Technology Adoption and Innovation Program VIC


The Technology Adoption and Innovation Program provides small to medium enterprises with funding to help them adopt or develop new digital and innovative technology projects.

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What do you get?

Funding of up to $50,000.

Who is this for?

Victorian small to medium enterprises.

Overview

There are 2 streams of funding:

Stream 1 – SME technology and digital adoption

  • grants of up to $50,000 for 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 technology companies to implement defined projects to develop commercial technology or digital products.

What are the eligibility criteria?

To be eligible, your business must:

  • be a legal entity
  • operate and be located within Victoria
  • hold an Australian business number (ABN) and have held that ABN at 1 September 2020
  • be registered for goods and services tax (GST) on 1 September 2020
  • employ between 5 full-time equivalent (FTE) and 200 FTE staff at 1 September 2020
  • commit to a minimum of $20,000 (GST exclusive) towards eligible project expenditure and match any grant funding on a 1:1 basis
  • have met all industrial relations obligations as an employer in accordance with the National Employment Standards.

How do you apply?

Find out more about eligibility and how to apply at Technology Adoption and Innovation Program.

Contact information