Food Innovation Voucher Stream
The Food Innovation Voucher stream is part of the broader Business Victoria Voucher Program. This program is a new Victorian Government initiative aimed at helping companies access the know-how needed to innovate, diversify, improve productivity and take new products to market.
The Food Innovation Voucher stream and the complementary online Food Innovation Network are designed to connect businesses in the agriculture and food sector with expertise to drive innovation and problem-solving.
About the vouchers
The voucher stream and network will link industry with innovation services and capabilities in regional and metropolitan areas, including the government's key food and fibre research centres and relevant CSIRO, university and industry facilities.
The two main objectives are:
- to shift the food sector's focus and culture from reactive to proactive, and from survival to competitive and disruptive
- reduce the barriers and challenges that businesses face which are limiting the level of investment in disruptive innovation.
Two types of vouchers are available:
- up to $10,000 for early stage feasibility and testing
- up to $50,000 for process innovation, product development and research and development.
Early stage feasibility and testing vouchers will assist businesses that have limited knowledge of Victoria's food innovation ecosystem, but have a problem requiring an innovative solution. These vouchers can be used to explore or test new ideas/initial feasibility and require the applicant to contribute up to 10 hours of time in-kind to the project.
Process innovation, product development and research and development vouchers allow for businesses to undertake applied research. These require a 1:1 cash co-contribution.
Both vouchers require applicants to work with a nominated innovation service provider. A list of approved service providers is available at www.business.vic.gov.au
Is my business eligible?
To be eligible to receive a voucher, you must:
- be a small to medium enterprise (employ between 20 and 200 staff or if less than 20 staff have an annual turnover greater than $1.5 million)
- have an operating business presence in Victoria
- have an ABN
- be a legal entity currently engaged in the food value chain or be able to demonstrate a genuine commercial connection to the food value chain.
Voucher applicants will be automatically be registered as members of the Food Innovation Network.
How do I apply for a Food Innovation Voucher?
Visit the Business Victoria website to apply for a Food Innovation Voucher.
What is the Victorian Food Innovation Network?
The Victorian Food Innovation Network will enable the food sector and industry experts to more easily connect businesses with the innovation services and capabilities they need.
Interested voucher applicants can join the network to be kept up-to-date and alerted as soon as Food Innovation Voucher applications open on 29 January 2018.