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Summary
- Australian Government is funding feasibility tests for twenty-three small businesses selected under Business Research and Innovation Initiative (BRII) challenges.
- Minister Karen Andrews said record applications were received, showing a great level of competition among participants.
Australia’s Industry Science and Technology Minister Karen Andrews has launched the latest round of funding for Business Research and Innovation Initiative (BRII).
Source © Kalkine Group 2021
The Government will provide grants of over $2 million to small and medium businesses. The initiative will support the early-stage development of solutions to tackle the challenges faced by Government policy and service delivery.
After the feasibility tests, the most convincing projects could receive grants of up to $1 million for developing a prototype.
Source © Kalkine Group 2020
Minister Andrews said the initiative gives an opportunity to small businesses for the development of innovative solutions which would benefit the community and economy. Government agencies may purchase the solutions developed by the participants to address national challenges.
This round of BRII saw significant traction from the small business community with a record 220 applications.
Initial grants of more than $2 million will be distributed to twenty-three small businesses participating in this round for the feasibility tests. The five challenges under this round are as below.
Australian small businesses with a turnover of less than $20 million in the last three years are eligible under the initiative.
