Future Industries is about supporting investment in high-growth industries through industry excellence and development projects, including establishing collaborative networks and building supply chain readiness capabilities.

Video Description: As part of Future Industries Week, Minister for Industry and Employment Wade Noonan visited a number of innovative businesses including Lockheed Martin, GlaxoSmithKline, Trajan and Chobani. Hosted between 10-14 July, Future Industries Week featured a series of announcements to highlight the departments work building Victorias Future Industries.

In a global environment of change,Victorias continued economic growth relies on the forward-thinking initiatives of today.

Concentrating on high growth industry sectors, the government has developed a suite of Future Industries sector strategies, in consultation with businesses, research organisations, industry groups, unions and independent experts.The strategies are guiding the governments investments and activity.

Priority actions for government under the strategies include investment facilitation, grants and other programs, targeted infrastructure improvements, programs to build workforce skills, and collaborative initiatives to support the adoption of global best practices.

Medical Technologies and Pharmaceuticals Sector Strategy

Through the Future Industries Fund, four grant programs provide direct funding support to businesses seeking to innovate and grow:

The $20 millionSector Growth Program, which supports collaborative projects in priority sectorsto generate jobs, increase productivity and help Victorian businesses compete in the global marketplace.

TheFuture Industries Manufacturing Programoffers funding of up to $500,000 for the implementation of new manufacturing technologies and processes in Victoria-based operations.

The $20 millionNew Energy Jobs Fund, which supports Victoria-basedprojects that create long-term sustainable jobs, increase the uptake of renewable energygeneration, reduce greenhouse gas emissions and drive innovation in new energy technologies.

TheVictorian Defence Industry Supply Chain Program, which supports Victorian Small to Medium Enterprises (SMEs) to win more domestic and international defence and national security work.

Unsure about your eligibility? Get in touch with a localBusiness Development Manager