New Grants

The Federal Goverment  will provide up to $11 million for the establishment of AI and digital capability centres to drive the adoption and use of AI technologies by Australian businesses. These centres will drive SMEs adoption, and the development, commercialisation and use of AI to propel novel and improved products, processes and services across sectors and into new markets.

Deadline

Applications close 12 May 2022 05:00 PM AEST

Overview and Grant Amount

Under the Australian Government’s Artificial Intelligence Action Plan, the Government is investing a total of $44 million across 2021-2022 to 2024-2025 to establish four AI and Digital Capability Centres. The maximum grant amount is $11 million and will be up to 75% of eligible project expenditure (grant percentage).

The objectives of establishing these Capability Centres are to:

  • establish a ‘front door’ for SMEs to access capabilities, expertise and innovative technologies to adopt, adapt, test and deploy AI technologies
  • foster collaboration and connect SMEs with opportunities to lift productivity and drive commercialisation
  • coordinate and drive the growth of Australia’s AI ecosystem
  • lift SME capabilities so they can confidently adopt AI solutions

Eligibility and Criteria

Eligible Entities

To be eligible, a business must have:

  • an ABN
  • an entity, incorporated in Australia
  • a publicly funded research organisation (PFRO)

Your application must be a joint application with a lead organisation who is the main driver of the project and is eligible to apply. Applications must include at least one industry partner, and build on an existing technology or manufacturing precincts/hubs or universities or centres of excellence. Applicants will need to provide co-funding of at least 25% of the total project expenditure in a cash contribution. The application must identify all other members of the proposed group and include a letter of support on the template provided from each of the project partners. Each letter of support should include:

  • details of the project partner
  • an overview of how the project partner will work with the lead organisation and any other project partners in the group to successfully complete the project
  • an outline of the relevant experience and/or expertise the project partner will bring to the group
  • the roles/responsibilities the project partner will undertake, and the resources it will contribute (if any)
  • details of a nominated management level contact officer

Eligible Projects

You must complete your project by 31st March, 2025 and must:

  • be located in Australia
  • support the creation of AI products or services by small and medium enterprises (SMEs) for an overseas or interstate market, or
  • support the use of AI or digital capability within an SMEs to create or improve products or services for an overseas or interstate market

Eligible Expenditure

The grant fund must only be spent on expenditures that include:

  • labour costs
  • up to 30% of labour on-costs (e.g. superannuation, payroll tax, workers compensation insurance)
  • eligible project activities that you contract to others
  • domestic and overseas travel, within reason
  • workshop and conference costs
  • staff training
  • capital items

Applicants are encouraged to read through all the criteria set by this grant, which may be found here. All applications must be lodged online through your portal account.

Expert Assistance

Treadstone experts can help you understand government grants and maximise the benefits for your business. We have been helping clients since 2008 and our clients can testify to our proven success record. Working with us means you get the maximum grant with minimum risk and effort. Our expertise includes R&D Tax Incentive registration and tax schedules, Export Grants, Capital Expenditure and Infrastructure Grants.

Get in touch with us and let’s discuss this more in detail.

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