Eco Innovator March 2012

Government Grants

$500,000 in R&D Vouchers

Small and medium NSW businesses have been encouraged to apply for up to $15,000 worth of access to research equipment and technical expertise to help them become more innovative and competitive.

Deputy premier and minister for Trade and Investment, Andrew Stoner, said a pool of $500,000 is available under the second round of the NSW Government's TechVouchers program.

"The TechVouchers pilot program develops commercialization pathways by establishing connections between industry and research organizations," he said. "The vouchers worth up to $15,000 help businesses get better access to cutting-edge research to develop and improve their products, services and practices.

"The NSW Government is committed to increasing investment and growth opportunities for NSW businesses by fostering and supporting innovation. Businesses from a range of industries are eligible to apply."

Businesses need to propose a project that will significantly benefit from a partnership with a research organization – whether for further research, clinical trials or access to scientific equipment to support product development.

"I encourage businesses across NSW to consider how their products and services might be improved through partnering with a research organisation. We are particularly keen to see applications from businesses that have not previously worked with universities or researchers, and businesses located in regional NSW," said Mr Stoner.





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