"The research project will have duration of 6 -12 months and...

"The research project will have duration of 6 -12 months and will cost approximately $200,000. The cost includes payments to RMIT and the supply of products by JAT to be used in the research project. JAT has two grants from the Australian Government Department of Industry, Science, Energy
and Resources Innovation Connections to assist in funding the cost of the research project. Details of the grants, which amount to slightly less than 50% of the cost of the research project, can be viewed at https://www.grants.gov.au"

The maximum grant appears to be $50,000, which could be argued is closer to 25% of $200,000 than being "slightly less than 50%". (IMO / DYOR!)

Current Grant Opportunity View - GO113: GrantConnect (grants.gov.au)
Entrepreneurs' Programme - Innovation Connections Grant
Estimated Grant Value (AUD):

From $1.00 to $50,000.00