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Business Research and Innovation Initiative (BRII) – Regulatory Technology Round


In this round of the Business Research and Innovation Initiative, we detail 4 challenges that government currently faces in policy and service delivery areas. The grant gives you the opportunity to solve these challenges using innovative approaches.

This round focuses on regulatory technology (RegTech) which uses digital technologies to streamline or enhance compliance for businesses or individuals, and administration for government.

Closed

What do you get?

Grants from $50,000 to $100,000 for regulatory technology project feasibility studies. If your feasibility study is successful, you may receive up to $1 million to develop a proof of concept. 

Who is this for?

Small to medium enterprises with a regulatory technology project.

Overview


The Business Research and Innovation Initiative occurs in 3 stages.
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Eligibility


What are the eligibility criteria?

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.

Applying


How do you apply?

The Business Research and Innovation Initiative is currently closed to applications.

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Information sessions


The information sessions have been held. A webinar recording of each challenge is available:

Using technology to help identify and assess poor market disclosure by listed companies
Agency: Australian Securities and Investment Commission (ASIC)

Using technology for remote and automated monitoring of export livestock health and welfare
Agency: Department of Agriculture, Water and the Environment (DAWE)

Using technology for a streamlined path to marine autonomous systems assurance
Agency: The Australian Institute of Marine Science (AIMS) | Webinar Q&A [PDF 0.899 MB]

Using technology for real-time and accurate asbestos testing
Agency: Asbestos Safety and Eradication Agency (ASEA)

Fact sheets


Check our resources to learn more about the program and the challenges.

Using technology to help identify and assess poor market disclosure by listed companies

Using technology for remote and automated monitoring of export livestock health and welfare

Using technology for a streamlined path to marine autonomous systems assurance

Using technology for real-time and accurate asbestos testing

Need help?

  • Contact us for help with your application or to find out more.

  • Monday – Friday, 8am – 8pm across Australia

Grant recipients


Find out who received a BRII grant in Round 1.

Find out who received a BRII grant in Round 2.

Find out who received funding in the feasibility study stage of the BRII Priority Sectors round.

Key documents


Grant opportunity guidelines

Frequently asked questions

Sample application form

Sample grant agreement

Letter of support template

Feasibility study report template

Financial turnover declaration template

Priority sectors key documents


Grant opportunity guidelines – Proof of Concept

Sample grant agreement – Proof of Concept



Authorised by the Australian Government, Canberra.