Business Research and Innovation Initiative

What Business Research and Innovation Initiative does

The Business Research and Innovation Initiative (BRII) is an Australian federal government program that supports businesses, with the firmographics indicating its operations are tied to the Australian Securities and Investments Commission (ASIC) and specifically to the ASIC Innovation Hub's regtech engagement activities. According to the source data, BRII is referenced through ASIC's regtech round program page and is positioned within ASIC's broader mandate as Australia's national regulator for companies, financial markets, financial services, and consumer credit under the Corporations Act 2001. The program is administratively located in Brisbane and operates within ASIC's national footprint spanning Canberra, Sydney, and Melbourne.

The underlying technology platform supporting BRII's regulatory perimeter consists of ASIC's interconnected digital infrastructure: ASIC Connect for business name and AFS licensee self-service; the EDGE electronic lodgement system used by registered agents for high-volume company registrations and maintenance; the ASIC Regulatory Portal for industry funding, breach reporting, and IDR data submissions; and the Company Officeholder Portal for direct company management. This infrastructure is exposed to third parties through machine-to-machine web services, RESTful APIs (via providers such as Business API Pty Ltd), and DataStream services for information brokers, with a channel ecosystem of more than 40 third-party digital service providers including BGL Corporate Solutions (CAS360, 6,000+ clients), Computershare Governance Services (GEMS), Diligent Entities (250,000 users across 1,500+ clients in 140+ countries), and Acis.

From a business model standpoint, the program does not generate disclosed commercial revenue. ASIC's operating revenue derives from statutory fees set under the Corporations (Fees) Regulations covering proprietary and public company annual reviews, special purpose company reviews, and business name registrations and renewals, all billed on an annual cadence. BRII specifically operates as a government-funded program supporting regtech innovation rather than a revenue-generating commercial entity; no commercial pricing, customer concentration, or financial performance data is disclosed in the input. Customer segments across the underlying regulatory platform span business name holders, company officeholders, AFS and credit licensees, registered auditors, liquidators, and registered agents — a horizontally segmented base with no dependence on individual large accounts.

Name

Business Research and Innovation Initiative

Website

https://asic.gov.au

Company type

Private

Founded year

1991

Short description

The Business Research and Innovation Initiative (BRII) is an Australian federal government program administered by ASIC that supports businesses, including through dedicated regtech innovation funding rounds, operating within ASIC's national regulatory technology infrastructure spanning company registration, licensing, and compliance platforms.

Ownership category

akta.pro rank

Headquarters

HQ city

Brisbane

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Others

Pricing tiers

Distribution channels7 records

Marketing channels7 records

Core offering

The Business Research and Innovation Initiative (BRII) is a federal government program that supports businesses, headquartered in Brisbane, Australia, and founded in 1991. The program operates within ASIC's Innovation Hub and is associated with a regulatory technology (RegTech) round that engages Australian businesses on innovation projects addressing regulatory compliance challenges.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Business name holders can register, renew, update, or cancel business names through ASIC Connect
• +1 more outcomes

Segments7 records

Ideal customer profiles1 record

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core.

• BGL Corporate Solutions Pty LtdcoreTechnology or IntegrationDeveloper of CAS360 cloud ASIC Corporate Compliance platform used by 6,000+ clients worldwide. Provides automated annual review processing, document deadline reminders, ASIC company debt alerts, and direct EDGE integration for electronic lodgements
• Computershare Governance ServicescoreTechnology or IntegrationProvider of Global Entity Management System (GEMS) for enterprise entity governance and statutory filings across multiple jurisdictions. EDGE-only ASIC system provider
• DiligentcoreTechnology or IntegrationProvider of Diligent Entities (formerly Blueprint) - industry-leading entity governance solution for legal and governance professionals. Manages 250,000 users across 1,500+ clients in 140+ countries
• AciscoreTechnology or IntegrationAustralia's largest provider of business and investment structures and restructures. Trusted by thousands of professional advisers with in-house legal team oversight and market-leading technology
• Information Brokers Pty LtdcoreTechnology or IntegrationISO 27001-2013 certified provider of IB Edge system for accountants and legal firms. Offers cloud storage integration, pre-fill mechanisms, and comprehensive business intelligence services
• Business API Pty LtdcoreTechnology or IntegrationProvider of RESTful API integration for all ASIC and ATO business registration services. Offers APIs for company registration, deregistration, registered agent services, ABN registration, and data validation

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Emerging players

• Computershare: Global corporate services provider whose Governance Services arm delivers the Global Entity Management System (GEMS) and is an EDGE-only ASIC system provider. Computershare is a core integration partner and comparable mid-market enterprise compliance platform.
• Information Brokers Pty Ltd: ISO 27001-2013 certified provider of the IB Edge system serving accountants and legal firms with cloud storage integration and pre-fill mechanisms for ASIC lodgements. Information Brokers is a core integration partner that channels high-volume professional lodgements through ASIC infrastructure.
• BGL Corporate Solutions: Australia's leading cloud ASIC Corporate Compliance platform (CAS360) used by 6,000+ clients worldwide. BGL is a core integration partner of ASIC via the EDGE system and represents a leading example of private RegTech intermediating ASIC compliance workflows.
• Diligent: Provider of Diligent Entities (formerly Blueprint), an industry-leading entity governance platform with 250,000 users across 1,500+ clients in 140+ countries. Diligent is a core integration partner and represents the global benchmark for entity governance interoperability with registries such as ASIC.
• Acis: Australia's largest provider of business and investment structures, trusted by thousands of professional advisers. Acis is a core integration partner with in-house legal team oversight and represents a major channel through which ASIC compliance obligations are operationalised for advisers.

Broad incumbents

• Australian Taxation Office (ATO): Australia's federal tax administrator that, like ASIC, operates national digital portals for business registration (ABN), lodgement, and compliance. ATO shares overlapping small-business and corporate compliance constituencies and partners with similar digital service providers.
• U.S. Securities and Exchange Commission (SEC): U.S. federal securities regulator with analogous authority over public companies, securities markets, and certain financial services activities. The SEC operates EDGAR, a public filing and registry system that parallels ASIC's public register function.
• UK Financial Conduct Authority (FCA): The UK's conduct regulator for financial services firms, overseeing AFS licensing analogues, breach reporting, and regulatory portals. The FCA provides a cross-jurisdictional reference point for ASIC's RegTech and innovation hub initiatives.

Direct peers

• UK Companies House: The UK's registrar of companies, providing company incorporation, business name registration, statutory filing, and public register search services. Companies House is the closest international analogue to ASIC's company registry and digital lodgement functions.
• Australian Transaction Reports and Analysis Centre (AUSTRAC): Australia's anti-money-laundering and counter-terrorism financing regulator. AUSTRAC shares ASIC's role in regulating financial services entities and operates analogous digital compliance and reporting infrastructure for entities under its jurisdiction.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/asic

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Business Research and Innovation Initiative