Victorian govt launches $5M business tech grant program – ARNnet


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The Victorian government has launched its $5 million Technology Adoption and Innovation Program to provide individual grants of up to $50,000 for business’ tech projects. 

Under the terms of the program, the Victorian government will match contributions on a one-to-one basis from applicants, starting at a minimum of $20,000.

Broadly, the grants are to be split between two streams, with the first for small- to medium-sized enterprises (SME) to partner with technology providers in order to upgrade their productivity and competitive capabilities.  

According to the Victorian government, this can cover the implementation of new e-commerce systems, artificial intelligence or machine learning processes, data analytics, robotics and cyber security technology. 

Meanwhile, the second stream is geared towards companies that have a hand in technology development to create new products and services, such as micro or nanotechnology, software for business-to-business messaging, fintech applications, healthcare equipment and retail technology. 





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