Third round of RAISe+ Scheme application opens

Funding support of $10m to $100m will be provided to each approved project for eligible universities.

The Innovation and Technology Commission (ITC) has launched the third round of applications for the Research, Academic and Industry Sectors One-plus (RAISe+) Scheme.

Funding support of $10m to $100m will be provided to each approved project for eligible universities. The deadline for submission is until 31 October 2025 only.

Assessment criteria include the I&T component of the project, commercial viability of project outcomes, and technical and management capability of the team.

The government will adjust the assessment process of this round to encourage early industry contribution.