CSIRO has taken the wrappers off Australia's artificial intelligence (AI) Sprint, a new initiative aimed at fostering AI solutions that can tackle national issues.

The program is designed to support startups and entrepreneurs in developing AI solutions to tackle challenges such as the cost of living, governance, supply chain resilience, human and environmental well-being, and workforce transformation. The AI Sprint is a collaboration between the National AI Centre (NAIC), Stone & Chalk, and Google Cloud. It is a three-month competitive program that provides startups and entrepreneurs with resources, tools, and expert support to refine AI-powered ideas into demonstration-ready prototypes. The first phase of the AI Sprint is set to commence in February 2024.

"Australia’s AI Sprint offers our innovators the technological expertise and commercial savvy to create AI solutions with real impact for Australia. The initiative provides start-ups and entrepreneurs with the end-to-end support needed to refine their innovations, gain visibility, and bring their AI solutions to market. This is the springboard opportunity to transform AI concepts into real-world impact," said National AI Centre Director Stela Solar.

Participants will progress to the second stage where they will benefit from enhanced support and resources in preparation for a Demo Day, where prototypes will be presented to industry stakeholders. The winner of the AI Sprint will be awarded $300,000-worth of research and development support from selected Australian research institutes, while second and third place will receive $100,000. This prize is provided by the NAIC and includes facilitation services by CSIRO's SME connect. Winners will also be eligible for a range of support services from Stone & Chalk to help them secure capital, customers, expertise and talent for the launch of their business.

"By uniting our organisations’ unique strengths, we have an unprecedented opportunity to cultivate world-class AI talent, drive innovation, and develop solutions that will benefit Australians in the digital age. Australia’s AI Sprint is a game-changer that will significantly strengthen our nation’s AI ecosystem for the future," said Stone & Chalk Group CEO, Chris Kirk.

Google Cloud Head of VC & Startup Ecosystem JAPAC, Michael Langford, said AI’s potential to help solve real-world problems and build a stronger digital future for all Australians is significant.

"Initiatives like Australia’s AI Sprint play a crucial role in unlocking this potential, and we are pleased to support innovators across the country with our deep expertise, educational resources and mentorship," he said.