Growth Centre Projects and Technology Platform
Funding of up to $93 million is available to the established Growth Centres to support targeted collaborative projects that build capability and address barriers impeding the competitiveness of key growth sectors on a scale that will deliver tangible results ensuring impact. The Project Fund has been designed to be flexible and can support a wide range of projects, focusing on market, value chain or technology issues to deliver commercial outcomes that have sector wide impact. Projects are expected to be of national significance and not only deliver direct benefits to participants, but provide benefits across the wider sector.
As part of the Initiative, $73 million in funding is available on a competitive basis to help convert ideas with high potential into profitable commercial realities. This element, comprising grants of up to $1 million, is delivered through the Entrepreneurs’ Programme.
In addition to these critical projects, a new information technology platform will be established. The Industry Growth Network will provide essential infrastructure for Growth Centres to collaborate and extend their reach. It will include websites, stakeholder support and online collaborative tools.