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Government programs

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Boosting Business Innovation Program (BBIP)enhances collaboration between NSW research organisations and business communities.

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Research and development tax incentive — an Australian government initiative to stimulate Australian industry’s investment in R&D. Tax offsets of 43.5% or 38.5% are available for costs incurred on eligible activities.

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Jobs Action Plan — provides eligible NSW businesses with a payroll tax rebate of $6,000 when they employ new workers in new eligible employment.

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Jobs for NSW — offers business grants, loans, loan guarantees and other services to create jobs in NSW.

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TechVouchers facilitates research collaboration between NSW small-to-medium enterprises and BBIP delivery partners.

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Small Business Grant — provides NSW small businesses with $2,000 per full-time equivalent position as they hire new employees.

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Sydney Startup Hub — a globally-renowned innovation centre created by the NSW government to strengthen Sydney’s startup community, support collaboration, connect entrepreneurs and attract investors.

Industry-specific programs

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NSW Department of Primary Industries (DPI) Global Agri-Tech Ecosystem will provide access to DPI expertise and networks as the largest agricultural research and development provider in Australia.

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DPI, University of NSW, Cisco, Data 61 and NSW Farmers have collaborated to develop Innovation Central Sydney, a connected community focused on cloud, analytics, cybersecurity and Internet of Everything platforms.

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The Australian Government offers industry assistance programs to advanced manufacturing businesses including an A$4 million Advanced Manufacturing Growth Centre to support small-scale and pilot research projects.

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Defence NSW is a dedicated team within the NSW Department of Industry that identifies and drives opportunities to collaborate, partner and support the growth of the NSW defence sector.

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NSW Medical Devices Fund is an A$8.2 million per annum, competitive technology and commercialisation program funded by the NSW Government, through the NSW Ministry of Health.

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NSW Medical Device Commercialisation Training Program is a career development opportunity that focuses on medical device development and commercialisation.

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The Medical Technology Knowledge Hub is a collaborative network between academia, industry and government to improve the business environment for the industry.

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The NSW Government invested A$12 million in creating the NSW Health Statewide Biobank to support world-class health and medical research across the state.

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The Dementia and Aged Care Services research and innovation fund provides grants for research into six key opportunity areas. Research areas include developments that support innovation in aged care, and seed funding for adaptive technology projects to enable people to stay in their own home.

Innovation

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The Research and Development (R&D) Tax Incentive offers 43.5% or 38.5% refundable tax offsets for eligible company R&D activities.

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The Boosting Business Innovation Program (BBIP) enhances collaboration between NSW research organisations and business communities.

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The TechVouchers program facilitates research collaboration between NSW small-to-medium enterprises (SMEs) and BBIP delivery partners.

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Cooperative Research Centres promote research partnerships between industry and research organisations on industry-identified problems.

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Industry Growth Centres drive innovation, productivity and competitiveness across multiple sectors.

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The New South Wales Department of Industry has R&D initiatives in energy, life sciences, photonics, primary industries and robotics sectors.