Round one winners of Victoria-Jiangsu Program for Technology and Innovation Research and Development (VIC-JS TECH) grants have been finalised.

VIC-JS TECH will fund research and development partnerships between five Victorian research organisations and five innovative organisations from Jiangsu Province - Victoria's sister state.

Victoria and Jiangsu signed a Technology and Innovation Agreement in 2015, with the VIC-JS TECH program identified as a key initiative that will help develop new technologies that will change the way industries operate across the globe.

The program provides grants of up to AUD$200,000 to support Victorian organisations working with Jiangsu Province companies on cooperative research and development to produce a new technological product or process.

Minister for Small Business, Innovation and Trade met with the Jiangsu Department of Science and Technology to finalise round one winners of the VIC-JS TECH grants during his visit to Nanjing in May 2017.

The two states have a long history of collaboration having enjoyed a sister state relationship since 1979 and recently began a sporting rivalry when Victoria's Melbourne United basketball team took on the Jiangsu Dragons.

The game, Victoria's first basketball match against a Chinese team, opens the door for Victoria to share its world-leading expertise in sporting venue design and sports medicine, science and technologies, positioning the state to be a major contributor to China's Five Year Sports Development Plan.

Victoria and Jiangsu also share academic links with the seventh cohort of Victoria's Hamer Scholars currently studying in China.

More than 200 Victorians have participated in the Hamer Scholarships Program across Asia since its launch in 2012, 115 of those in China, with alumni now leading businesses throughout the region thanks to the cultural, business and people skills they gained during the program.

China is Victoria's largest two-way trading partner worth more than $23.3 billion and contributing across all of the state's key industry sectors.