The Australian government has already handed out almost $3 million in grant funding to over 70 projects across a wide range of industries, including social services, tourism, livestock management, e-procurement, health, and the automotive industry. Approximately $1.53 million of the $6.64 million will be available to fund project costs in 20.The deadline for the latest round of grant applications is August 20th. “However adopting online solutions in business supply chains could deliver even greater rewards for business.”Īlston added: “ITOL is designed to accelerate the national adoption of B2B electronic commerce solutions, especially by communities of small and medium enterprises.”Įligible projects must be supported by a consortium of at least three organizations, which may include companies, tertiary institutions, business or industry associations, government agencies, educational institutions, and other not-for-profit organizations.įunding is available for up to 50 percent of eligible project costs. “The benefits from servicing customers online have already proved significant,” Senator Richard Alston, minister for communications, information technology and the arts, said about ITOL in January. Additional rounds of funding are expected to be announced later this year. The latest round of funding is the sixth round of ITOL grants. The Information Technology Online (ITOL) grant program offers grants of up to $102,000 for B2B projects across a wide range of industries and, according to the Australian government, serves as a catalyst for the adoption of B2B e-commerce.

Giving a boost to business-to-business (B2B) e-commerce Down Under, the Australian government announced Tuesday it would be handing out US$6.64 million in funding for B2B projects over the next five years.

Devrev funding