Future Industries Fund
This fund supports six high-growth sectors that have potential for extraordinary economic growth - to create jobs and attract investment in Victoria.
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.
Objectives of Program
The Fund is a statewide program available to businesses in regional Victoria that focuses on Government working to help develop priority high growth industry sectors that are critical to securing Victoria’s future as a competitive, innovative and outward looking economy. The Victorian Government has identified six priority sectors that have potential for extraordinary economic growth and the capacity to create high-skill, high wage jobs.
- medical technologies and pharmaceuticals
- new energy technologies
- food and fibre
- transport, defence and construction technologies
- international education
- professional services.
The Future Industries Fund will support companies in these six high growth industry sectors to compete in the global marketplace through three separate grant programs. These are the:
Companies can apply for grants to support projects that create new jobs and stimulate industry investment.
Grants for up to $500,000 are now available under the Manufacturing Program to assist companies to implement new manufacturing technologies and processes that will provide a critical foundation for growth. All grants must be matched by a minimum cash co-contribution of $3 for every $1 granted.
Find out more about the Manufacturing program and view the program guidelines.
Future Industries Sector Strategies
Concentrating on these high growth industry sectors, the Government has developed six sector strategies that outline where investment facilitation, grants and other programs will be focused over the next 10-years, in partnership with industry, to create new jobs and maximise economic growth. View and download the sector strategies