Grants in Medical, Pharmaceuticals & Healthcare

The Industry R&D Infrastructure Fund will encourage businesses in Victoria to invest in new or improved R&D infrastructure to support the expansion of Victoria’s R&D capability across important industry sectors and increase company R&D spending. The funding with grants up to 50% of project costs, ranging from $250,000 to $2 million can benefit a business, an industry, or both. However, it must demonstrate how the project will increase Victoria’s business expenditure on R&D in the medium to long term.

The program focuses on investing and supporting the commercialisation and development of early-stage biomedical discoveries.

The $30 million Future Industries Investment Program is a competitive grant program that provides uncapped funding for projects with matched investments of at least 50 per cent or eligible businesses that can create at least 20 full-time equivalent (FTE) jobs in NSW.

The National Reconstruction Fund Corporation (NRFC) provides debt finance, equity finance, and guarantees to businesses with strong proposals in priority sectors. Established by the Australian Government, the NRFC aims to enhance the flow of finance into these areas to diversify and transform Australia's industry and economy.

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 - 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 $107 million Supply Chain Resilience Initiative (SCRI) that was established to be part of the Australian Government’s $1.5 billion Modern Manufacturing Strategy. This grant aims to strengthen Australia’s ability to access critical products and inputs, better enabling us to respond to future supply chain disruptions.