The Innovation Districts Challenges (IDC) is a $3 million investment by the NSW Government in the state’s innovation ecosystem with the aim of accelerating the commercialisation of research products or services that address the many disruptions caused by the COVID-19 pandemic.
The program, led by NSW Treasury with advice from NSW Health, Office of Chief Scientist and Engineer and the Accelerating R&D Council Subcommittee, is being rolled out by innovation districts across NSW. Innovation districts are where leading-edge anchor institutions such as universities cluster and connect with startups, business incubators and accelerators and can network with other Small to Medium Enterprises (SMEs), as well as strategic and corporate partners that can accelerate commercialisation.
Participating innovation districts are led by the following Boosting Business Innovation Program (BBIP) partner organisations: Macquarie University, Australian Catholic University, Charles Sturt University, CSIRO, Southern Cross University, University of New England, University of Newcastle, University of New South Wales, University of Sydney, University of Technology Sydney, University of Wollongong and Western Sydney University. Each partner organisation will identify eligible businesses it is connected to, either through research relationships or physical location, that have high potential products or services that can address one of the three Challenge Statements.