Eligibility criteria

To be eligible, businesses must have:

  • an ABN registered in NSW and be based in NSW,
  • fewer than 200 employees,
  • been trading for at least 12 months,
  • at least $75,000 in sales revenue or operating expenditure within the last 12 months or previous financial year,
  • a product or service (which may still be in development) that it intends to market within 12 months that directly addresses the theme for Innovation Districts Challenge Three (entrepreneurship).
  • ownership that is at least 75 per cent Australian and is not more than 50 per cent owned by another business.

To demonstrate eligibility, businesses 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 their primary innovation district partner.


The following will not be considered eligible for funding:

  • solutions that do not directly respond to the challenge statement for R&D solutions that strengthen the entrepreneurship capability of the State for a post-COVID-19 economy.
  • solutions designed to improve internal business processes,
  • a Commonwealth, state or local government agency or body including government business enterprises.