Business Research and Innovation Initiative
Today the Minister for Industry, Innovation and Science, the Hon Greg Hunt MP announced the opening of the Business Research and Innovation Initiative (BRII), a key initiative of the National Innovation and Science Agenda (NISA).
BRII is a programme for small to medium sized enterprises (SMEs). The pilot programme covers the first challenges for which SMEs can develop solutions. SMEs can apply for a competitive grant of up to $100,000 to undertake a feasibility study on their proposed solution to a challenge. Following the completion of a feasibility study, grantees can apply for a further competitive grant of up $1 million to develop a proof of concept addressing the same challenge.
Information on the programme is available at this website or by contacting Michael Burges, Programme Manager BRII@industry.gov.au.