Victorian Gov encourages food companies to apply for innovation funding

Posted by Andrea Hogan on 22nd January 2018

Victorian food businesses are being encouraged to apply for new government funding set to boost innovation in the industry.

The Victorian State Government is investing AUD $14.5 million in new funding to support businesses to become more productive, employ more people, improve market access and increase their scale, diversity and profitability.

Businesses in the food value chain are a priority for this new initiative.

From 29 January 2018, Victorian businesses in the agriculture and food sector can apply for one of four voucher streams, including Food Innovation Vouchers.

Two types of Food Innovation Vouchers are available:

  • Up to $10,000 for early stage feasibility and testing
  • Up to $50,000 for process innovation, product development and research and development

Vouchers can be used to access facilities, services, advice or expertise from approved service providers such as food and fibre research centres and relevant CSIRO, university and industry facilities.

Businesses must be a small to medium enterprise in the agriculture and food value chain with an operating presence in Victoria to apply.

Voucher applicants will automatically be registered as members of the Food Innovation Network, an online network linking industry with innovation services and capabilities to drive innovation and problem-solving.

More information about the Food Innovation Vouchers can be found at www.business.vic.gov.au/foodinnovation

 

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