VIC Industry Development Fund

VIC Industry Development Fund

  • $20M funding pool
  • Matched Grant Funding
  • Building strength within the Government’s five priority sectors
    • Advanced Manufacturing
    • Health and Medical sectors
    • Circular Economy
    • Digital Technology
    • Agribusiness

With a $20M funding pool, this initiative aims to support eligible businesses with high growth potential across advanced manufacturing, health and medical sectors, circular economy, digital technology, and agribusiness. By collaborating with commercial lenders, the fund will facilitate the establishment of loan facilities to empower innovative Victorian start-ups and scale-ups.

Key Requirements

Stay tuned for more updates.

Reach out to our team today to get ahead of this grant opportunity.

What is eligible for funding?

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Reach out to our team today to get ahead of this grant opportunity.

What companies are eligible for funding?

Stay tuned for more updates.

Reach out to our team today to get ahead of this grant opportunity.

Is this grant competitive or entitlement based?

Competitive. Your application will be assessed among other applications by a judging panel.

How can I increase my chances of winning this grant?

By engaging an accredited government grants consultant, such as Avant Group.

Competitive grants often require significant business case development and project analysis to support the application, this may include detailed presentations supporting the project’s merit, projected sales, cost-benefit analysis and more.

As part of your engagement with Avant Group, your account manager will assess the required documents and will provide the following as needed to support your grant submission.

Grant application writeup including a detailed presentation illustrating how the grant funding will contribute to your project, how the funding will contribute to the project’s budget, a project milestone plan, delivery timeline, impact on employment if applicable and a breakdown of the management and leadership team for the project

  • Industry analysis presentation
  • Competitor Analysis Presentation
  • Marketing and Sales Analysis Presentation
  • 3-5 year Cashflow Forecast
  • 3-5 year Balance Sheet Forecast
  • Cost-Benefit Analysis of Grant Funding
  • End-to-end grant application including information collating, analysis and application writing
  • CAPEX (Capital Expenditure) cost-benefit analysis
  • Stakeholder relations and Risk Mitigation Plans
  • Any other relevant forecasting that will support your application

How can I get help with my application? Or know if I’m likely to win funding?

Avant Group offers a no-obligation assessment of your eligibility for funding and will assess your likelihood of a successful grant application.