What is the Recycling Victoria Innovation Fund?
The Recycling Victoria Innovation Fund is a program that supports innovative circular economy opportunities for businesses in Victoria.
These opportunities are aligned to the principles of:
- designing out waste
- maintaining product and material value over a longer period of time.
Recycling Victoria is a ten-year policy and action plan to transform how our economy uses materials. The policy will assist business to generate less waste through:
- innovation and design
- using recycled materials in products
- considering impacts across product life cycles
- exploring new circular economy business models.
This will create value for Victorians through increased access to:
- circular economy products and services
- new local jobs
- increased circular economy skills in the workforce.
There are two streams within the Innovation Fund:
- Stream 1: Food Innovation (Grant amount per project: $75,000 to $150,000)
For collaborative partnerships that identify opportunities and apply innovative circular economy business models and practices for food waste or for the food sector
- Stream 2: Collaborative Innovation (Grant amount per project: $150,000 to $450,000)
For collaborative partnerships that identify, develop and/or scale-up innovative circular economy business models and practices. The projects need to address systemic barriers with innovative thinking and practice.
The Innovation Fund will support collaborative partnerships about innovative and commercial solutions that deliver the following for Victoria:
- increased access to circular economy products and services for businesses and consumers
- increased materials efficiency across sectors and supply chains
- increased duration of product and material lifecycles and maintenance of product and material value
- new circular business models and/or materials markets
- new local jobs and increased circular economy skills in the workforce
- reduced materials to landfill and other waste destinations
- reduced greenhouse gas emissions and pollution.
For Stream 1: Food Innovation, the project must deliver on at least one of the following:
- reduce food waste (for example, ingredients, food products)
- redistribute food to people to prevent waste
- make new products from food waste (for example, plant-based textiles, vitamin supplements, ingredients and meals, animal feed).
Other requirements for both Streams 1 and 2 include:
- the project must start by August 2021 and be completed by May 2024
- more than 50% of project activities must be in Victoria.
The projects may be focused on:
- improved capacity and investment in circular economy initiatives
- implementation of circular economy business models
- improved take-up and adaptation of digital technologies
- design-led changes to achieve circular outcomes
- material efficiency and productivity.
The application must include at least two organisations.
In such a group application (known as ‘collaborative partnership’), the main organisation responsible for delivering the project is the lead applicant, and the others are the project partners.
To be the lead applicant, you must be one of the following:
- industry group
- research institution
To be a project partner, you can be from the above categories or one of these:
- other not-for-profit organisations
- local government.
You must also:
- co-contribute $1:$1 (as a minimum)
- have a current Australian Business Number (ABN)
- have operated for at least two years
- agree to share the project findings with the broader Victorian community
- provide evidence of a collaborative partnership
- agree to comply with the Funding Agreement Terms and Conditions and Terms of Participation in Grant Programs.
Applications close 15 February 2021.