Grants in VIC

The Victorian Government's $60 million Manufacturing and Industry Development Fund - Business Competitiveness Program is open to small to medium sized enterprises (SMEs) that require support to expand their manufacturing operations and continue on their growth trajectory.

The Enabling Tourism Fund – Competitive Round will accelerate high-potential tourism initiatives through the explorative and market-testing phase and facilitate projects towards investment-ready status.

The program supports investment in gender equity initiatives that aim for lasting systemic change and eliminating barriers for women’s participation in STEM education and careers, and entrepreneurship, building on the Australian Government’s Advancing Women in STEM strategy and the Women in STEM Decadal Plan, which was developed by the Australian Academy of Science and Australian Academy of Technology and Engineering.

The Manufacturing Translation Stream provides businesses with funding to support projects that translate high quality research into commercial outcomes and support businesses to scale-up and be more competitive and resilient. It provides co-funding to support businesses to adopt new technologies and improve their manufacturing processes to boost productivity and competitiveness.

The Breakthrough Victoria Fund - Catalyst for Change investment stream addresses the funding gap between a minimum viable product and meeting market need. It invests in commercial entities that have demonstrated some early market traction and have tested market need and alignment.

The Breakthrough Victoria Fund - Creating the Pipeline investment stream will invest in businesses or entities with early-stage ideas for the development of prototypes, proof-of-concept trials, market validation and creation of minimum viable products. It will help bridge the critical funding and knowledge gaps between ideas and their commercialisation.

The Breakthrough Victoria Fund - Foundational Technology & Platform Projects investment stream will invest in enabling technologies, research platforms and infrastructure with cross-sector application to provide a springboard for start-ups and scale-ups in emerging industries.

The Breakthrough Victoria Fund - Catalyst for Growth investment stream will ensure that the capability and experience generated from an expanding (in revenue and market) entity will remain in Victoria to uplift other aspiring businesses and innovators, including development of a skilled workforce, increased commercialisation experience, and access to mentors. Ensuring the majority of operations remain in Victoria will generate significant jobs and local economic benefit.

The $1 billion funding aims to invest in emerging low-emissions technology in order to fully decarbonise the Australian economy and achieve net-zero emissions by 2050.