Deadline: 2-Feb-23
Applications for the NSW Quantum Computing Commercialisation Fund (QCCF) are now open.
NSW Government has strategically invested in a number of initiatives to support the formation of a global quantum ecosystem in NSW, showing thought leadership for the sector including investment in research, infrastructure and skills development. NSW possesses the full complement of quantum computing capabilities, from theory and software to hardware, and is home to one of the largest cohorts of quantum talent internationally.
Purpose
- The objective of the QCCF is to progress quantum computing hardware and/or software towards commercialisation within NSW.
- The QCCF targets innovative quantum computing hardware and/or software within Technology Readiness Level (TRL) 3 – 7 and aims to help companies move along the TRL scale, increase the technical maturity of their technology and enable them to attract large-scale private investment.
Funding Information
Grants provided for projects would be:
- a minimum of $200,000
- a maximum of $4,000,000
- paid over a maximum of 36 months.
Funding can be used for
- prototyping and piloting studies
- manufacturing and/or scaling
- 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 and/or infrastructure necessary to progress the project
- intellectual property protection or advice
Eligible Projects
The project must:
- have a maximum project period of three years (unless there are exceptional circumstances). Projects will require clear and achievable milestones (e.g., moving from TRL 3 to TRL 4) to support appropriate staging and monitoring.
- seek to progress an innovation along the commercialisation pathway.
- have an existing prototype/proof-of-concept.
- be TRL 3-7 on the TRL Scale.
- demonstrate why sufficient funding for the entire project cannot be accessed from alternative sources and that the project would not proceed at the proposed scale in NSW without government support.
Eligibility Criteria
-
To be eligible for the QCCF, applicants must be based and headquartered in NSW1 and be one of the following:
- a company incorporated under the Corporations Act 2001 (Cth) (including a company limited by guarantee) that has an Australian Business Number (ABN);
- 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 DEIT can enter into a legally binding Deed of Agreement; or
- a NSW public research organisation applying through its appropriate technology transfer office or the Chief Executive Officer (or equivalent) of the research 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 innovative quantum computing hardware and/or software.
- Joint applications between a business entity and research-based organisations (including universities) are encouraged.
Ineligible
Ineligible applicants include:
- Australian or NSW Government agencies, local government, State Owned Corporations or statutory authorities, Australian subsidiaries of international companies
- businesses that are insolvent
- an individual, unincorporated association or partnership that will not form a company under the Corporations Act 2001 (Cth).
For more information, visit NSW Government.
