On 17 March 2016 the Victorian Government launched the Future Industries Sector Strategies, together with the Sector Growth Program.
Future Industries Fund
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:
Accessible strategy: Medical Technologies and Pharmaceuticals Sector Strategy (DOCX 449.14 KB)Download our New Energy Technology Strategy (PDF 1063.5 KB)
Accessible strategy: New Energy Technology Strategies (DOCX 349.78 KB)
Download our Food and FIbre Strategy (PDF 1028.64 KB)
Accessible strategy: Food and Fibre Strategy (DOCX 55.26 KB)
Download our Transport Technologies Strategy (PDF 851.56 KB)
Accessible strategy: Transport Technologies Strategy (DOCX 53.74 KB)
Download our Defence Strategy (PDF 826.76 KB)
Accessible strategy: Defence Strategy (DOCX 57.3 KB)
Download our Construction Technologies Strategy (PDF 1111.54 KB)
Accessible strategy: Construction Technologies Strategy (DOCX 65.9 KB)
Download our International Education Strategy (PDF 4378.67 KB)
Accessible strategy:International Education Strategy (DOCX 175.98 KB)
Download our Professional Services Strategy (PDF 565.71 KB)
Accessible strategy: Professional Services Sector Strategy (DOCX 50.86 KB)
Sector Growth Program
The 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).
Find out more about the program and eligibility in the Fact Sheet and Program Guidelines below.
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. Round one closed on 16 March 2016 with 24 projects awarded grant funding. Details on the successful projects will be advised shortly.
The second and third grant rounds are expected to open late 2016 and 2017. Find out more about the program and eligibility in the Fact Sheet below:
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.
Find out more about the program and eligibility in the Fact Sheet and Program Guidelines below:
Accessible Fact Sheet and Program Guidelines coming soon.
The Future Industries Ministerial Advisory Council
The Victorian Government established a Ministerial Advisory Council to help develop the Future Industries Fund initiative. The members include:
- David Bartlett (Chair), former Premier of Tasmania
- Nixon Apple, Alternate Director, Australian Super
- Jeff Connolly, Chairman and Chief Executive Officer, Siemens group, Australia Pacific region
- Gabrielle Coyne, Former Chief Executive Officer, Penguin Random House Asia Pacific
- Professor Linda Kristjanson, Vice-Chancellor, Swinburne University of Technology
- Dr Leonie Walsh, Lead Scientist Victorian Government
- Justin Hanney (Ex officio member) Lead Deputy Secretary, Department of Economic Development, Jobs, Transport and Resources.
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