The Australian government has recently launched the Artificial Intelligence (AI) Adopt Program, an ambitious initiative to enhance AI adoption among small and medium-sized enterprises (SMEs).
The program focuses on establishing up to five AI Adopt Centres, dedicated to assisting SMEs engaged in international and interstate trade in integrating AI technologies into their businesses.
The initiative offers grants between A$3 million and A$5 million over a period of four years, covering up to 50% of the eligible project expenditure.
The program targets Australian businesses capable of setting up centres to help other Australian SMEs adopt AI technologies.
Don’t miss your chance to be part of the #AI Adopt program.
If your organisation can help small businesses adopt and benefit from #ArtificialIntelligence, apply before 29 January: https://t.co/dtxGwoPzo3#AusTech pic.twitter.com/D8ugR41DWh
— Department of Industry, Science and Resources (@IndustryGovAu) January 19, 2024
AI adopt program
The AI adopt program's main objectives are to facilitate the safe and responsible adoption and use of AI technologies to address specific challenges within sectors and localities.
It aims to support SMEs in integrating AI products for the development of new or improved products and services, thereby improving Australia's future prosperity and productivity growth.
The initiative also focuses on upskilling Australian workers in AI technologies and supporting a growing network of Australian AI expertise, including engagement with the National Artificial Intelligence Centre and the Responsible AI Network.
Equitable access to SMEs
The program seeks to provide equitable access to SMEs nationwide, especially in sectors aligned with the National Reconstruction Fund (NRF) priorities.
Another key aspect is the creation of opportunities for growth in the AI technology market through increased international demand for Australian AI capabilities and the promotion of underrepresented groups in technology.
Finally, the program supports the Australian Government's target of creating 1.2 million tech-related jobs by 2030.