VIC Industry Development Fund (Opening mid-2025)

$20 million funding pool
Funding aimed at increasing productivity for Victorian manufacturing businesses in the government’s five priority sectors:
- Advanced Manufacturing and defence
- Health technologies and medical research
- Circular Economy
- Digital Technologies
- Agribusiness

With a $20 million funding pool, this initiative aims to support eligible Victorian business with high growth potential through grants, which will turbocharge the government’s five priority sectors. The fund will open by mid-2025.

Key Requirements

Be a Victorian business operating in one of the government’s five priority areas:

Advanced Manufacturing and defence

Health technologies and medical research

Circular Economy

Digital Technologies

Agribusiness

Be able to provide matched funding, expected to be on a 2:1 ratio based on previous rounds, however matched funding requirements are still to be confirmed.

What is eligible for funding?

Full eligibility guidelines are yet to be released, however funding will be aimed at improving productivity, not generating employment.

Based on previous funding rounds, we expect grants of $50K-$250K to be available.

It is likely funding will be available for capital investment projects, however this will be confirmed once the fund’s guidelines are released.

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.

This grant is open

Apply for this grant below:

OR