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Future Industries Sector Growth Program

Up to $1 million available to undertake Victorian based projects aligned with the Future Industries Sector Strategies.

Program Overview

Grants of up to $1 million are available to undertake Victorian based projects aligned with the Future Industries Sector Strategies, that will create new jobs and drive growth, productivity and competitiveness of Victorian businesses.

Read the revised Sector Program Guidelines - May 2018 (PDF 138.4 KB)PDF icon

Applications for the Sector Growth Program will close at midnight on Wednesday 13 June 2018. 

Begin Stream 1 Application

Begin Stream 2 Application

Open a saved application 

At a glance

Value

Grants of up to $100,000 are available for Stream 1 and $1 million for Stream 2.

Eligibility

You must first contact a Victorian Government representative through your local Victorian Government Trade and Investment Office. For contact details please call Business Victoria on 13 22 15.

More eligibility criteria

To get the best results, contact a Victorian Government representative through your local Victorian Government Business Office. For contact details, please call Business Victoria on 13 22 15.

Victoria's Future Industries 

The Victorian Government has identified a number of priority sectors that have potential to create high-skill, high wage jobs: 

These include medical technologies and pharmaceuticals, new energy technologies, food and fibre, transport technologies, defence technologies, construction technologies, international education and professional services.

Sector strategies have been developed to support these including the following:

  • Medical Technologies and Pharmaceuticals
  • New Energy Technologies
  • Food and Fibre
  • Transport Technologies
  • Defence Technologies
  • Construction Technologies
  • International Education 
  • Professional Services.

The Sector Growth Program supports eligible projects that align with one or more of these sector strategies. Specifically, projects that will:

  • drive growth, productivity and competitiveness of Victorian businesses
  • encourage collaboration between organisations operating in the future industry priority sectors
  • leverage co-investment into projects with clearly defined outputs/outcomes
  • create Victorian based jobs and offer value for money from Government funding.

Eligibility criteria

For Stream 1, applicants must:

  • be an incorporated entity with an Australian Business Number (ABN) 
  • have at least two years trading history
  • have its principal place of business in Victoria or have a significant business presence in Victoria
  • have sufficient dedicated resources to manage the grant.

For Stream 2, applicants must:

  • be an incorporated entity with an Australian Business Number (ABN)
  • have at least two years trading history
  • have its principal place of business in Victoria or have a significant business presence in Victoria;
  • have sufficient dedicated resources to manage the grant
  • be authorised to lead and facilitate activities supported by the grant on behalf of the other consortium members
  • be clearly accountable for the reporting and validation of project outcomes, including the number of new jobs delivered.

For further information on the eligibility criteria, read the Sector Program Guidelines - May 2018 (PDF 138.4 KB)PDF icon

What you get

There are two funding streams:

Stream 1 – Scoping, Planning and Feasibility

Grants of up to $100,000 are available for scoping, planning and feasibility studies to investigate growth opportunities for Victorian businesses.  Projects that may be funded in Stream 1 include:

  • road mapping
  • supply chain analysis
  • sector capability audits
  • economic impact analyses
  • feasibility studies
  • sector opportunity analysis
  • pathway to market strategy.

Stream 2 – Project Implementation

Grants of up to $1 million are available to implement projects aligned with the Future Industries Sector Strategies that will generate new jobs and increase competitiveness of Victorian businesses. Projects that may be funded in Stream 2 include:

  • shared infrastructure solutions
  • piloting new technologies, such as demonstration plant/equipment
  • establishing consolidated industry capability.

All grants must be matched by a minimum cash co-contribution of $1 for every $1 granted.

Assessment of applications

Applications for the Sector Growth Program will close at midnight on Wednesday 13 June 2018.

All applications will be checked for compliance against:

  • eligibility of the lead applicant, including at least two years trading history
  • eligibility of the consortium members (Stream 2 only)
  • indication of co-contribution availability
  • demonstrated ability to deliver project as described
  • financial viability of the project – able to be delivered against the proposed budget
  • clear alignment with sector strategies and priorities under the strategies.

Assessment of project merit

All compliant applications will be assessed by an assessment panel against each of the assessment criteria. Proposals must score highly against all criteria to be recommended for support.

Assessment criteria:

Stream 1

1. Alignment with relevant sector strategy/ies and potential to deliver broad sector benefits

  • alignment with the relevant Future Industries priority sector
  • potential to meet priority need/s of the relevant Future Industries Sector Strategy/ies
2. Demonstrated need for the project 
  • potential to build on existing competitive advantage
  • potential to encourage investment
  • potential to deliver innovation and/or productivity improvements

3. Demonstrated capacity and/or capability to successfully implement the project 

  • identified human and other resources required to deliver the proposed project
  • identified approach for sector engagement
  • full project budget, including details of co-contribution/s

4. Value for money, emphasising need for Government support

  • impact of the grant on the project’s viability, size, timing, location and payback period
  • extent to which the project would go ahead without the grant

Stream 2

1. Alignment with relevant sector strategy/ies and potential to deliver broad sector benefits

  • alignment with the relevant Future Industries priority sector
  • potential to meet priority need/s of the relevant Future Industries Sector Strategy/ies 
  • potential to deliver benefits that will grow the broader sector.

2. Economic benefits the project will bring to Victoria 

  • contribution of the project to the State’s economy, including through:
    • number of new jobs reasonably likely to result from this project 
    • potential exports
    • potential import replacements
    • potential new investment.

3. Demonstrated capacity and/or capability to successfully implement the project

  • evidence of consortium member/s participation
  • identified human and other resources required to deliver the proposed project
  • identified role and contribution of consortium partner/s
  • identified project risks and strategies to manage them
  • full project budget, including details of co-contribution/s.

4. Value for money, emphasising the need for Government support

  • impact of the grant on the project’s viability, size, timing, location and payback period
  • extent to which the project would go ahead without the grant
  • justification of the grant investment against project outcomes – sector growth, job retention/growth, exports, import replacements – over the longer term.

What you need to have before applying

Read or download the following before applying.

How to apply

Applications for both streams may be submitted online at any time before midnight on Wednesday 13 June 2018.

Applicants will be required to provide financial documentation demonstrating their trading history over at least the preceding two financial years.

Full instructions for preparation of applications to both streams are set out in the application templates. 

Stream 1 – Scoping, Planning and Feasibility

Applicants need to:

  • complete the Stream 1 online application form
  • complete and attach the Stream 1 Project Proposal template to the online application form
  • attach financial reports for the last two financial years to enable the Department of Economic Development, Jobs, Transport and Resources (DEDJTR) to conduct a financial risk assessment (FRA).

Stream 2 – Project Implementation

Applicants need to:

  • complete the Stream 2 online application form
  • complete and attach the Stream 2 Project Proposal template to the online application form
  • attach financial reports for the last two financial years to enable the Department of Economic Development, Jobs, Transport and Resources (DEDJTR) to conduct a financial risk assessment (FRA).

Assessment of applications and any decision to approve funding are at the discretion of the Department.

Sector Program Guidelines - May 2018 (PDF 138.4 KB)PDF icon

Sector Growth Program Stream 1 Application Template - April 2018 (DOCX 212.07 KB)DOCX icon 

Begin Stream 1 Application

Sector Growth Program Stream 2 Application Template - April 2018 (DOCX 157.63 KB)DOCX icon 

Begin Stream 2 Application 

Open a saved application 

Frequently Asked Questions

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