NSW Physical Sciences Fund – Australia

Program Objectives

• The objectives of the PSF are:
  • improve commercialisation opportunities for NSW-based start-ups and businesses
  • provide financial support to progress the development of new and innovative devices and systems across the branches of the physical sciences and engineering, including physics, chemistry, astronomy and the earth sciences.
  • to realise benefits from innovation in NSW
• The intended outcomes of the PSF are:
  • help promising start-ups develop their technologies, to the point they attract future funding and investment
  • support the growth of innovative global companies headquartered in NSW.
  • deliver social, economic, and/or environmental benefits in NSW.
• This program is administered by Office of the Chief Scientist and Engineer. This program is funded by Department of Enterprise, Investment and Trade.

Who can apply?

• To be eligible for the Program applicants must:
  • have an Australian Business Number (ABN)
  • be registered for the purposes of GST
  • be headquartered in NSW
  • be one of the following:
    • a company incorporated under the Corporations Act 2001 (Cth) (including a company limited by guarantee)
    • an Aboriginal and/or Torres Strait Islander Corporation registered under the Corporations (Aboriginal and /or Torres Strait Islander) Act 2006 (Cth).
    • an individual or partnership who agrees to form a company under the Corporations Act 2001 (Cth) so that NSW DEIT can enter into a legally binding Deed of Agreement; or
    • a NSW public research organisation or not-for-profit organisation applying through its appropriate technology transfer office or the Chief Executive Officer (or equivalent) of the organisation that will become a separate entity before entering into a legally binding Deed of Agreement with DEIT.
• Applicants must hold the Intellectual Property or the rights to commercialise the device/ system/innovation.
• An applicant can only apply for one project per funding round.

Who can’t apply?

You are not eligible to apply for the Program if you are:

• Australian or NSW Government agencies
• not-for-profit organisations (with no plans to spin out)
• local government
• State Owned Corporations or statutory authorities
• Australian subsidiaries of international companies.

For more information, visit Australian Government.