Technology Adoption and Innovation program
The $5 million Technology Adoption and Innovation Program aims to provide support to eligible Victorian small to medium-size enterprises (SMEs) to onboard innovative technologies or develop innovative, new and commercial technology by co-contributing funding support for projects.
Under both streams each successful SME will be required to contribute a minimum of $20,000 (GST exclusive) towards eligible project expenditure. Both Streams will provide grants on a 1:1 co-fund basis between the company and government respectively.
Who is Eligible:
be an eligible legal entity
operate a business located within Victoria
hold an (ABN) and have held that ABN at 1 September 2020
The program contains two streams of financial assistance:
Stream 1 – SME technology and digital adoption: Grants of up to $50,000 for Victorian SMEs to adopt technology or digital solutions to improve their processes and productivity and support their future growth.
Stream 2 – Innovative, commercial technology development: Grants of up to $50,000 for Victorian technology companies to implement defined projects to develop commercial technology or digital products.
Closing Date:
Applications open: 31 March 2021
Applications close: 19 April 2021
Program reporting: 4 months, 8 months, 12 months
Program end: 30 June 2022
What you get:
Grants between a minimum $20,000 and a maximum $50,000