Successful applicants will be notified in writing by email and/or letter. Applicants may be required to keep the grant confidential for a period of time if an official announcement is planned by the NSW Government.
Successful applicants will be required to enter a grant agreement with Investment NSW, which will include a requirement that the applicant has and can provide a copy of all relevant insurances, such as public liability insurance or other insurance depending on the application.
As part of their obligations under the grant agreement, successful applicants will be required to submit reports at six month and 12-month intervals, which will include progress against the commercialisation plan and the intended use of funds, following receipt of the funding to Investment NSW as outlined in the grant agreement.
Grants will be paid in a single upfront payment to the business.
Applicants should note:
- the NSW Government may choose to publicly announce grant funding for individual applications including the organisation, project title and/or short summary, and amount funded
- certain applicants may be used to showcase NSW’s innovation and R&D capability and provide case studies and success stories
- requests for variations or changes to the project will only be considered in limited circumstances
- successful applicants will be required to participate in a program evaluation after the project has concluded to determine the extent to which their projects have contributed to the objectives of the program. The evaluation will require applicants to provide evidence of how projects have resulted in measurable benefits that are consistent with the objectives of the program
Unsuccessful applicants will be notified in writing of the outcome of each application.