Victorian Future Industries Fund

Overview

Should you wish to receive the latest updates on the Future Industries Fund round developments and information, please submit a Notice of Intent as soon as possible.

On 17 March 2016 the Victorian Government launched the Future Industries Sector Strategies, together with the Sector Growth Program. The $200 million Future Industries Fund is focused on industry sectors that have the potential to drive significant jobs growth and attract investment into the future:

Medical Technologies and Pharmaceuticals
New Energy Technology
Food and Fibre
Transport Technologies
Defence Strategy
Construction Technologies
International Education
Professional Services

Funding can be applied for under one of the following programs:

$5 million Future Industries Manufacturing Program
$20 million New Energy Jobs Fund
$20 million Sector Growth Program.

Sector Growth Program

Provides grant funding for Victorian-based projects that align with future industries sector strategies. The program comprises two funding streams: up to $100,000 is available for scoping, planning and feasibility studies, and up to $1 million is available to implement projects aligned with the future industries sector strategies that will generate new jobs and increase competitiveness of Victorian businesses.

All grants must be matched by a minimum cash co-contributions of $1 for every $1 granted. Applications for either stream of the Sector Growth Program must be submitted on behalf of a consortium of organisations that includes at least one Victorian Small to Medium Enterprise (SME).

New Energy Jobs Fund

The $20 million New Energy Jobs Fund will support Victorian-based projects that create long-term sustainable jobs, increase the uptake of renewable energy generation, reduce greenhouse gas emissions and drive innovation in new energy technologies.

Funding to support new energy technology projects will be available through three annual grant rounds. Up to $5 million was available for round one which is now closed.

Manufacturing Program

Grants for up to $500,000 are now available under the Manufacturing Program to assist companies to implement new manufacturing technologies and processes that will provide a critical foundation for growth. All grants must be matched by a minimum cash co-contribution of $3 for every $1 granted.

How to apply

The University recognises that Vic Future Industries Fund applications will be led by our industry partners and the RIC Major Initiatives team will provide support to University researchers in reviewing the details of an application as well as ensuring that the appropriate University sector lead has been contacted to ensure alignment with existing government engagement activities.

If you are part of a consortium intending to apply for funding under one of the three programs, please submit an NOI as soon as possible.