up to $10 million over 4 years to the Westmead Innovation Ecosystem Fund.
The Westmead Innovation Ecosystem Fund will help to commercialise research in fields such as biotechnology, diagnostics and digital health, as well as create knowledge intensive jobs.
This program is administered by Department of Enterprise, Investment and Trade.
Eligibility
To be eligible to apply for the program, you must:
- be registered with an Australian Business Number (ABN)
- be registered for the purposes of GST
- have an account with an Australian financial institution
- be 1 of the following entity types:
- company incorporated under the Corporations Act (including a company limited by guarantee)
- not-for-profit organisation
- government corporate entity.
You must also be able to:
- demonstrate the management experience, skills and capacity to deliver the proposed services or project
- be financially viable and able to demonstrate that you are likely to remain so over the duration of the project.
Most recent recipients
What your application needs to include
For full details, download the program guidelines (PDF 4.09MB).
Preliminary application
To assess your preliminary application, we require you to provide the following documents with your application:
- maximum 6-page pitch deck or proposal
- evidence of financial viability such as financial statements for the last 3 consecutive years or evidence of financial viability if statements are not available
- evidence of management experience, skills, and capacity to deliver the proposed services or project
- evidence of support from your CEO or equivalent.
If your preliminary application is successful, you will be invited to submit a detailed application.
Detailed application
If you are invited to submit a detailed application, we will require you to provide the following documents with your application:
- a business plan including your proposal (maximum 30 pages)
- a 4-year budget forecast
- a risk management plan
- evidence of last 3 years’ annual reports, if available
- any other attachments that will substantiate your submission (such as past program reports, KPI management methodology and past performance references).
Addressing the assessment criteria
General criteria
To allow us to assess your application against program objectives, you must address the following 3 criteria.
Specific criteria
If you are invited to submit a detailed application, you must address the specific criteria below as well as the general criteria outlined above.
Support and contact
If you have any questions regarding this program, contact the grants and funding team at Investment NSW through our webform.