Assessment

The Assessment Panel is responsible for assessing applications. The Assessment Panel will comprise of representatives of NSW Government.

Members of the panel will score each application independently using the Assessment Criteria below.

CriteriaWeightingTargeted questions

1

Impact

33%

  • What is the problem being addressed?
  • What is the solution and how is it unique and innovative?
  • Who is the market user and how large is the opportunity?
  • How are you going to collaborate to accelerate commercialisation?

2

Effectiveness

33%

Track record of business

  • Please provide an example   of how your organization or project team have delivered real world solutions

Feasibility

  • What is the research basis of your product and the evidence that you can provide to show the effectiveness of your product?
  • How close are you to the commercialisation of your product?
  • What if any are the key uncertainties remaining about the effectiveness of your product, and how and when you will resolve these?

Viability

  • How do you propose to reach your users?
  • Who are your closest competitors and how is your product different?

3

Delivery

34%

Resourcing

  • Who are the team members working on this project and what are their capabilities?
  • What are the resources your organisation is making available for this project?
  • What additional resources are you seeking for this project   (aside from this funding application)?
  • How will your product be deployed into the operational   environment rapidly and at scale?

Timing and Staging

  • What capabilities does the business have that enable   implementation of the commercialisation of the product?
  • Outline the milestones and stage-gates that are present in the   project plan

Coordination and Alignment

  • How does this project fit with your organisation’s strategic goals?

The assessment panel will score applications using the guide tabled below, with each criterion being assessed on a scale from 0 to 5. This will result in a score of up to a maximum 15.

Projects require a minimum score of 3 out of 5 from each criteria group, to a total minimum of 9 out of 15, to be offered a TechVoucher.

While the Assessment Panel will make recommendations to Investment NSW, and Investment NSW will be guided by those recommendations, any funding decisions will be made by Investment NSW in its sole discretion and are final.

The Assessment Panel will use the table below to assess the quality and suitability of an application.

ScoreRatingRequirement

5

Excellent

Meets and exceeds all requirements. Solutions proposed are highly innovative and readily deliverable with no discernable risks.

4

Very Good

Fully meets all requirements and exceeds some. Solutions proposed are innovative and deliverable with limited problem solving and risk management.

3

Good

Meets requirements in all areas. Solutions are innovative and deliverable with some problem solving or risk management clearly evident.

2

Satisfactory

Almost meets requirements, Solutions are novel, or may be genuinely innovative, but substantial development or risk areas need to be resolved.

1

Poor

Minimal compliance with the requirements. Solutions lack innovative quality and/or present substantial risk or deliverability challenges.

0

Non-compliant

Does not meet requirements. Solutions presented do not address the selection criteria in an assessable manner.