Innovate NSW & Collaborative Solutions Program Overview - 27 March 2014
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The document provides an overview of the Collaborative Solutions program run by Innovate NSW, which provides grants of up to $100,000 to foster collaboration between technology SMEs, large corporations, and businesses. It focuses on developing innovative, new-to-market B2B solutions in key sectors like e-health. Eligible projects must form a consortium with a technology lead, additional partners, and a pilot organization to guide development and testing of the solution.
Innovate NSW & Collaborative Solutions Program Overview - 27 March 2014
- 1. Colin Thew, A/Director Business Advisory & Industry Development Investment & Export Services Program Overview Collaborative Solutions – E-Health - Pitching & Networking Event – 27 March 2014
- 2. INNOVATE NSW Focus: Develop innovative and new-to-market solutions. 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 solutions • Address compelling needs • Scalable across a sector • Sectors: E-health, advanced manufacturing, energy technologies and services, online & interactive education, and transport, logistics & infrastructure • Using 'enabling technologies' Collaborative Solutions – E-Health - Pitching & Networking Event – 27 March 2014
- 3. 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 Collaborative Solutions (CS) – $100k: Form a Consortia – full-scale development and piloting of a solution – 9-12 month project period Collaborative Solutions – E-Health - Pitching & Networking Event – 27 March 2014
- 4. Four Criteria: (in order) 1. Innovative use of enabling technologies Innovation, new-to-market, addresses compelling need 2. Strength of the business model Sustainable, potential for high-growth, capacity to scale solution 3. Industry sector benefits Tangible benefits, addresses barrier to growth across sector 4. Economic benefits to NSW Potential jobs, export revenue, investment attraction, benefits to regional NSW Collaborative Solutions – E-Health - Pitching & Networking Event – 27 March 2014 INNOVATE NSW – Evaluation Criteria
- 5. Program page - http://www.business.nsw.gov.au/innovatensw - Program overview - Submit EOI - Guidelines - Sample Forms Collaborative Solutions – E-Health - Pitching & Networking Event – 27 March 2014 INNOVATE NSW – How to Apply
- 6. Collaborative Solutions Goals: • Foster collaboration between: – tech SMEs, – multinational corporations, and – businesses in key sectors • Deliver compelling, new-to-market B2B solutions • Accelerate NSW innovation, revenue, jobs, export Grants: • Maximum of 25% of project costs up to $100,000 Collaborative Solutions – E-Health - Pitching & Networking Event – 27 March 2014
- 7. Consortium-Backed Solutions A consortium must have: • Consortium Lead (technology SME - applicant) • Consortium Partner (contributes additional capabilities) • Pilot Organisation (end-user - guides development & pilots solution) Lead Pilot OrgPartner Collaborative Solutions – E-Health - Pitching & Networking Event – 27 March 2014
- 8. Consortia Relationships 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
- 9. Benefits for the Pilot Organisation • Validate new products/solutions’ pros/cons • Trial before full commitment on deployment • Leverage industry’s expertise, investment, agility • Lower the cost of adoption • Be seen as front-footed on exploiting new tech • Help grow NSW technology sector: skills, jobs, revenue Collaborative Solutions – E-Health - Pitching & Networking Event – 27 March 2014
- 10. What it is / is not Is • B2B • enabling technology • innovative beyond current offerings • scalable • supporting commercial pilots and trials (“R&D”) • done in the “spirit of collaboration” • incentive grant that drives commercial interests Is Not • B2C • supporting pure / ICT technology research • done in a client-vendor or tender arrangement • a path to government procurement • a bespoke solution (must be scalable) Collaborative Solutions – E-Health - Pitching & Networking Event – 27 March 2014