Frequently Asked Questions

What does this cost?

There is no cost (fee) in submitting an application.

How much time is involved in the application process?

The time involved will vary between applicants and the proposed projects. Applications involve a two-stage process: the first stage involves submitting a Preliminary Application that is screened for eligibility and suitability of the proposal; if successful, you may be invited to submit a Full Application – a more detailed document that covers all aspects of the proposal including a budget, commercialisation plan, declaration of conflicts of interest, and description of any ethical or regulatory requirements to deliver the product to a marketable state in NSW. Applicants may be required to present the proposal, be interviewed or submit a short video.

For full details, please refer to the Guidelines.

Will my information be kept confidential?

The NSW Government may choose to publicly announce grant funding for individual applications including the organisation, project title or short summary, and amount funded. In addition, applicants should be aware that information submitted in applications and all related correspondence, attachments and other documents may be accessed under the Government Information (Public Access) Act 2009 (NSW). Information that is deemed to be commercially sensitive will be withheld.

If I am successful in receiving a grant, what are the obligations? Are there milestones? 

Successful applicants will be required to enter a Funding Agreement with Investment NSW. The funding will be distributed in instalments to each successful applicant based on the completion of particular milestones specified in the agreement.

Successful applicants will be required to submit reports in line with the funding agreement. There may be specific time commitments which are critical to the funding deed continuing.

For full details, please refer to the Guidelines.

If I am unsuccessful, will I be eligible to enter future rounds in this fund?

This is a single round fund.