The Victorian government has invited expressions of interest for its 'Made in Victoria – Industry R&D Infrastructure Fund'.
The $15 million fund will provide matched grant funding of between $250,000 and up to $2 million to eligible businesses in Victoria, to invest in new or enhanced R&D infrastructure.
The grants will support new infrastructure and sophisticated equipment such as measurement instruments, testing equipment, imaging and sensing technologies, and clean room facilities. They will be open to businesses that perform R&D as part of their operations.
The fund will also help accelerate projects in new energy, health technology, food manufacturing, defence and aerospace, and advanced technology – key sectors identified in the Government’s Made in Victoria: 2030 Manufacturing Statement.
To lift business investment in R&D, the fund aims to complement existing initiatives such as the Australian Government’s R&D Tax Incentive.
This initiative also aims to enable high-quality collaboration and mutually valued research between industry, universities and/or research providers and supply chains by supporting R&D infrastructure.
The program guidelines are available online with expressions of interest open until 18 August 2023.