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Boost Your Business

Boost Your Business Vouchers support Victorian businesses to become more productive, employ more people, improve market access and increase their scale, diversity and profitability.

Program Overview 

The Department of Economic Development, Jobs, Transport & Resources (DEDJTR) has established Boost Your Business Vouchers to support Victorian businesses to become more productive, employ more people, improve market access and in general, increase their scale, diversity and profitability.

Round 2 of Boost Your Business closed Monday 16 July 2018.

 Boost Your Business Voucher Program Guidelines (PDF 411.52 KB)PDF icon

At a glance

Potential assistance
Each Voucher Recipient may be able to receive up to:
  • $50,000 under the Advanced Victorian Manufacturing Stream
  • $50,000 under the Asia Gateway Stream
  • $50,000 under the Defence, Aerospace and Security Stream
  • $50,000* under the Food Innovation Stream
    • *Up to $10,000 for early stage feasibility and testing vouchers
  • $25,000 under the Social Enterprise Capability Stream
  • $50,000 under the Victoria Israel Innovation Stream
Eligibility
Applicants must meet the following criteria to be eligible for assistance under the program:

a)    be a business registered in Victoria with an Australian Business Number (ABN);
b)    meet any co-contribution requirements with eligible cash expenditure;
c)    be a legal entity;
d)    meet all industrial relations obligations as an employer in accordance with the National Employment Standards;
e)    have an operating presence in Victoria;
f)    employ between 20-200 staff or have an annual turnover of greater than $1.5 million (preference will be given to Applicants that employ less than 200 people)*;
g)    Conduct the majority of proposed activities in Victoria in partnership with an approved Service Provider; and
h)    Agree to participate in future program evaluation activity.

*Applicants should refer to the program guidelines for the specific program eligibility criteria. For example, the Social Enterprise Capability Stream does not require a minimum annual turnover or employment of 20 or more staff.

Overview

The three overarching objectives of Boost Your Business Vouchers are to:

•    Increase the number of Victorian businesses entering new export markets and securing supply chain opportunities;
•    Increase the number of Victorian Businesses developing and commercialising new products and services through research and development and generating  improved productivity through process innovation;
•    Improve the capability of Victorian businesses to accelerate growth and realise new opportunities.

In the longer term, the Boost Your Business Vouchers will help grow the Victorian economy by supporting the following outcomes:

•    Victorian businesses are inventive, responsive and diverse, with increased levels of business innovation and business diversification;
•    Victoria creates and diffuses knowledge through research, collaboration and commercialisation, leading to increased R&D spending and  economic return from research and innovation;
•    Victoria is a desired source of exports and a destination for foreign investment;
•    Victoria’s business environment is competitive and provides confidence, including through increased  market access;
•    Victorians are adaptive, knowledgeable and entrepreneurial, leading to increased knowledge and skills and extended entrepreneurship.

What you get

Vouchers are used by Victorian businesses or organisations in exchange for services that will build their capabilities in three main areas:
  • Market Engagement – services to assist companies and organisations to identify and secure international market development and export opportunities.
  • Innovation – services to assist companies to develop or commercialise new products and improve process innovation.
  • Business Capability – services to assist companies to position them to support future growth.
These services will be provided to Victorian SMEs under one or more of the following voucher streams:

Tips and hints

SMEs must obtain a quote from a Registered Service Provider.

Boost Your Business FAQs (PDF 427.39 KB)PDF icon 

Registered Service Provider Update - Thursday 8 February

Registered Service Providers

Registered Service Providers are able to assist you to undertake a Voucher supported project and prepare a scope of works to support your application.

Please note that the information provided in these lists may be subject to change. 

Boost Your Business Service Provider Guide (PDF 192.96 KB)PDF icon 

Registered Service Providers unable to attend the program briefing can view the Boost Your Business Voucher program presentation (PDF 7384.62 KB)PDF icon.  

How to apply

Round 2 of Boost Your Business closed Monday 16 July 2018.

Successful recipients

Boost Your Business Round 1 Voucher Recipients (PDF 432.72 KB)PDF icon

Boost Your Business Round 2 Voucher Recipients (PDF 453.24 KB)PDF icon

Asia Gateway Voucher Stream

The Asia Gateway Voucher Stream helps Victorian businesses and organisations develop the capabilities and connections they need to access and expand into Asian markets.

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Social Enterprise Capability Voucher Stream

Supporting Victorian Social Enterprises to build and develop their business capabilities

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Advanced Manufacturing Voucher Stream

The Advanced Manufacturing Voucher stream provides up to a total of $6 million available to help Victorian manufacturers innovate, build scale and grow export capability.

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Food Innovation Voucher Stream

The Food Innovation Voucher Stream is a initiative of the Victorian Government that helps companies access the know-how needed to innovate, diversify, improve productivity and take new and innovative products to market.

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Victoria Israel Innovation Voucher Stream

Victoria Israel Innovation Vouchers are available to Victorian businesses to develop their innovative technology products with Israeli business partners and for the Israel market.

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Defence, Aerospace and Security Voucher Stream

Support for Victorian small and medium sized enterprises (SMEs) to win domestic and international defence and national security supply chain work.

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To get the best results, get in touch with the Business Victoria hotline on 13 22 15 or email us.
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