Applications for $100,000 Business Research and Innovation Initiative funding now open
The Federal Government is offering grants of up to $100,000 to small and medium-sized enterprises to tackle national environmental challenges through the Business Research and Innovation Initiative (BRII).
$12 million has been made available through the latest round of BRII funding, with businesses being asked to submit their proposals for developing innovative solutions to five policy issues within Government.
The five problems that have been selected by the Government as target areas for the latest round of the BRII focus on issues that affect oceans, water and soil quality and recycling, and include:
- Revolutionising agricultural spray application
- Turning farm crops into a renewable hydrogen source
- Turning office trash into energy treasure
- Counting fish using advanced technologies
- Automating the detection of whales at sea
Minister for Industry, Science and Technology Karen Andrews said the BRII was designed to support local startups and businesses developing new products and technologies that will solve problems globally, while also providing tailored solutions to challenges faced by government agencies.
“This is a great opportunity for Australian businesses to think outside the box and develop clever ideas that can help solve policy issues within Government,” said Ms Andrews.
“Not only does this initiative help government agencies with tailored solutions that mean better value for taxpayers, but it also gives startups and businesses the chance to develop new products and technologies for the global market.”
Successful applicants will receive grants of up to $100,000, with funds to be used to conduct feasibility studies over a period of three months.
Applicants who successfully prove that their idea is feasible may be eligible for an additional grant of up to $1 million to develop a proof of concept over 18 months.
Applications close 10 September 2020 at 5.00pm.
For more information about the Business Research and Innovation Initiative and to apply, click here.
21 July 2020