SMEs are invited to submit proposals to address specific challenges. The selected businesses will receive grants of up to $100,000 to complete a feasibility study of their proposed solution within three months. Businesses that successfully complete a feasibility study are then eligible to apply for a further grant of up to $1 million to develop a proof of concept within 18 months.
Businesses will keep the intellectual property (IP) rights to their solutions for future worldwide sales.
Five challenges are currently open for applications: