Technology Implementation vouchers worth up to $250,000 have been announced to assist companies improve their products and processes and enhance their abilities to compete in local and international markets. You must move quickly as applications close on 22 October.

The Minister the Hon Gordon Rich-Phillips who recently opened FB Rice’s new premises in Melbourne said,

“We’re providing opportunities for all companies to be at the leading edge in the global Market place through the development of innovative products, processes and services,” The Technology Implementation voucher, worth up to $250,000, helps companies get through the critical stages of demonstrating the technical viability of projects and scaling up for commercial implementation.

These vouchers focus on projects that create more competitive products, processes and services through the application of small technologies, industrial biotechnology or advanced information and communication technology in innovative or novel ways.

Successful companies will be awarded Technology Implementation vouchers to undertake substantial testing or applied development activities in order to adapt, adopt or develop technology-enabled innovation for new practice or new markets,”

The Technology Voucher Program is a flagship program under the Coalition Government’s $150 million Victoria’s Technology Plan for the Future, which promotes technology-enabled innovation across the economy and supports the growth, development and global competitiveness of Victoria’s technology sectors.

Note: Applications are now open and will close on 22 October 2013. For more information visit www.business.vic.gov.au/tvp