It’s free to join the Victorian Chamber Community!

Sign up and receive the latest business news and updates, opportunities to network and shape Advocacy from Victoria’s largest and most influential partner.

It’s free to join the Victorian Chamber Community!

New fund for industry innovation

A new research and development (R&D) fund has been established to help Victorian industry innovate, create new products and compete internationally.

JUMP TO:
JUMP TO:

The $15 million Made in Victoria - Industry R&D Infrastructure Fund will provide matched grant funding of between $250,000 and $2 million for eligible businesses to boost their R&D infrastructure.

The program will support new R&D infrastructure projects aligned to Victoria’s priority industries as identified in the 2030 Manufacturing Statement, including:

  • new energy technologies, including wind, hydrogen, solar and batteries
  • health technologies, including medtech, biotech, pharma and consumer healthcare
  • food manufacturing and agriculture
  • defence, aerospace and space
  • digital and advanced technologies, including advanced materials, robotics, AI (Artificial Intelligence), 3D-printing, and quantum technologies.

The fund will complement existing initiatives such as the Commonwealth Government’s R&D tax incentive and will foster stronger connections between industry and research organisations, including Victoria’s leading universities.

Minister for Industry and Innovation Ben Carroll said: “We’re backing cutting-edge research and development because we know that innovations discovered here in Victoria help to grow businesses and create jobs.”

“We want to make it easier for Victorian businesses to invest in research and development because we know it will deliver major benefits for our economy for years to come.”

Eligibility

The Industry R&D Infrastructure Fund is open to businesses that provide R&D services and that have identified key research and development equipment/infrastructure that will support their R&D activities and anchor their operation in Victoria.

The program provides grants of up to 50 per cent of eligible project expenditure with all grants (between $250,000 and $2 million) requiring a minimum 1:1 co-contribution from the business.

Businesses must employ at least 20 full-time equivalent staff or have an annual turnover between $1.5 to $100 million.

Successful applicants will need to complete the project activities within 12 months or negotiate project timelines beyond 12 months on a case-by-case basis.

More information and applications can be found via the Industry R&D Infrastructure Fund page.

Memberships for wherever you are in business

Hard times. Good times. Crunch time. Growth time. We’re here to support you at all those pivotal times in your business life. We’ve now tailored our range of memberships to fit wherever you are in business – today and well into the future.

Memberships for wherever you are in business

Restricted Page

You are being redirected to our login page!