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Southern Cross University’s Innovation Districts R&D Challenge #1

Health and wellbeing solutions that reduce the impact of COVID-19.
Receive a $250,000 grant to take your product or solution to the next level.

Deadline for submissions: 5pm Monday 2 November 2020.

Applications are now closed

Please contact us for any further enqiries.

FAQs

What is the Innovation Districts R&D Challenge?

The purpose of the Innovation Districts C19 R&D Challenges is to accelerate the commercialisation of research products that address the impacts of COVID-19 by businesses in partnership with universities and CSIRO ecosystem networks in New South Wales. 
The Innovation Districts Challenges (IDC) is the first of three projects under the new NSW Government COVID-19 R&D Commercialisation Fund, complementing C19 Edition TechVouchers and the C19 R&D Product Fund. 

What is the First Challenge?

The first challenge theme will focus on the NSW response phase: Health and wellbeing solutions that reduce the impact of COVID-19. 

When will the first challenge take place?

The challenge will launch in October 2020. 

Is my business eligible?

NSW businesses that are seeking to accelerate products to market that address COVID-19 are eligible to apply for challenge funds providing that the business: 

  • has an ABN registered in NSW and is based in NSW 
  • has fewer than 200 employees 
  • has been in operation for at least 12 months, based on date of ABN registration  
  • has at least $75,000 in sales revenue within the last 12 months 
  • has a product or service that directly addresses the impact of COVID-19 ready for market within 12 months 
  • is at least 75 per cent Australian-owned, and not more than 50 per cent owned by another business. 

Eligible 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 CV or LinkedIn accounts
  • nomination of their primary innovation district partner.

Download the Innovation Districts COVID-19 R&D Challenges flyer

Exclusions 

The following will not be considered eligible for funding:  

  • solutions that do not directly respond to the health and wellbeing impacts of COVID-19 
  • solutions designed to improve internal business processes 
  • a Commonwealth, state or local government agency or body including government business enterprises.

If selected I can go into a competitive pool for?

A grant of $250,000 for the first placed submission; $100,000 for second place, and $30,000 for third place. Grant funding of $10,000 will also be awarded to the highest ranked in each of the twelve innovation districts.  

What’s the process between submitting an EOI and developing my pitch?

Southern Cross University will assess your submission against the criteria. If suitable, you will be informed of your successful application to the next phase of the process. If you are not successful in this round, Southern Cross University may assess your businesses suitability for other accelerator or mentorship opportunities.

If you’re EOI submission has moved to the next phase, Southern Cross University, in partnership with Sourdough Business Pathways, will facilitate a short series of mentoring workshops that will assist in developing your businesses pitch and submission to NSW Treasury. Southern Cross University may also align your business/solution with a key thought leader, whom will be able to assist you in developing complementary evidence in your pitch and submission. This process will culminate in a brief pitch session with the Southern Cross University panel. Each of these pitches will be ranked with the top three submissions being recommended to NSW Treasury. The top ranked submission will receive a $10,000 grant as being the local innovation district winner. If you are not successful in this round, Southern Cross University will assess your businesses suitability for other accelerator or mentorship opportunities.

Once the top three solutions are submitted to treasury, they will judge the solution/product against the criteria and select the first, second and third placed submissions, informing the innovation districts of the results of the first challenge, approximately two weeks* after pitch submission. If you are not successful in this round, Southern Cross University will assess your businesses suitability for other accelerator or mentorship opportunities.

Once the top three solutions are submitted to treasury, they will judge the solution/product against the criteria and select the first, second and third placed submissions, informing the innovation districts of the results of the first challenge, approximately two weeks* after pitch submission. If you are not successful in this round, Southern Cross University will assess your businesses suitability for other accelerator or mentorship opportunities.

For more information contact:

Michael Sydes

Senior Manager (Engagement)
The Office of Engagement

enterpriselab@scu.edu.au

Proudly funded by the NSW Government

NSW Government logo

Our challenge partner

Sourdough logo 


Download the FAQ's

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Innovation Districts R&D Challenge FAQ

 

Districts R&D Challenge #1