We are delighted to announce that the AustCyber Projects Fund is once again open for applications, with a refined process making it easier to apply.
What is the Projects Fund?
AustCyber is dedicated to supporting a vibrant Australian cyber security sector.
The Projects Fund is a three-year matched funding initiative, designed to support organisations that are driving innovation and providing core infrastructure to help the cyber sector grow.
Matched funding between $100,000 and $3 million is available to industry-led projects that meet our eligibility criteria. Up to $8.5 million is available for organisations that are making a positive contribution to the Australian cyber industry and tackling issues identified in our Sector Competitiveness Plan.
“We’re looking to provide funding to organisations that are growing the Australian cyber ecosystem both domestically and abroad,” said Michelle Price, AustCyber’s CEO. “Projects should aim to tackle the priorities identified in our Sector Competitiveness Plan and be of national benefit – by creating a champion for the sector, a pathway for other cyber companies to grow or designing innovative or emerging technology.”
Industry Knowledge Priorities identified by the Sector Competitiveness Plan have been developed in line with the current and foreseeable needs and opportunities for industry research and commercialisation in the Australian cyber security sector.
Who have we supported so far?
AustCyber has already provided $6.5 million in matched funding to ten projects – including the development of new products, educational offerings and authentication technologies.
For example, over $600,000 was allocated to the University of Sydney in conjunction with Australia and New Zealand Banking Group Limited (ANZ), Commonwealth Bank of Australia (CBA), National Australia Bank Limited (NAB), Westpac Banking Corporation and British Telecom to create the Schools Cyber Security Challenges – which are designed to provide high school teachers with resources to support the teaching of cyber security concepts, and to inform students of career opportunities in the field.
This is not only a great example of how funding can make a real difference to the cyber education sector, but also of how a consortium of companies can work together on a funding application – you don’t have to go it alone.
What do I need to do?
This year, we have refined the application process to make it simpler for you to apply. We have also introduced two project categories:
1. Proposed projects should address one or more specific ‘sector challenges’ that provide core infrastructure for the sustained growth of Australia’s cyber security sector.
2. 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 application process
- First, you need to establish that you are eligible to apply for the Projects Fund by assessing the relevant eligibility and merit criteria. Eligibility and merit criteria include (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
- Once you have read through all of the relevant guidelines, you’re free to submit an Expression of Interest (EOI).
- EOIs will be assessed within six weeks and if your application is successful, you will be invited to pitch your proposal to a panel of industry experts.
- Shortlisted applicants will then be invited to submit a full application to be reviewed.
- The final decision will be taken by the AustCyber Board, before informing the successful organisations.
- If you receive funding, project milestones will be agreed with AustCyber to keep the project on track and provide support where necessary.
Applications close 12July 2019.