Boost Your Business
Up to $50,000 available, applications close 22 Dec 2019.
How It Works
The Victorian Government Department of Jobs, Precincts and Regions (DJPR) has established Boost Your Business Vouchers to support Victorian businesses to become more productive, employ more people, improve market access and in general, increase their scale, diversity and profitability.
These vouchers have the following value, Up to $50,000* under the Food Innovation Stream. Up to $10,000 for early stage feasibility and testing vouchers in the Food Innovation Stream. If you are eligible for the $10,000 there is an in kind co-contribution required. However if you are eligible for the $50,000 voucher you must be capable of co-contributing a matching cash investment.
Vouchers are used by Victorian businesses or organisations in exchange for services that will build their capabilities in three main areas:
Market Engagement – services to assist companies and organisations to identify and secure international market development and export opportunities.
Innovation – services to assist companies to develop or commercialise new products and improve process innovation.
Business Capability – services to assist companies to position them to support future growth.
Applicants must meet the following criteria to be eligible for assistance under the program:
a) be a business registered in Victoria with an Australian Business Number (ABN)
b) meet any co-contribution requirements with eligible cash expenditure
c) be a legal entity
d) meet all industrial relations obligations as an employer in accordance with the National Employment Standards
e) have an operating presence in Victoria
f) employ 10 or more people and have a turnover of $500k. For larger grants the company must employ between 20-200 staff or have an annual turnover of greater than $1.5 million
g) Conduct the majority of proposed activities in Victoria in partnership with an approved Service Provider
h) Agree to participate in future program evaluation activity.
More information is also available at the Boost Your Business website.