Business Research and Innovation Initiative (BRII) – Regulatory Technology

Overview

The Business Research and Innovation Initiative occurs in 3 stages. Stage 1 Challenge Selection 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). Stage 2 Feasibility study 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. Stage 3 Proof of concept 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 all proof of concepts.