Applications for Phase 1: Feasibility study applications will be evaluated against the following assessment criteria, which are equally weighted:
Solution (30 points)
(a) To what extent would the proposed solution address the challenge statement, including the solution requirements?
(b) Is the proposed solution ready to enter the feasibility study stage?
(c) How is the proposed solution innovative and superior to what is currently on the market?
Commercial (30 points)
(a) Does the application provide a reasonable plan for the next steps towards commercialisation, adoption and scale to service the challenge agency and other potential customers, including identifying potential barriers and how these will be mitigated?
(b) Does the proposed solution have commercial potential outside of the Challenge Agency?
(c) Given its commercial potential, does the proposed solution deserve public investment?
Delivery (30 points)
(a) Does the company and project team have the appropriate skills and experience to carry out the project?
(b) Does the team have access to the equipment, technology, infrastructure and financial resources needed to carry out the project?
(c) Does the application provide a reasonable project plan, including budget, risk management plan and performance measures?
OCSE will review applications against the SBIR program eligibility criteria. Eligible applications will be assessed by both the Challenge Agency and an independent panel of experts with experience in business development, commercialisation, venture capital and entrepreneurship.
Applicants submit the following:
(a) An application, answering all questions
(b) A video presentation no longer than three minutes
(c) Profit-and-loss statements from the last two years
(d) Balance sheets from the last two years
(e) A project budget.
OCSE will confirm that applications meet the eligibility criteria.
Eligible applications will be assessed by both the NSW Government agency that proposed the challenge and an independent panel of experts (Expert Panel) with experience in business development, commercialisation, venture capital and entrepreneurship.
All applications will be assessed against the other applications within their challenge in the first instance, with the assessment panel trying to ensure that all challenges have feasibility studies granted to them. The Expert Panel will decide on the exact mix of feasibility studies across all challenges.
OCSE will notify all applicants of the outcome of the assessment process.
OCSE will execute funding agreements with successful applicants.
Applications must be submitted by 9:59am AEST Thursday 28 February 2022.
All applicants will be informed of the outcome of their application.
Applications close at 11:59pm AEST on Friday 8 April 2022.
Up to 17x $100k feasibility study grants will be delivered in this round. The OCSE will endeavour to ensure that all challenges have at least one feasibility study grants allocated to each challenge.
Following successful completion of the feasibility study grants, those recipients will have the opportunity to apply for a further Proof of Concept Grant of $1m. Further information on that application and assessment process will be added closer to time.
If your business is not headquartered in NSW, you are still eligible to apply for the SBIR program provided that your business conducts the majority of its research and development and production in NSW.
Yes. In fact, joint applications between NSW SMEs and NSW-based research organisations (including universities) are encouraged. As the SME you must lead the project and submit the application.
In your application, you must describe who the project partners are and what each organisation will contribute to the feasibility study.
You are encouraged to work with NSW partners, including other NSW SMEs and research organisations. You may partner with organisations outside NSW. For example, a business or university in another state or overseas. However, if successful, you will need to conduct the SBIR program-related research and development work in NSW. In practice, this means that you would need to self-fund the portion of the project work outside NSW. For example, if 25% of project work will be undertaken by a partner outside NSW, then the applicant should provide matched funding of at least 25% of the total project cost.
The NSW Government will enter into a funding agreement with each successful SME. The funding will take the form of a cash contribution paid in instalments to the lead SME in the application. The funding agreement will lay out the eligible expenditure, which will include direct costs of the project and eligible labour expenditure. The lead SME will be responsible for distributing the funding to any partners or contractors in accordance with the proposal and funding agreement.