Help us solve government challenges

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).

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.

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 successful proof of concept grants.

To be competitive you must score highly against all of the assessment criteria.

1: Extent that your proposed solution meets the challenge (30 points)

You should demonstrate this by identifying:

• how the proposed solution will meet the challenge
• the uniqueness of your proposed solution relative to what is already in the market.

2: Market opportunity of your proposed solution (30 points)

You should demonstrate this by identifying:

• the clear commercial potential to create a marketable product, process or service for customers beyond the government agency leading the BRII challenge, including a plan to deliver the solution and the route to local and/or global markets. A market analysis should be included.

Note: a more detailed commercialisation plan will be requested if you progress to the second funding stage (proof of concept grant).

3: Capacity, capability and resources to deliver the project (40 points)

You should demonstrate this by identifying:

1. your track record managing similar projects and access to personnel with the right skills and experience, including commercialisation
2. your access, or future access, to any infrastructure, capital equipment, technology and intellectual property
3. a sound project plan to manage and monitor the project, including a risk analysis
4. your project budget.

You must attach a project plan, budget and risk analysis (including national and cyber security risk) to your application.

Once you submit your application, we'll confirm your eligibility. If eligible we'll give your submission to the agency whose challenge you addressed. The agency will assess applications and rank them against assessment criteria.

Innovation and Science Australia will then assess the applications, taking into account the assessment of the agencies, and recommend which projects to fund.

The Program Delegate will take the recommendations into account and decide which applications to fund, and we'll notify successful applicants.

Successful applicants then conduct their feasibility studies. If successful, grantees may then be invited to apply for a proof of concept grant.

If your application is successful, you’ll receive a written offer. If you’re unsuccessful, we’ll notify you in writing and give you the chance to discuss the outcome.

Successful applicants must enter into a grant agreement with the Commonwealth. The grant agreement will specify the reporting requirements, payment schedule and milestones necessary to receive payments.

If you are successful, we’ll pay 100% of the grant on execution of the grant agreement. You must report how you spent the grant funds at the completion of the project. 

Payments will be made by direct credit into a nominated bank account.