New tech adoption support for businesses

The Andrews Labor Government is helping small to medium-size businesses implement digital solutions that improve productivity, drive growth and create jobs through a new funding program.

The grants fall under one of two funding streams:

  • Stream 1 allows small to medium-sized enterprises to partner with a specialised technology provider to improve their productivity and competitiveness. The partnerships may include implementing new e-commerce systems, artificial intelligence or machine learning processes, data analytics, robotics or cyber security technology.
  • Stream 2 is for companies involved in technology development to create new products and services. Product development could be across areas including micro or nanotechnology, software for business-to-business messaging, fintech applications, healthcare equipment and retail technology.

The Labor Government will match contributions from applicants, with those applying required to contribute a minimum of $20,000 towards the total cost of projects.
www.business.vic.gov.au/support-for-your-business/grants-and-assistance/technology-adoption-and-innovation-program

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