A $10m fund is divided into $50 000 to $500 000 grants, over three months to a year

They are for university-based proof-of-concept projects in mining and agriculture, forestry, and fishing, “seeking to test research relevance against commercial outcomes.” It’s a pilot for the overall Accelerator programme based on a “fast-fail” approach – if a project does not stack-up it will not proceed to the next funding stage.