R&D Fund

The R&D Fund supports small and medium enterprises (SMEs) and scaleups to commercialise products that address the health, social or economic impacts of the COVID-19 pandemic.

The objective of the R&D Fund is to stimulate the development and commercialisation of innovative products that benefit the people of NSW, with possible nationwide and global impact.

The R&D Fund targets products within Technology Readiness Level (TRL) 4-9 to help them move along the TRL scale, enable them to attract large-scale private investment, or expand into global markets.

Who is this for 

Small and medium-sized enterprises and scaleups

What are the funding opportunities

It is a $6 million single-round competitive scheme administered by Investment NSW.

The funding awarded to each successful applicant will be merit-based and will depend on the overall quality and quantity of applications received.

Funding will be in the range of $250,000 to $1 million, depending on the product’s stage of development.

Funding can be used for purposes including:

  • Manufacturing
  • Conducting market and product assessments
  • Salaries and access to external expertise that is directly related to delivery of the project
  • Commercialisation strategies and commercial feasibility studies
  • Specialist equipment or infrastructure necessary to progress the project.


Questions and further information

Read the Guidelines for R&D Fund 

You can also contact Investment NSW Concierge at investment.nsw.gov.au/contact-us or call 02 4908 4800