Overview

Up to $50,000 is available from the Boost Your Business Voucher Program to help businesses to increase profitability, become more productive and employ more people.

 

Boost Your Business Voucher Program

The Victorian Government launched the Boost Your Business Voucher Program (BYB) in December 2017 to support Victorian businesses to become more productive, employ more people, improve market access and in general, increase their size, diversity and profitability.

 

Main Areas

Boost Your Business 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.

 

Background

Boost Your Business funds Victorian businesses through distinct streams targeted at Victorian Government policies and strategies. Funding is provided through Vouchers and is available to projects that support the Boost Your Business objectives. Individual funding streams have additional objectives and requirements. Further information on all Voucher service activities is listed in Section 2 of the Guidelines.

Projects funded through a Boost Your Business Voucher are growth orientated activities undertaken by the Recipient that, by using the expertise of a Registered Service Provider, will assist the Recipient to become more productive, employ more people, create market access and in general increase their scale and profitability.

Boost Your Business voucher funding is not for ‘business as usual’ activity and the Applicant is required to articulate how their proposed project is likely to lead to these longer-term goals

 

Objectives

The three overarching objectives of the Boost Your Business Voucher Program 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.

 

Voucher Streams

The Boost Your Business services will be provided to Victorian SMEs under one or more of the following Boost Your Business voucher streams:

  • Advanced Manufacturing
  • Asia Gateway
  • Defence, Aerospace and Security
  • Entrepreneurs with Disability
  • Food Innovation
  • Social Enterprise Capability
  • Victoria Israel Innovation

 

Funding

Boost Your Business vouchers are capped at a maximum value of $50,000 (exclusive of GST). For example, if the total cost of services is $125,000, the Voucher will cover the maximum, $50,000. The remaining $75,000 must be covered by the Applicant.

 

What is a Voucher?

A Boost Your Business voucher can be used by businesses to access services, advice, or expertise provided by Registered Service Providers.

Boost Your Business vouchers are issued in the name of the Applicant company (the Recipient), have no cash value and are non-transferable, they are only payable to the selected Registered Service Provider. Except where otherwise stated, Vouchers are provided on a cash co-contribution basis, where Recipients contribute at least 50% of the service cost.

Payment up to the face value of the Boost Your Business voucher (plus GST) are made by the Department to the Service Provider upon the successful completion of work.

Boost Your Business voucher applications are administered through rounds with defined open and close dates. Applications are assessed on a competitive basis

 

Eligible Projects

Projects funded through a Boost Your Business Voucher are growth orientated activities undertaken by the Recipient that, by using the expertise of a Registered Service Provider, will assist
the Recipient to become more productive, employ more people, create market access and in general increase their scale and profitability.

Boost Your Business voucher funding is not for ‘business as usual’ activity and the Applicant is required to articulate how their proposed project is likely to lead to these longer-term goals.

 

Eligible Activities

Advanced Manufacturing Stream

  • Manufacturing Voucher – Projects that will increase the development and adoption of new or improved products and advanced manufacturing processes:
    • Process Innovation
    • Product Development
    • Intellectual Property
  • Enhancing Manufacturing Capability Voucher – Projects that will increase the adoption of new or improved capability, business models and business processes.:
    • Business Process and Systems Improvements
    • Financial Management Planning
    • Industry Standards Implementation & Certification
    • Tender Guidance
    • Marketing and Branding Strategy
    • Market Development Plan
  • Fastrack to Export Voucher – Projects that will increase the number of Victorian manufactures entering new export markets and securing global supply chain opportunities:
    • Marketing and Branding Strategy (international)
    • Market Development Plan (international)
    • In-Market Support (international)
    • Intellectual Property (export related)

Asia Gateway Stream

Eligible services under the Asia Gateway Voucher stream come under the overarching umbrella of Market Engagement which will assist companies and organisations to identify and secure Asian market development and export opportunities. Services activities may include:

  • Marketing and Branding Strategy Development
  • Market Development Plan
  • In-Market Support

Service activities are only eligible for the State’s top Asian trading partners, which include:

  • China
  • Hong Kong
  • India
  • Indonesia
  • Japan
  • Malaysia
  • Singapore
  • South Korea
  • Taiwan
  • Thailand
  • Vietnam

Defence, Aerospace and Security

  • Innovation – Projects that will increase the development and adoption of new or improved products and advanced manufacturing processes:
    • Process Innovation
    • Product Development
    • Intellectual Property
    • Early stage feasibility & testing
    • Research & Development
  • Business capability– Projects that will increase the adoption of new or improved capability, business models and business processes:
    • Business Process and Systems Improvements
    • Business Transformation
    • Financial Management Planning
    • Industry Standards Implementation and Certification
    • Tender Guidance
    • Marketing and Branding Strategy
    • Market Development Plan
  • Market Engagement – Projects that will increase the number of Victorian manufactures entering new export markets and securing global supply chain opportunities:
    • Marketing and Branding Strategy (international)
    • Market Development Plan (international)
    • In-Market Support (international)
    • Intellectual Property (export related)

Entrepreneurs with Disability Stream

Voucher funding is available towards an eligible business capability project under the following service types:

  • product development
  • intellectual property
  • early stage feasibility and testing
  • research and development
  • business process and systems improvements
  • business transformation
  • financial management planning
  • industry standards implementation and certification
  • tender guidance
  • marketing and branding strategy
  • market plan development
  • prepare for and attract investment.

Food Innovation Stream

Eligible organisations can apply for a Food Innovation Voucher for the service activities listed below:

  • Early stage feasibility and testing
    • initial feasibility plans
    • stress-testing of early concepts
    • identifying and mapping pathways between businesses and innovation service providers (e.g. a research institute).
  • Process innovation, product development, research, market positioning and labelling
    • product testing, validating, prototyping and verification
    • automating existing processes or operations and streamline internal processes
    • consumer science, research and testing of new product design
    • small volume production to test commercial viability of new hardware, technology or products.
  • Prepare for and attract investment
    • business plan to allow potential investors to understand the opportunity.
    • Preparing for investment by documenting financial arrangements, ownership/tax structures, legal aspects and governance arrangements for potential investors.
    • Development of prospectus materials to assist in delivering the pitch or proposition to the investor.

Social Enterprise Capability Stream

Eligible organisations can apply for a Voucher under this Stream for the service activities listed below:

  • Business Capability
    • Business Process and Systems Improvements
    • Business Transformation
    • Financial Management Planning
    • Industry Standards Implementation & Certification
    • Tender Guidance

Victoria Israel Innovation Stream

  • Market Engagement
    • Marketing and Branding Strategy (international)
    • Market Development Plan (international)
    • In-Market Support (international)
  • Innovation
    • Process Innovation (local or international)
    • Product Development (local or international)
    • Research & Development (local or international)

 

Eligible Applicants

Companies

  • Be a legally structured business registered in Victoria with an Australian Business Number (ABN
  • Meet any co-contribution requirements with eligible cash expenditure
  • Meet all industrial relations obligations as an employer in accordance with the National Employment Standards
  • Have an operating presence in Victoria
  • Employ at least 20 FTE (full-time equivalent) staff or have an annual turnover of greater than $1.5 million (preference will be given to Applicants that employ less than 200 people)
  • Conduct the majority of proposed activities in Victoria in partnership with a Registered Service Provider
  • Agree to participate in future program evaluation activity.

Trust Structures

  • An Incorporated Trustee can apply on behalf of a Trust provided that the Trustee will remain sufficiently liable for the performance of any agreement it signs
  • Comply with the criteria as set out for Companies under items b) to g)

Partnerships

  • The individual Partners may apply on behalf of a Partnership provided that the Partners will remain sufficiently liable for the performance of any agreement they sign
  • Comply with the criteria as set out for Companies under items b) to g)

 

Timing

Applications for Round 3 of Boost Your Business close 12 May 2019.

 

Apply

Speak to the service provides below to discuss your project

 

More Information

 

Round 2 Recipients

Advanced Manufacturing Voucher Stream

  • All Table Sports Australia
  • Australian Precision Technologies
  • Bendigo Pottery (Australia)
  • CDS Worldwide
  • Chocolate Kitchen
  • Coolpac
  • Cornerstone Solutions
  • EDP Australia
  • Effusiontech
  • Elastomers Australia Equal Access
  • Gale Pacific
  • IXL Systems
  • Joolca
  • Kerfab Industries
  • K-Mac Powerheads
  • Mountain Milk Co-operative
  • Nexdor Systems
  • Palm Plastics
  • Repeat Plastics Australia
  • Serenity Bedding
  • Setec
  • Smartech Door Systems
  • Suzanne Harward Design
  • Swanbuild
  • Syncline Energy
  • Terra Firma Industries
  • Tieman Tankers
  • Vitasoy Australia Products
  • Vivid industrial
  • Volgren Australia
  • Wilson Transformer Company
  • XBlades Sports Australia

Asia Gateway Voucher Stream

  • Access Australia
  • Aspect Studios
  • Beechworth Honey
  • Billi Australia
  • Brown Brothers Milawa Vineyard
  • Carman’s Fine Foods
  • Crush Wine Distribution
  • Cutri Fruit
  • EasyPark ANZ
  • Endota Spa
  • Football Federation Victoria
  • Formulytica
  • Harvest Box
  • Kikki.K. Holdings
  • Lyndoch Living
  • Madame Flavour
  • Marnong Estat
  • Martin & Pleasance Wholesale
  • Massons Healthcare
  • Meat Tender
  • Murray River Organics
  • Natio
  • Ore Research & Exploration
  • Picnic Dairy Foods
  • Rubicon Systems Australia
  • Shadowfax Winery
  • St Kilda Football Club
  • Tennis VictoriaThe Healthy Grain
  • ViPlus Dairy
  • Way Funky Company

Food Innovation Voucher Stream

  • ARM Farming
  • Australian Blending Company
  • Australian Eatwell
  • Australian Pumpkin Seed Company
  • Bakers Delight Holdings
  • Blackwood Lane
  • Blue Bay Cheese
  • Borthwick Foods Retail
  • Cookie Concepts
  • Floridia Cheese
  • Forbidden Foods
  • Forth Farm Produce
  • FPC Foods Plastics
  • Gippsland Jersey
  • Heritage Fine Chocolates (Aust)
  • Innovablend
  • Jolly Miller
  • Jujube Australia
  • Kagome Australia
  • Kyvalley Dairy
  • Mountain Milk Co-operative
  • Mulgowie Fresh
  • My Crazy Auntie’s Food
  • Omar Cheese
  • Orora Beverage Cans Australasia
  • ProPortion Foods
  • Ridley Agriproducts
  • Rutherglen Brewery and Distillery
  • Southern Grains
  • Table of Plenty
  • The Product Makers (Aust)

Social Enterprise Voucher Stream

  • AND Institute
  • Asylum Seeker Resource Centre
  • Australian African Foundation for Retention and Opportunity
  • Barefoot Pathways Transitional Training Centre
  • Brite Services
  • Centre for Education and Research in Environmental Strategies (CERES)
  • Clickability
  • Dumu Balcony Café
  • Geelong Ethnic Communities
  • Good Shepherd Microfinance
  • Guide Dogs Victoria
  • Hepburn Wind
  • Indigenous Employment Partners
  • Fighting Chance Australia (Jigsaw)
  • Lentil as Anything
  • Mackillop Family Services
  • Martial Arts Therapy
  • Open Food Services
  • Preston Neighbourhood House
  • Reach Enterprises
  • Social Enterprise Catering Solutions
  • Springvale Learning and Activities Centre
  • Start Broadband
  • The Horizon Committee
  • Transition Village Wallan
  • Yooralla
  • Youth Projects

Defence, Aerospace and Security Voucher Stream

  • Australian Maritime Technologies
  • Cablex
  • Clarinox Technologies
  • Doen Pacific
  • LRM Technologies
  • Red Baron ALSE
  • RMR Engineering
  • Tieman Tankers
  • Towers
  • Uniform Safety Signs

Victoria-Israel Innovation Voucher Stream

  • InWenTech
  • Scinogy

 

Round 1 Recipients

Advanced Manufacturing Voucher Stream

  • Air Radiators
  • ANCA
  • Andatech
  • Boron Molecular
  • Brimarco
  • Composite Materials Engineering
  • Crawford Containers
  • Effusiontech
  • Fallshaw Holdings
  • Interlink Sprayers
  • Javac
  • Maclab Australia
  • Medical Developments International
  • Milawa Cheese Company
  • Morse Wind Turbine Parts
  • Padula Serums
  • Palm Plastics
  • Rectifier Technologies Pacific
  • RMR Engineering
  • Snooza Pet Products
  • Total Beauty Network

Asia Gateway Voucher Stream

  • Amino Active International
  • Andatech
  • Aware Environmental
  • Burra Foods
  • CaseWare Australia & New Zealand
  • Creswick Woollen Mills
  • Downunder Recreational Tours
  • Grunbiotics
  • Kingfisher International
  • Lincara
  • MIG Textiles
  • Nourish Foods
  • Purebaby
  • Riverland Bar
  • Royal Mail Hotel
  • Silvan Australia
  • Skin Health
  • The Heat
  • The Royal Agricultural Society of Victoria
  • UniGrain
  • WattleHealth Australia

Food Innovation Vouchers

  • 8 Food
  • Australian Organic Honey Company
  • Bio-E Australia
  • Christie Centre
  • Corrigans Produce Farms
  • Diver Foods Australia
  • Floridia Cheese
  • Halcyon Proteins
  • Kansom Australia
  • Kez’s Kitchen
  • Koala Cherries
  • Kyvalley Dairy
  • Lake Boga Pastoral
  • Madame Flavour
  • Marathon Food Industries
  • Mirfak
  • Nutrifield
  • Omniverse Foster Packaging
  • Robins Foods
  • Rosella
  • Schreurs & Sons
  • Select Harvests
  • Sonic Essentials
  • The Product Makers
  • Tiverton
  • Tiverton Agriculture Impact Fund
  • Yarra Valley Gourmet Foods
  • YV Fresh

Social Enterprise Capability Vouchers

  • 10XL
  • Ability Works Australia
  • Access Australia
  • Earthworker Cooperative
  • Free To
  • Good Cycles
  • Green Collect
  • Guide Dogs Victoria
  • HoMie Street Store
  • Ladder
  • Learmonth Cider
  • Mallee Rising
  • Momentary
  • Outlook (Vic)
  • SisterWorks
  • Spectrum Migrant Resource Centre
  • St Kilda Community Housing
  • Streat
  • The Centre for Continuing Education
  • The Social Foundry
  • Try Australia
  • Westgate Community Initiative
  • Young Change Agents