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Future Industries

Building a stronger Victoria.


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:

Download our  Medical Technologies and Pharmaceuticals Sector Strategy (PDF 944.98 KB)PDF icon

Accessible strategy: Medical Technologies and Pharmaceuticals Sector Strategy (DOCX 449.14 KB)DOCX icon

Download our New Energy Technology Strategy (PDF 1063.5 KB)PDF icon

Accessible strategy: New Energy Technology Strategies (DOCX 349.78 KB)DOCX icon

Download our Food and FIbre Strategy (PDF 1028.64 KB)PDF icon

Accessible strategy: Food and Fibre Strategy (DOCX 55.26 KB)DOCX icon

Download our  Transport Technologies Strategy (PDF 851.56 KB)PDF icon

Accessible strategy: Transport Technologies Strategy (DOCX 53.74 KB)DOCX icon

Download our  Defence Strategy (PDF 826.76 KB)PDF icon

Accessible strategy: Defence Strategy (DOCX 57.3 KB)DOCX icon

Download our  Construction Technologies Strategy (PDF 1111.54 KB)PDF icon

Accessible strategy: Construction Technologies Strategy (DOCX 65.9 KB)DOCX icon 

Download our  International Education Strategy (PDF 4378.67 KB)PDF icon

Accessible strategy:International Education Strategy (DOCX 175.98 KB)DOCX icon  

Download our  Professional Services Strategy (PDF 565.71 KB)PDF icon

Accessible strategy: Professional Services Sector Strategy (DOCX 50.86 KB)DOCX icon   

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.

Sector Growth Program Fact Sheet (PDF 67.68 KB)PDF icon

Sector Growth Program Guidelines (PDF 98.04 KB)PDF icon

Visit the Sector Growth Program

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:

Fact Sheet - New Energy Fund (PDF 84.78 KB)PDF icon

Accessible Fact Sheet - New Energy Fund (DOCX 46.24 KB)DOCX icon

Visit the New Energy Jobs Fund

Manufacturing Program

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:

Future Industries Manufacturing Fact Sheet (PDF 62.99 KB)PDF icon

Future Industries Manufacturing Program Guidelines (PDF 94.18 KB)PDF icon

Accessible Fact Sheet and Program Guidelines coming soon.  

Visit the Future Industries Manufacturing Program

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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