Sector Growth Program

Up to $1M is available from the Sector Growth Program to help consortium of two or more organisations to cover up to 50% of costs for projects which will create new jobs and help Victorian businesses grow.

Sector Growth Program

Government Grant Specialist

Call 1300 658 508

 

Sector Growth Program

The Sector Growth Program provides grant funding for Victorian-based projects that align with Future Industries Sector Strategies

The Sector Growth Program comprises two funding streams:

  • Stream 1 – Scoping, Planning and Feasibility
  • Stream 2 – Project Implementation

 

Case Studies

Future Industries Fund Grant Consultant

In November 2015, Bulletpoint assisted Harry & Larry’s Ice-cream secure $1,200,000. Based in Brunswick, Harry & Larry’s manufacture a range of specialty ice creams.

The  grant will see 30 new jobs created and investment in a factory expansion with custom engineered production lines, including the latest freezing technology, to make a range of gourmet ice creams and desserts in complex shapes and layers.

 

Next Generation Manufacturing Investment Programme

In March 2014, Bulletpoint assisted Cottage Cheese Farm secure $765,000. Based in Glenroy, Victoria, Cottage Cheese Farm is a speciality cheese manufacturer making mainly Haloumi, Ricotta and Mozzarella cheeses.

They received funding to assist with construction of a $6M purpose built cheese and yoghurt manufacturing facility. The project will allow them to expand current operations and introduction of new product lines.

Bulletpoint has assisted a number of clients secure manufacturing grants. Check out more case studies.

 

Objectives

The Sector Growth Program provides grant funding for projects designed to support the Future Industries Sector Strategies. Specifically, projects that will:

  • drive growth, productivity and competitiveness of Victorian firms;
  • encourage collaboration between organisations operating in the future industry growth sectors;
  • leverage co-investment into projects with clearly defined outputs/outcomes;
  • create new sustainable local jobs for Victorians; and
  • offer value for money from Government funding.

 

Future Industries Sector Strategies

The sector growth fund has been developed to support  8 core sectors:

  • New Energy Technologies
  • Food and Fibre
  • Transport Technologies
  • Defence Technologies
  • Construction Technologies
  • International Education and
  • Professional Services

 

Funding

Stream 1 – Scoping, Planning and Feasibility

Grants of up to $100,000 are available for scoping, planning and feasibility studies to investigate growth opportunities for Victorian businesses.

Stream 2 – Project Implementation

Grants of up to $1 million are available to implement projects aligned with the Future Industries Sector Strategies that will generate new jobs and increase competitiveness of Victorian businesses.

All grants must be matched by a minimum cash co-contribution of $1 for every $1 granted.

 

Eligible Projects

Stream 1 – Scoping, Planning and Feasibility

Projects that may be funded in Stream One include:

  • Technology road mapping
  • Supply chain analysis
  • Sector capability and opportunity audits
  • Economic impact analysis
  • Pathways to market strategies
  • Feasibility studies.

Stream 2 – Project Implementation

Projects that may be funded in Stream Two include:

  • Investment in shared infrastructure solutions
  • Piloting new technologies (demonstration plant/equipment)
  • Establishing consolidated industry capability.

 

Eligible Applicants

Applications for either stream of the Sector Growth Program must be submitted on behalf of a consortium of organisations. Each consortium must:

  • comprise at least three organisations, including a lead applicant organisation, whose principal place of business is in Victoria or with a significant business presence in Victoria;
  • include at least one Victorian Small to Medium Enterprise (SME); and
  • be able, as a consortium, to meet the co-contribution requirement.

Applications for both streams may be submitted at any time. Applications must clearly and succinctly describe the project, its objectives, anticipated outcomes, any infrastructure requirements, and include relevant supporting documentation.

 

Government Grant Specialist

Call 1300 658 508

 

More Information

 

Recipient

A world-first scanner – manufactured right here in Victoria – will provide four-dimensional respiratory analysis to better diagnose and treat lung conditions.

Visiting Monash University in Clayton today, Minister for Industry and Employment Wade Noonan was given a first look at the new technology which will soon be delivered to medical research hospitals around the world.

For the first time, clinicians will be able to capture images that give a highly-detailed look at the motion and airflow within breathing lungs – at a lower cost and at lower radiation levels.

This will provide doctors with a better picture of lung diseases, helping them to intervene earlier and make better decisions.

The Andrews Labor Government’s Sector Growth Program has provided funding support to a consortium – made up of 4Dx Limited, Hydrix and Monash University – to invest in a $2.4 million pre-clinical scanner project.

It will create 56 new jobs – including highly-skilled roles in design, engineering, research and development.

The consortium hopes to unlock new markets for 4Dx technology manufactured in Victoria.

The first two scanners will be delivered to the United States by the end of this year – with a further three units to be supplied to other world-leading hospitals by the end of 2018.

The project is expected to generate at least $6.7 million in export revenue over a two year period.

The Sector Growth Program provides grants of up to $1 million to support Victoria’s future industries. The medical technologies and pharmaceuticals sector alone employs more than 20,000 people and generates $10 billion in revenue.

2018-04-16T07:39:36+00:00April 16th, 2018|