What is the AustCyber Projects Fund?
The AustCyber Projects Fund is a $15 million, three-year initiative designed to help the Australian cyber security industry grow and take ideas global. Over the last 12 months, AustCyber has provided $6.5 million in funding across ten projects that are making a real contribution to growing Australia’s cyber security ecosystem. In 2019, an additional $8.5 million will be awarded to fund industry led projects that deliver on the goals of the Cyber Security Sector Competitiveness Plan.
This year, we have refined the application process to make it simpler for you to apply. We have also introduced two project categories:
Proposed projects should address one or more specific ‘sector challenges’ that provide core infrastructure for the sustained growth of Australia’s cyber security sector.
Proposed projects do not have to address one or more specific ‘sector challenges’ (as per previous funding rounds).
All proposed projects must provide matched industry funding.
The Projects Fund has been established to provide matched funding to industry-led projects which address the merit criteria set out in the Additional Information page. Projects may also address a specific problem statement (detailed in the Additional Information page), that seek to provide core infrastructure for the sustained growth of Australia's cyber security sector.
Project expressions of interest (EOI) are assessed by AustCyber against specific merit criteria. Shortlisted EOIs will be invited to pitch their project proposal to a panel of experts. Project proposals endorsed by the panel will be invited to submit a full project application.
An EOI can be submitted by a consortium or a single entity.
The key requirements for a 'Consortium' are:
- Involvement of no less than two independent businesses (drawn from any combination of small to large service, education, or research providers, or simply business partners for the purposes of the solution)
- All consortium members must operate business in Australia, or principally in Australia, with a valid Australian Business Number (ABN)
- All consortium members should be committed in writing to the project prior to the submission of the EOI
- The consortium can describe, in detail, what each member anticipates the measurable outcome of their contribution to the project will be, together with a statement of anticipated project outcomes and how they will be measured
- All consortium members are willing to make outcomes of the project accessible to the wider cyber security sector
- A consortium lead is identified and is willing to sign a funding contract with AustCyber and separately with their consortium members.
The key requirements for a 'Single Entity' are:
- the entity must operate business in Australia, or principally in Australia, with a valid Australian Business Number (ABN)
- the entity should be committed in writing to the project prior to the submission of the EOI
- the entity can describe, in detail, what the anticipated outcomes of the project are and how they will be measured
- the entity is willing to make outcomes of the project accessible to the wider cyber security sector
- the entity is willing to sign a funding contract with AustCyber.
Project duration: Projects must be completed in 12 months unless otherwise agreed with AustCyber.
The maximum amount of Projects Fund to be awarded through this process is AUD$8,500,000 for this round. Match funding for projects can be between AUD$100,000 and AUD$3,000,000. The funding amount for each project will be up to 50% of eligible project costs. The amount awarded will be relative to the project size and complexity, and the extent that it meets the merit criteria.
Any funds not allocated during this round may be allocated in future rounds.
An overview of the sequential selection process and time frame for assessment, decision making, and disbursement of funds is included below.
AustCyber will seek Expressions of Interest (EOI) for projects. AustCyber will assess the EOIs against the merit criteria and appropriate project proposals will be shortlisted to 'pitch' their proposal to a panel of experts which include independent industry representatives and technical experts. Those shortlisted through the pitch process will be invited to prepare and submit a full application.
The AustCyber Projects Fund is a competitive, closed process under which applications must be submitted by due dates. Applications received after the due dates will not be considered. All EOIs submitted are assessed individually against the merit criteria. Funding decisions in relation to each application will be determined with consideration for the comparative merits of other applications.