Small and medium-sized businesses are invited to take part in the Business Research and Innovation Initiative (BRII) grant program. This program aims to address governmental policy challenges and create solutions that help to achieve Net Zero emissions. Grants ranging from $50,000 to $100,000 are up for grabs for feasibility studies. Additionally, if your feasibility study proves successful, you could secure further funding of up to $1 million to bring your proof of concept to life.
The Project
This round of BRII provides funding for projects that address three challenges in the government’s commitment to net zero emissions.
- Increasing energy efficiency in commercial fishing operations.
- Powering safe drinking water for Australian First Nations remote communities.
- Developing alternative packaging for premium Australian wine.
Eligible Applicants
Australian enterprises with less than $20 Million in turnover can apply for grants ranging from $50,000 to $100,000 for Feasibility projects. Successful Feasibility projects may receive up to $1 million to develop a proof of concept.
Grant Opportunities
Stage 1 – Feasibility Grant Opportunity: The Feasibility grant aims to evaluate the technical and commercial viability of proposed solutions.
Stage 2 – Proof of Concept Grant Opportunity: Upon completion of a successful Feasibility project, applicants may apply for Proof of Concept funding. This grant supports the development of working prototypes or demonstrations.
Eligible Expenditure
Grant funds are exclusively designated for expenses accrued by the entity during the project duration and directly related to the project’s objectives. Any expenditure not directly associated with the project, such as financing costs and interest, will not be eligible.
For further information on this article, feel free to reach out and engage with our R&D consultants at Fullstack today.
