Industries for Today and Tomorrow
Industries for Today and Tomorrow facilitates the development of regionally-based businesses with high growth potential and encourages new industry investment in regional locations.
Targeting businesses that make a major contribution to regional economic output, support will be targeted around activity that addresses:
- business growth through new investment, adoption of new technology and innovation
- market development
- regional industry skills.
Eligibility
Industries for Today and Tomorrow targets regionally-based businesses, or businesses considering a regional location, making a significant economic and employment contribution at local (e.g. town), regional and or state level.
Eligible businesses will exhibit high growth potential as a result of:
- investment projects resulting in job creation and capital investment
- demonstrated innovative capacity or potential through its use of advanced technology, skills and leading edge business processes and practices
- demonstrable export market development opportunities
- potential to occupy a strategic position within local, regional or global industry structures or supply chains
- operating in an industry sector of regional comparative advantage.
The Program will primarily target medium to large businesses that make a significant contribution to regional economic output, building on regional strengths and comparative advantage.
Groups of companies and other organisations such as industry associations, education and research institutions are also eligible to apply provided the basis of their application is the development and growth of regional businesses.
Applications will be received throughout the year on an ongoing basis. Businesses and organisations applying for support under the Program will be required to meet with a Regional Development Victoria representative to discuss eligibility and their future business growth objectives.
Program guidelines describing the Industries for Today and Tomorrow Program are being revised and will be available soon.
Delivery
The program is implemented by the Department of Business and Innovation.