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What is the Priority Investment Program?
The Priority Investment Program is an initiative which aims to support projects that attract investment, sustainable jobs and growth opportunities to the ACT.
Background
In March 2022, the ACT Government launched CBR Switched On which outlines the Territory’s economic development priorities to 2025. In addition to creating a city of wellbeing, liveability and sustainability, this mission-led strategy brings a commitment to facilitating investment, supporting innovation and developing an entrepreneurial ecosystem.
The Priority Investment Program provides funding for projects that are partnerships between industry, businesses and tertiary education and research institutions to attract investment, sustainable jobs and growth opportunities within the ACT knowledge economy.
Funding
A total of $3.5 million is available for competitive and discretionary funding programs over two years from 2022-2024.
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Eligible Projects
Funding is available for proposals can demonstrate outcomes including:
- creation of sustainable jobs for the Territory’s workforce
- attraction and retention of investment and talent into the ACT’s knowledge-based industries, with activity concentrated in the ACT
- establishment or deepening of innovation and collaboration between industry, higher education and research and ACT Government to deliver infrastructure and pathways to unlock latent and new opportunities
- development of new business growth opportunities for the ACT’s knowledge-based economy.
Eligible Applicants
To be eligible, projects must:
- be partnerships between industry, businesses and tertiary education and research institutions
- clearly demonstrate matched partner cash contributions.
Applications will be accepted from:
- ACT organisations
- research institutions
- tertiary education institutions.
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Timing
Applications close 3 March 2023.
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