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 past 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.
Who is eligible?
To be eligible the applicant must meet the following requirements:
- have an Australian Business Number (ABN)
- be non tax-exempt
- be registered for the Goods and Services Tax (GST)
- be operating as a business for a minimum 12 months and be able to provide the proposed matching funds at each milestone payment.
and be one of the following entities:
- a company, incorporated in Australia
- an incorporated trustee on behalf of a trust
Joint applications are acceptable, provided there is a lead applicant who is the main driver of the project, and the lead applicant is eligible to apply.
Additional eligibility requirements
Applicants must have access to, or ownership of, the intellectual property (IP) necessary to conduct the Project should it be required.
Project participants must demonstrate the financial capacity to complete the project. This must be demonstrated through the provision of financial evidence during the full application stage of the process. The portion of funding provided by AustCyber Projects Fund will be up to 50 per cent of eligible project costs.
Eligible project activities
Projects Fund may be used for activities directly related to the project, for example:
- equipment development, testing and installation
- software development, testing and deployment
- materials, consumables and laboratory disposables
- salaries and consulting fees directly related to the activities in the project
- travel and accommodation for field activities in Australia
- capital expenditure where the equipment/works are directly related to the project
Entities that are partly government funded such as Universities and TAFEs may apply to the Projects Fund provided that they can adequately evidence that their portion of match funding has come from commercial revenue and not from other government funding sources (e.g block grant funding).
Applicants also need to assess the relevant eligibility and merit criteria including (but are not limited to):
- Your Technology Readiness Level
- Alignment with the priorities of the Sector Competitiveness Plan
- The level of impact your project would have on the overall Australian cyber security ecosystem
- Conflicts of interest
- Your ability to self-fund at least 50% of project costs either individually or as a collective
Be quick – applications close 12 July 2019!