BIF

BIF is a merit-based competitive grants program which aims to increase the rate of commercialisation of promising biotechnology developed in Australia. It provides financial assistance to companies to demonstrate proof-of-concept between the initial research stage of a biotechnology project and the early stage of its commercialisation. This program forms part of the $3 billion Innovation Statement, Backing Australia's Ability, that underscores the Government's commitment to innovation.

The BIF Program has run full term. No further applications are being accepted.