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NSW Launches $24m Fund For Innovative SMEs

The NSW Government has launched a $24 million fund for innovative SMEs.

The grants are part of the Small Business Innovation Research (SBIR) program and the funding will be delivered over two years.

To receive funding an SME must be developing or commercialising solutions for one of five challenges identified by the NSW Government.

They include assisting vision-impaired customers navigate the public transport network, increasing the resilience of regional and remote communications networks and reducing wastewater contamination.

The NSW chief scientist Hugh Durrant-Whyte said research and development was the key to delivering problem solving solutions to address the state’s most pressing problems and deliver a social, environmental, health or economic benefit.

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