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The R&D Fund supports small and medium enterprises (SMEs) and scaleups to commercialise products that address the health, social or economic impacts of the COVID-19 pandemic.

The R&D investment fund is a $6 million single-round competitive scheme administered by Investment NSW for SMEs. Available funding is in the range of $250,000 to $1 million, depending on the product's stage of development and is targeted at products within a technology readiness level (TRL) 4-9 that address the health, social or economic impacts of COVID-19.

Funding can be used for purposes including:

  • manufacturing
  • conducting market and product assessments
  • salaries and access to external expertise that is directly related to delivery of the project
  • commercialisation strategies and commercial feasibility studies
  • specialist equipment or infrastructure necessary to progress the project.

To learn more and for full eligibility criteria, visit R&D Fund.

Other opportunities like this

  • Designed for pre-revenue technology start-ups to help them engage with a potential business customer, or channel to market, to achieve market validation and first sale.

  • The Business Innovation Program helps Northern Territory businesses develop and commercialise innovation concepts.


SME Turnover



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