Future Industries
Future Industries
The Victorian Government has created the Future Industries Fund to support investment in high growth industries. It is focused on securing Victoria’s economic success, while supporting the transition of Victoria’s economy and future growth.
A range of Future Industry Sector strategies have been developed by the Government, in discussion with businesses, research organisations, industry groups, unions and independent experts. These strategies will contribute to guiding the government’s investment and activity.
The Priority Sectors Include:
- Medical technologies and Pharmaceuticals
- New energy technologies
- Food and Fibre
- Defence technologies
- Construction technologies
- Transport technologies
- International education
- Professional services
It is estimated that 30,000 new jobs in the priority sectors have been created in Victoria since March 2016.
$15 million of grants have been given directly to Victorian Businesses while more than $180 million of the Fund has been allocated to specific initiatives and programs.
How to apply
When applying there is a two-stage application process you need to go through. This includes the following:
- Expression of interest, followed by
- An invitation by the Department to submit a formal application.
Expressions of interest can be submitted at any time, however Formal applications will only be accepted within 90 days of an invitation to apply.
To find out more about the Future Industries Fund click here
The Victorian Government Future Industries Fund has been designed to create jobs today, which will contribute to growing industries of tomorrow.
Contact Morris on 1300 4 MORRIS today and talk to one of our finance specialists to see how we can assist your business.
