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The Victorian Government recently announced a $200 million Future Industries Fund

Submitted on Thursday, 20th July 2017

The Victorian Government recently announced a $200 million Future Industries Fund to support high growth industry sectors that are critical to securing Victoria’s future as a competitive, innovative and outward looking economy. The Government has identified six industry sectors that have potential for extraordinary economic growth and the capacity to create high-skill, high wage jobs. These include:

• Medical Technologies and Pharmaceuticals

• New Energy Technologies

• Food and Fibre

• Transport, Defence and Construction Technologies

• International Education

• Professional Services.

The Future Industries Fund will support companies in these sectors to compete in the global marketplace through three separate grant programs. These are: • The Manufacturing Program • The Sector Growth Program • The New Energy Jobs Fund. Companies can apply for grants to support projects that create new jobs and stimulate.    Grants of up to $500,000 are available under the Manufacturing Program to assist companies to implement new manufacturing technologies and processes that will provide a critical foundation for growth.    

Further details are available at http://www.business.vic.gov.au/support-for-your-business/future-industries.   For information on how the Victorian Chamber can assist you with this, please call 03 8662 5172 or email: fta@victorianchamber.com.au

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