The New South Wales government has announced a new round of investment into the innovation sector, backing 19 organisations with priorities across housing, net zero and the energy transformation, and local manufacturing.
A total of AU$400,000 will be distributed through the latest round of the Fostering Innovation Sponsorship Program. The funding is designed to fund events and initiatives that connect local startups, researchers and investors, helping commercialise brilliant homegrown ideas.
The funded initiatives span a diverse range of high-growth sectors, from AI-focused programs and climate technology awards to health innovation exchanges.
The program heavily emphasises regional participation, diversity and inclusion, aligning closely with the state government’s Innovation Blueprint and Industry Policy priorities in housing, clean energy and local manufacturing.
Minister for Innovation, Science and Technology Anoulack Chanthivong said investing in innovation is directly linked to the state’s long-term economic strength.
“Through practical initiatives, we’re supporting the people turning ideas into real businesses and connecting them with the capital and expertise they need to scale,” Chanthivong said.
“By aligning this investment with our priorities in clean energy, housing and local manufacturing, we’re building a stronger, more resilient economy and positioning NSW for the future.”
Some funding recipients include Western Sydney Women for their ‘Women Leading AI’ initiative, Hunter iF for the 2026 Hunter Innovation Festival, and EnergyLab for their Climate Investment Growth Series.
Minister for Women Jodie Harrison welcomed the program’s focus on inclusivity, noting that backing women’s innovation is vital for economic advancement.
Western Sydney Women Founding Director Amanda Rose agreed, stating the funding would help connect around 120 diverse female founders and students with the skills and networks needed to lead in emerging technologies.
Other major recipients in the latest round include the Australian Computer Society’s regional roadshow, First Nations economic advocate Barayamal, and the University of Sydney’s Biomedical Community of Practice, ensuring the state remains a premier destination to scale a business.
