Eligibility

Eligibility criteria for Challenge 1

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 health and wellbeing impact of COVID-19,
  • 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 health and wellbeing 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