Industry R&D Infrastructure Fund
Opening date: 6 July 2023
Closing Date: 18 Aug 2023
Funding: up to 50% of Eligible project expenditure (min $250,000, max $2 mil)
Timeframe: max 12 month project
The Victorian government has launched the Industry R&D Infrastructure Fund to support research and development (R&D) activities. This initiative offers financial grants to businesses and organisations in Victoria, helping them establish or expand R&D infrastructure. By enhancing capabilities and encouraging collaboration, the program aims to drive innovation and economic growth in the state.
Eligibility:
- Over 20 employees
- Turnover of between $1.5mil – 100 mil
- Victorian business
Activities:
- Acquiring advanced equipment
- Constructing specialised facilities
- Creating innovation hubs
This enables companies to accelerate R&D, develop new products, improve competitiveness and foster collaboration and knowledge-sharing.
Victoria’s priority industries:
- new energy technologies, including wind, hydrogen, solar and batteries
- health technologies, including medtech, biotech, pharma and consumer healthcare
- food manufacturing and agriculture
- defence, aerospace and space
- digital and advanced technologies, including advanced materials, robotics, AI (Artificial Intelligence), 3D-printing, and quantum technologies
Reach out to us here if you would like help with an application.
