>Launch Vic Initiative – Funding for large and small Start Ups and “Launch Hubs”
Round 1 Applications open 11 April, 2016
First round applications closed 6 May but more will follow
LaunchVic is a Victorian Government initiative to support startups and entrepreneurs.
This funding round is comprised of two components focused on small ideas and large ideas.
The first small funding round will support initiatives or projects up to $100,000 that build startup infrastructure in areas that are currently underdeveloped such as regional areas, social entrepreneurship and diversity.
See Launch Vic funding guidelines for more information
Large ideas will focus on collaboration between different organisations that can include startups, investors, universities, multinational enterprises, large and small firms, business advisors, vocational education providers, research institutions, industry associations and government organisations.
See Launch Vic funding guidelines for more information
LaunchVic is also encouraging submissions around the notion of ‘Launch Hubs’ that will work together cohesively to build capability and competitiveness of startups and growth firms within a clearly defined community. A wide range of stakeholders and service providers across Victoria will be encouraged to engage with Launch Hubs.
Launch Hubs will also be expected to engage locally, nationally and internationally to enhance and forge new collaborations, drive services across the ecosystem and create new and robust networks.
Each Launch Hub will incorporate the activities and services of at least one high quality accelerator or incubator program.
A co-working facility alone will not be sufficient to satisfy this requirement.
How to apply
Applications should be submitted through the LaunchVic Website (launchvic.org) by completing the online form and attaching relevant documents.
The following provides guidance on the approximate timelines for the funding round.
- Funding round opened - 11 April, 2016
- First funding round closed - 6 May, 2016 but more will follow
- Assessment process and announcement - May, 2016
>Sector Growth Program
$20million Jobs Boost and Blueprint for Growth
Just announced March 2016, this program builds on the Future Industries plans from the Victorian government and makes available grants of up to $1m per project.
Two types of grants are available.
1. Scoping, planning and feasibility studies:
Projects that will be considered for funding under Stream 1 of the program will focus on scoping, planning and feasibility studies directed at identifying opportunities aligned with the Future Industries Sector Strategies. Funding of up to $10,000 is available. Eligible activities can include:
- Road mapping
- Supply chain analysis
- Sector capability audits
- Economic impact analyses
- Feasibility studies
- Sector opportunity analysis
- Pathway to market strategy
2. Project implementation:
Projects that will be considered will focus on the implementation of projects aligned with the Future Industries Sector Strategies that enhance the applicants’ and the sectors’ growth, productivity and competitiveness. Funding of up to $1 million will be available for projects in Stream 2. All funding must be matched by a minimum cash co-contribution of $1 for every $1 funded. Projects are to be completed within two (2) years of the negotiation of a suitable grant agreement. Relevant activities include but are not limited to:
- Shared infrastructure solutions
- Piloting new technologies, such as demonstration plant/equipment
- Establishing consolidated industry capability.
To be eligible for either stream, applications must be submitted on behalf of a consortium with a lead applicant which can be either private sector businesses; not for profit organisations, such as educational or health institutions, Victorian local government authorities; Victorian public sector agencies.
For full details of the program and eligibility criteria see the information at Business Victoria
>Local Industry Fund for Transition, Melbourne's North (LIFT)
The State Government has implemented this program, offering grants of up to $2 million to buinesses based in the North. The fund replaces the established Melbourne's North Innovation and Investment Fund (MNIIF) and supports projects that create sustainable jobs and economic activity. Eligible project expenditure may include: purchase of equipment or machinery to assist business establishment or expansion, direct labour costs, construction or fit-out of a new building or extension to existing premises. There is a cash co-contribution of $3 for every $1 granted. Preference will be given to projects that create jobs for local workers facing retrenchment due to the closure of automotive manufacturing operations.
Read more about the programme on the Fact Sheet or submit an expression of interest.
>New Energy Jobs Fund
The $20 million New Energy Jobs Fund will support Victorian-based projects that create long-term sustainable jobs, increase the uptake of renewable energy generation, reduce greenhouse gas emissions and drive innovation in new energy technologies.
Funding to support new energy technology projects will be available through three annual grant rounds. Up to $5 million is available for round one which isnow open and will close on 16 March 2016.
The second and third grant rounds are expected to open early in 2016 and 2017.
Find out more about the program and eligibility in the Fact Sheet and Program Guidelines.
>Future Industries Manufacturing Program
The Victorian Government has established the $200 million Future Industries Fund to support six high-growth sectors that have potential for extraordinary economic growth - to create jobs and attract investment in Victoria.
- Grants of up to $500k per business called for. Grants of less than $100k will not be accepted.
Have the ability to meet the co-contribution requirement ($3 for every $1 granted)
The program provides grants of up to 25 per cent of eligible project expenditure, with a maximum grant of $500,000. Applicants will need to demonstrate how the project outcomes justify the grant investment.
Eligible project expenditure includes the following activities relating to the proposed project:
Capital expenditure and other project-related non-capitalised expenditure (but does not include vehicles, internal costs or salaries)
- Manufacturing product and process improvements (including significant improvements in technical specifications; components and materials; software in the project; user friendliness or other functional characteristics; and/or new or significantly improved production or delivery methods)
- Prototyping, evaluation and testing of new products and manufacturing processes
- Supply chain capability development
- Training specific to the technology (external costs only)
- Labour and contractors (but does not include internal salaries)
- Manufacturing machinery and equipment, (for example, repurposing state-of-the-art automotive manufacturing equipment), or
- Minor building alterations and fit-out costs
- Impact of the Project on Employment and Skills
- The Level of Economic Benefit the Proposed Project will bring to Victoria
- The Demonstrated Skills, Experience and Resources Available to the Business to Successfully Undertake the Project
- Value for Money
- Need for Government Support.
>Victoria's Automotive Transition Plan
Towards Future Industries: Victoria's Automotive Transition Plan
The Victorian Government has announced its $46.5 million Towards Future Industries: Victoria's Automotive Transition Plan to help businesses, workers and communities affected by the closure of automotive manufacturing operations to meet the challenges ahead and capitalise on emerging opportunities.
Assistance for businesses:
The Government has established the new $5 million Automotive Supply Chain Transition Program to support Victorian automotive supply chain companies affected by the closure of passenger vehicle manufacturing in Victoria.
Assistance of up to $65,000 will be provided to eligible supply chain companies to help guide them through this period.
The funding will help companies develop a transition plan to identify new opportunities and target sectors and markets, and provide assistance to pursue those opportunities.
Find out more or apply for Automotive Supply Chain Transition Program.
Automotive Transformation Scheme
– applications close 31 December 2016
This Federal scheme aims to encourage competitive investment, innovation and economic sustainability in the Australian automotive industry. Applications are open to
- Australian Motor Vehicle Producers (MVPs)
- Australian Automotive Component Producers (ACPs)
- Australian Automotive Machine Tool and Automotive Tooling Producers (AMTPs) and
- Australian Automotive Service Providers (ASPs).
Participants can claim assistance for:
- 50% of the value of eligible investment in Research and Development
- 15% of the value of eligible investment in Plant and Equipment and
- allowable production of motor vehicles, engines and engine components for local and export markets (Motor Vehicle Producers only).
Registered participants will receive quarterly cash payments.
Eligibility criteria apply, see full details at business.gov
The Next Generation Manufacturing Investment Programme
– applications closed 18 April 2016.
The Next Generation Manufacturing Investment Programme supports eligible businesses to bring forward capital investment projects, that will help them to establish or expand their high value manufacturing operations.
Round two applications closed 18 April 2016 and are currently being assessed.
The program is due to run for 5 years until 2019 with more funding rounds to follow. To stay updated go to Business.gov Next Generation Manufacturing Programme or call AusIndustry on 132846.
Other Grant Opportunities
Find a grant for your business on the Business Victoria portal or with the Federal Government's grant finder there are hundreds of grants available for businesses to take advantage of.
Ph: 8470 8344