Eligibility

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 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 Two (economic resilience),
• 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.

Exclusions

The following will not be considered eligible for funding:

• solutions that do not directly respond to the challenge statement for economic resilience solutions that address the impact of COVID-19,
• solutions designed to improve internal business processes,
• a Commonwealth, state or local government agency or body including government business enterprises.