A new Victorian Government grant program will help grow medical technology (medtech) production in Victoria, creating new high-skill jobs and cementing the state’s reputation as a global leader in healthcare innovation.
Applications for the $3 million Medtech Manufacturing Capability Program are now open to Victorian manufacturing businesses, with grants of between $100,000 and $500,000 available.
The program will support businesses to make new medtech products and scale-up production in the state, boosting their ability to turn innovative ideas into real-life solutions.
Medtech is one of the fastest growing sectors in Victoria’s economy and the program will help it grow even faster. It currently generates $21.4 billion in revenue and $3.5 billion in exports annually.
Funding from the program will be offered on a 1:1 matching basis, allowing medtech businesses to fast-track projects, set up local manufacturing activities and provide opportunities to partner with other Victorian businesses.
This will increase Victoria’s advanced manufacturing capability, open hundreds of skilled job opportunities and strengthen the state’s long-term global competitiveness.
Applications: currently open
Applications close: 5pm on Tuesday 5 April 2022
Register for a free information sessionDate: Wednesday 16 March 2022
Time: 1pm (AEDT)
Want to know more?
Program guidelines, full details on eligibility and how to apply are available by visiting the Business Victoria website.