Investing in Manufacturing Technology (IMT) is aimed towards promoting the growth, productivity and international competitiveness of manufacturing businesses by stimulating investment in new technologies.
Nature of Assistance
Grants of up to $250,000 are available on a competitive basis to assist manufacturers to purchase and integrate new technologies that will:
- improve productivity and competitiveness;
- strengthen capability; and
- encourage wider and ongoing innovation.
All grants require a minimum co-contribution from the business of 75% of total eligible project expenditure (i.e. $3 for every $1 granted). Eligible project expenditure includes capital expenditure and other project-related non-capitalised expenditure but does not include internal costs, salaries or resources.
For more information or to Apply Online, Visit Business Victoria.