The Victorian government have opened the Investing in Manufacturing Technology (IMT) grants. The first round of grants closes 20 July 2012.
The aim of the grants are to promote the growth, productivity and international competitiveness of manufacturing businesses by stimulating investment in new technologies.
Grants of up to $250,000 are available on a competitive basis to assist manufacturers to purchase and integrate new technologies.
However, all grants require a minimum co-contribution of 75% of total eligible project expenditure (i.e. $3 for every $1 granted) and excludes internal costs, salaries or resources.
There are three competitive funding rounds per year and applications for round one close at 5pm, Friday 20 July 2012.