A new funding program will support small businesses working on advanced technology in New South Wales. The program will provide $20 million over several years. It aims to help companies turn research into real products.
The new Emerging Technologies Commercialisation Fund has opened for applications. The first round offers $7 million. Applications opened at 10:00 am on 6 March 2026.
The program supports young companies developing systems, devices, and medical treatments. It also focuses on building local manufacturing. The goal is to help ideas move from early testing to market use.
Several companies also received support through existing research programs. The Biosciences Fund awarded $4.75 million to four businesses in this round.
One company, All G, is working on improving infant nutrition. The company aims to better match the benefits of human breast milk. Another company, HydGene Renewables, has created a system to turn waste into green hydrogen. This process can produce key chemicals without fossil fuels.
Number 8 Bio is working on reducing methane emissions from livestock. The company developed a treatment that can be placed in the stomach of animals. The treatment works over several months. Swan Genomics has designed a new DNA sequencing system. The system is simpler and lower in cost. It can be used in hospitals and field settings.
Two companies received support through the RNA Pipeline Grants program. The program provides $6 million for new medical technologies.
Platypus Bio is developing a targeted cancer treatment. The therapy activates only inside harmful cells. It aims to destroy diseased cells while protecting healthy tissue. Vaxosome is working on a new mRNA vaccine for tuberculosis. The vaccine aims to improve protection for adults and young people.
The RNA program supports the growth of new medical products. It also helps prepare for future manufacturing in the state.
The funding programs aim to create jobs and support innovation. They also aim to bring new technology into everyday use. Companies will continue to develop solutions in health, energy, and agriculture.
The new fund adds to existing support for research and development. It focuses on the stage where ideas need help to grow. The program aims to build strong businesses and new industries in New South Wales.