NSW Biosciences Fund 2025

The BioSF is a competitive technology development and commercialisation program to meet the needs of industries and firms with potential to commercialise innovations aligned with the NSW 20-Year R&D Roadmap priority industries or technologies.

The objectives of the BioSF are to:

• 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 biological sciences (biotechnology and life sciences), including biomanufacturing, genetic engineering, synthetic biology and agrifood
• realise benefits from innovation in NSW.

The intended outcomes of the BioSF are to:

• 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.

The BioSF targets companies with innovative products/systems within the Technology Readiness Level (TRL) range of 3 – 7 and aims to help them move along the TRL scale, commercialise their idea and enable them to attract large-scale private investment.

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 the Department can enter into a legally binding Deed of Agreement
  • 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 the NSW Government
• hold the intellectual property or the rights to commercialise the device/ system/innovation
• apply for one project per funding round.