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Industry R&D fund launched


By Tina Seirlis

With recent data suggesting there are over 3000 businesses in Moorabool, it must then be welcome news to hear that grant funding has just become available via the newly opened Made in Victoria – Industry R&D Infrastructure Fund.

The grant program which opened on 6 July, is available to businesses that undertake research and development as part of their operations, with funding available to accelerate projects in food manufacturing and agriculture, health technology, new energy technologies, and other sectors which can be read about in the program guidelines.

Supported business investment should relate to R&D, inclusive of enhanced R&D infrastructure, collaborative research, strengthening supply chains, and strengthening capability in emerging areas of innovation.

Grant funding of between $250,000 and up to $2million is available to eligible businesses who employ at least 20 people, or have an annual turnover from $1.5 to $100million. Applicants will need to be able to match the amount they are seeking dollar for dollar.

To find out more about the program and submitting an expression of interest by the 18 August deadline, visit Business Victoria and search for the Industry R&D Infrastructure Fund.