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What is the Quantum Computing Commercialisation Fund?
The NSW Quantum Computing Commercialisation Fund is a grant opportunity which aims to progress quantum computing hardware and/or software towards commercialisation within NSW.
Background
The Quantum Computing Commercialisation Fund (QCCF) is a $7 million, single round, competitive technology development and commercialisation program funded by the NSW Government through the Future Economy Fund’s Commercialisation Pathways Program (CPP). The Quantum Computing Commercialisation Fund is administered by the Office of the NSW Chief Scientist & Engineer (OCSE) in Investment NSW within the NSW Department of Enterprise, Investment and Trade (DEIT).
The Quantum Computing Commercialisation Fund is targeted towards quantum computing as identified in the Roadmap and under the ‘Digital systems and software’ identified as an emerging industry in the Framework. It will be used to support the development and commercialisation of quantum computing hardware and/or software as part of the NSW Government’s Quantum Technologies Action Plan being developed under the Roadmap.
Funding
Grant funding will be provided for projects ranging between $200,000 to $4 million.
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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.
- be TRL 3-7 on the TRL Scale (Figure 1 of the guidelines).
- 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.
Ineligible projects include:
- activities that are deemed to be in the very early stages of project development, where only basic principles have been observed and reported and no practical applications of the basic principles of the invention have been achieved (TRL 1-2).
- activities where the basic performance of the technology hasn’t yet been demonstrated in a laboratory setting or equivalent testing.
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
Examples of ineligible activities for funding:
- solutions designed to improve internal business processes
- general business costs including sales, marketing, rent and travel
- project costs that are already the subject of another government grant, subsidy or financial assistance
- project costs incurred prior to an application being submitted (no retrospective funding will be awarded)
Eligible Applicants
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.
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).
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Timing
Applications close 2 February 2023.
