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Circular economy grants launch

28 February 2023

The Victorian Government’s Circular Economy Business Innovation Centre (CEBIC) has launched for more than $4.8 million in funding to stimulate innovation and commercialisation of circular solutions.

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From February 28, applications for two funds are available through CEBIC for business and other organisations to explore the opportunities and benefits of a circular economy and contribute to Victoria’s circular economy transition.

These include:

1. Circular Economy Innovation Fund

This aims to support collaborative projects that focus on the research and development of new/ innovative market solutions that apply circular design to: prevent, minimise or eliminate waste and pollution, and/or keep products and materials in use at the highest value.

Grants of $50,000 to $400,000 are available, including co-contributions.

2. Circular Economy Business Support fund

This aims to increase the uptake of circular solutions by supporting projects that identify, commercialise and scale market solutions that: prevent, minimise or eliminate waste and pollution, and/ or keep products and materials in use at the highest value.

Grants of $50,000 to $1,000,000 are available, including co-contributions.

These grants are focused on achieving outcomes of:

  • Creation of new circular products and services.
  • Increase employment through direct creation of jobs
  • Increase capacity to extend the useable life of products
  • Reduced greenhouse gas emissions
  • Improve capacity of industry for acting on sustainability.

Interested parties can view the guidelines and criteria, with an information session to come on March 15.

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