A NSW Government website

Commercialisation Pathways Program

NSW Biosciences Fund

Preliminary applications for the Biosciences Fund Round 1 are now open.

The Biosciences Fund (BioSF) is a $40 million (providing up to $10 million each year) competitive technology development and commercialisation grant program, which sits under the Commercialisation Pathways Program. It is modelled on and will complement the Physical Sciences Fund (PSF).

The Commercialisation Pathways Program is funded under the Future Economy Fund announced in the 2022/23 NSW State Budget to support innovation and business development in emerging, high-value sectors where NSW has a competitive advantage.

BioSF Round 1 provides grants valued between $200,000 and $2 million to companies with innovative technologies, devices and systems in areas including biotechnology and life sciences, biomanufacturing, synthetic biology and agri-food.

Projects must align with:

  • one of the technology applications identified in the NSW 20-Year R&D Roadmap:
    • Genetic Engineering
    • Synthetic Biology
    • Personalised Medicine
    • Cell-based meats
    • AgTech
    • Sustainable Fuels
    • Power to X
    • Renewable generation
    • Environmental monitoring and management
    • Robotics
    • AI
    • Pharmaceuticals and nutraceuticals
    • Circular Economy
    • Novel Fertilisers
    • Vaccines

The BioSF is targeted towards biosciences and does not cover all themes, industries and technologies listed in the 20-Year R&D Roadmap and NSW Industry Development Framework. Other technologies in the physical sciences domain, including quantum, space, energy, communications and robotics will be supported through the PSF. Medical devices are funded under the Medical Devices Fund (MDF).

The BioSF targets innovative devices/systems within Technology Readiness Level (TRL) 3 – 7 to help companies move their product along the TRL scale, commercialise their idea and enable them to attract large-scale private investment.


Application Form

Important Dates

18 January 2023

Round opens

5pm Monday 20 March 2023

Round closes

April - June 2023

Shortlisting of applicants

July 2023

Invitations for full applications

September 2023

Final interviews

October/November 2023

Announcement of funding recipients

Frequently Asked Questions