Current Grant Opportunity View - GO4622
Business Research and Innovation Initiative (BRII) – Regulatory Technology
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The Business Research and Innovation Initiative occurs in 3 stages.
Stage 1 Challenge Selection
The Minister for Industry, Science and Technology approved the following 4 challenges for the Regulatory Technology Round:
- Using technology to help identify and assess poor market disclosure by listed companies (ASIC)
- Using technology for remote and automated monitoring of export livestock health and welfare (DAWE)
- Using technology for a streamlined path to marine autonomous systems assurance (AIMS)
- Using technology for real-time and accurate asbestos testing (ASEA).
Stage 2 Feasibility study
We ask for applications from eligible entities to undertake a feasibility study that responds to one of the current key government challenges.
The maximum grant for each feasibility study is $100,000 with a maximum period of 3 months. The BRII Regulatory Technology Round has $2 million available for all feasibility studies.
Stage 3 Proof of concept
If your study shows that your idea is feasible, you can apply to develop a proof of concept. Only applicants who successfully complete feasibility studies can apply for proof of concept funding.
The maximum grant amount is $1 million with a maximum period of 15 months. For the BRII Regulatory Technology Round there is an estimated $8 million available for all proof of concepts.
To be eligible you must:
- have an Australian business number (ABN)
and be one of the following entities:
- an entity, incorporated in Australia
- an individual or partnership, provided you agree to form a company incorporated in Australia to enter into a grant agreement.
We can only accept applications where:
- you have a combined annual turnover of less than $20 million for each of the 3 financial years prior to the lodgement of the application
- you provide all mandatory attachments.
Joint applications are acceptable, provided you have a lead organisation who is the main driver of the project and is eligible to apply.
If you are controlled by a Publicly Funded Research Organisation, including university spinoffs with at least 40% university ownership, you must have annual turnover in isolation of less than $20 million for each of the 3 financial years prior to lodgement of the application.
From $50,000.00 to $100,000.00
To apply, go to: www.business.gov.au/brii
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