Boost Your Business Voucher Program – Advanced Manufacturing StreamOverview
This program seeks to support the development and adoption of new or improved capability, products, business models and processes and/or the entering of new export markets and securing of global supply chain opportunities. It is one of the funding stream of the Victorian government's Boost Your Business Voucher Program to support Victorian businesses to become more productive, employ more people, improve market access and in general, increase their scale, diversity and profitability.
The objectives of this stream are to:
- Increase the development and commercialisation of new products and advanced manufacturing processes by Victorian manufacturers.
- Increase the adoption of new or improved capability, business models and business processes by Victorian manufacturers.
- Increase the number of Victorian manufacturers entering new export markets and securing global supply chain opportunities.
There are three types of voucher available:
- Market engagement
- Business capability
Vouchers of up to $50,000 are available (exclusive of GST). Applicants must contribute a minimum of 50% of the total costs of services. Up to two vouchers are available for each recipient.
A total funding pool of up to $6 million is available for this stream.
Eligible applicants must meet the eligibility criteria as described in Section 3.1 of the Guidelines and in addition must be:
- Currently engaged in manufacturing or the manufacturing supply chain, or be able to demonstrate a genuine commercial connection to the manufacturing supply chain.
- For service activities that specifically relate to international or in-market support, it is understood that these activities may occur outside of Victoria.
Please refer to the Guidelines for the general eligibility requirements.
Eligible activities include:
1. Fastrack to export (Marketing engagement)
- Marketing and branding strategy (international)
- Market development plan (international)
- In-market support (international)
- Intellectual property (export related)
2. Manufacturing innovation (Innovation)
- Process innovation
- Product development
- Intellectual property
3. Enhancing manufacturing capability (Business capability)
- Business process and systems improvements
- Financial management planning
- Industry standards implementation and certification
- Tender guidance
- Marketing and branding strategy
- Market development plan
The main assessment criteria include:
- Extent to which the proposed project and identified service activities support one or more of the voucher stream objectives. (30%)
- Extent to which the project, funded by the voucher, has the potential to benefit the company by reaching longer term outcomes (e.g new jobs, access to new markets and customers, new products and services and increased revenue). (30%)
- Demonstrated capacity or capability to successfully implement the project or project findings (e.g. track record of company and resources to be allocated to the project). (20%)
- The need for government support for the project to proceed. (20%)