Newcastle Innovation (NI) is the industry engagement and commercialisation/technology transfer arm of the University of Newcastle.
Since its creation in 1969, Newcastle Innovation has facilitated the transfer of knowledge, technology and scientific research from the University to commercial partners.
This is achieved by linking the University's specialist research to industry and securing investment to commercialise innovative technology developed within the institution.
NI provides an efficient and effective commercial interface that focuses on:
- Identification, protection and commercialisation of novel technologies developed by the University's researchers;
- Delivery of specialist research contract and research services to industry and government;
- Access to the expert knowledge base that exists within the University of Newcastle; and
- Promotion of the University of Newcastle's world-class scientific research and commercialisation activities to potential research sponsors and collaborators, licensees or investors.
Newcastle Innovation provides the interface between this diverse portfolio of capabilities with industry, government and the community with the aim of solving problems.
Australian Government R&D Programmes
Engagement with partners and productive collaborations are essential if world-class research is to translate into outcomes that will change the lives of individuals, the productivity of industry, or the economic health and sustainability of nations.
Newcastle Innovation can assist businesses access a range of schemes that provide support for small and medium sized businesses to improve competitiveness and enhance innovation.
R&D Tax Incentive
Newcastle Innovation is a Registered Research Service Provider under the Australian Government’s R&D Tax Incentive Plan, providing generous benefits for eligible research and development activities to local companies.
The R&D Tax Incentive reduces the cost and risk of undertaking R&D activities for business. The scheme helps companies doing eligible work to create new or improved products, processes and services by reducing their tax.
For activities to be eligible under the program they must satisfy the definition of core research and development (R&D) activities. Other activities may be eligible as supporting R&D activities.
Accelerating Commercialisation helps Australian entrepreneurs, inventors, start-ups, commercialisation offices and small and medium businesses address the challenges associated with commercialising novel intellectual property.
It aims to:
- Accelerate the commercialisation of novel intellectual property in the form of new products, processes and services
- Create new businesses based on novel intellectual property with high growth potential; and
- Generate greater commercial and economic returns from both public and private sector research and facilitate investment to drive business growth and competitiveness.
The Accelerating Commercialisation Programme forms part of the Australian Government’s Entrepreneurs’ Infrastructure Programme.
Applications can be lodged at any time and Newcastle Innovation’s Business Development Team is here to assist prepare the necessary documentation.
Innovation Connections offers eligible small and medium-sized Australian businesses an opportunity to become more competitive by working with the research sector to develop ideas with commercial potential and helps business to identify any knowledge gaps that are preventing business growth.
Eligible business sectors include:
- Advanced manufacturing
- Food and agribusiness
- Medical technologies and pharmaceuticals
- Mining equipment, technology and services
- Oil, gas and energy resources
Businesses that provide enabling or supporting technologies, inputs or services to drive business growth or improve competitiveness in the above growth sectors are also eligible.
For more information and to discuss how your business can benefit from partnerships with the UON contact the Newcastle Innovation Business Development Team.
Visit the Australian Government’s website for more information about its programs.
NSW Government initiatives
Innovate NSW connects technology SMEs and businesses in key sectors of the NSW economy to develop globally competitive business-to-business (B2B) solutions that address compelling needs. The program focuses on rapid development of business- driven solutions that use ‘enabling technologies’.
For purposes of this program, ‘enabling technologies’ are defined as new technologies (or new uses for existing technologies) that enable new products, services, or more efficient processes. This includes: mobile, cloud, analytics, sensors, advanced materials, and biosciences.
NSW Trade & Investment offers three types of assistance to drive collaborations.
Minimum Viable Product grant
Minimum Viable Product grants provide matched funding up to $15,000 to assist technology SMEs to engage with a potential business customer to demonstrate an idea, prove a concept, develop a prototype or customise a B2B solution that addresses a high growth opportunity or challenge for a key sector (as detailed above).
Tech Vouchers grants provide up to $15,000 in matched funding for technology SMEs to collaborate with a NSW research organisation to overcome a specific technical challenge or test a new technology. As with the MVP grant, the technology should address a high growth opportunity or challenge for a potential business customer in a key market sector.
Collaborative Solutions grants
Collaborative Solutions provides grants of up to 25% of project costs (to a maximum of $100,000), for consortia to develop an innovative solution that addresses a high growth opportunity or challenge in a key sector. The consortia must include three entities: a technology SME with the ability to develop and commercialise the solution (Lead Company), a pilot business customer in a key sector that is willing to test the solution (Pilot Organisation), and at least one partner company that will provide additional technology, research capabilities, or assistance to scale the solution.
Visit the NSW Trade & Investment website