Date post: | 30-May-2015 |
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Economy & Finance |
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Colin Thew, A/Director Business Advisory & Industry Development
Investment & Export Services
Program Overview
Collaborative Solutions - Online & Interactive Education - Pitching & Networking Event - 5 December 2013
INNOVATE NSW Focus:
Develop innova,ve and new-‐to-‐market solu3ons. Use enabling technologies to address a compelling need.
Collaborate with a business in a key sector of the NSW economy.
Criteria: • Technology SMEs in NSW
• New B2B solu3ons
• Address compelling needs
• Scalable across a sector
• Sectors: E-‐health, advanced manufacturing, energy technologies and services, online & interac3ve educa3on, and transport, logis3cs & infrastructure
• Using 'enabling technologies' Collabora3ve Solu3ons -‐ Online & Interac3ve Educa3on -‐ Pitching & Networking Event -‐ 5 December 2013
INNOVATE NSW – Funding Elements
§ Minimum Viable Product (MVP) – $15k: Prove the Concept – early stage development – 3 month project period
§ TechVouchers (TV)
– $15k: Prove the Technology – early stage research – 3 month project period
§ Collabora3ve Solu3ons (CS)
– $100k: Form a Consor3a – full-‐scale development and pilo3ng of a solu3on
– 9-‐12 month project period
Collabora3ve Solu3ons -‐ Online & Interac3ve Educa3on -‐ Pitching & Networking Event -‐ 5 December 2013
Four Criteria: (in order)
1. Innova3ve use of enabling technologies Innova&on, new-‐to-‐market, addresses compelling need
2. Strength of the business model Sustainable, poten&al for high-‐growth, capacity to scale solu&on
3. Industry sector benefits Tangible benefits, addresses barrier to growth across sector
4. Economic benefits to NSW Poten&al jobs, export revenue, investment aBrac&on, benefits to regional NSW
Collabora3ve Solu3ons -‐ Online & Interac3ve Educa3on -‐ Pitching & Networking Event -‐ 5 December 2013
INNOVATE NSW – Evalua3on Criteria
Program page -‐ h\p://www.business.nsw.gov.au/innovatensw
-‐ Program overview -‐ Submit EOI -‐ Guidelines -‐ Sample Forms
Collabora3ve Solu3ons -‐ Online & Interac3ve Educa3on -‐ Pitching & Networking Event -‐ 5 December 2013
INNOVATE NSW – How to Apply
Collabora3ve Solu3ons Goals: • Foster collabora3on between:
– tech SMEs, – mul3na3onal corpora3ons, and – businesses in key sectors
• Deliver compelling, new-‐to-‐market B2B solu3ons • Accelerate NSW innova3on, revenue, jobs, export Grants: • Maximum of 25% of project costs up to $100,000
Collabora3ve Solu3ons -‐ Online & Interac3ve Educa3on -‐ Pitching & Networking Event -‐ 5 December 2013
Consor3um-‐Backed Solu3ons A consor,um must have: • Consor3um Lead (technology SME -‐ applicant) • Consor3um Partner (contributes addi3onal capabili3es) • Pilot Organisa3on (end-‐user -‐ guides development & pilots solu3on)
Lead
Pilot Org
Partner
Collabora3ve Solu3ons -‐ Online & Interac3ve Educa3on -‐ Pitching & Networking Event -‐ 5 December 2013
Consor3a Rela3onships Example Consortia Member Responsibilities and contributions
Lead Organisation (Tech SME)
• Project manager, business developer • Primary developer – holds IP • Coordinates various components into one solution • Commercialisation
Pilot Organisation (Business end-user)
• Provides challenge/opportunity • Venue for testing/piloting • Feedback during development and following pilot • Dedicates staff member to liaise with Lead
Partners • Data analytics software • Platform for the solution (e.g. cloud) • RFID chips • Content creation • Payment platform • Additional research • Marketing • Handsets, hardware
Benefits for the Pilot Organisa3on
• Validate new products/solu3ons’ pros/cons
• Trial before full commitment on deployment
• Leverage industry’s exper3se, investment, agility
• Lower the cost of adop3on
• Be seen as front-‐footed on exploi3ng new tech
• Help grow NSW technology sector: skills, jobs, revenue
Collabora3ve Solu3ons -‐ Online & Interac3ve Educa3on -‐ Pitching & Networking Event -‐ 5 December 2013
What it is / is not Is • B2B
• enabling technology
• innova3ve beyond current
offerings
• scalable
• suppor3ng commercial pilots and trials (“R&D”)
• done in the “spirit of collabora3on”
• incen3ve grant that drives commercial interests
Is Not • B2C
• suppor3ng pure / ICT
technology research
• done in a client-‐vendor or tender arrangement
• a path to government procurement
• a bespoke solu3on (must be scalable)
Collabora3ve Solu3ons -‐ Online & Interac3ve Educa3on -‐ Pitching & Networking Event -‐ 5 December 2013
Previous Consor3a