State government puts up funding for defence SMEs

Joint-capabilities

18 June 2018

By: Reporter

A Hawkei Protected Mobility Vehicle – Light utility variant, built in Bendigo - is unloaded from a Royal Australian Air Force C-130J Hercules at Hamid Karzai International Airport in Kabul, Afghanistan. Image via Commonwealth of Australia, Department of Defence.

In a bid to win national and international work, the Victorian state government is offering up to $50,000 in assistance to local small and medium sized enterprises in the defence, aerospace and national security sector.

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Under the Victorian government's Boost Your Business Program, defence, aerospace and security vouchers are now available to local companies looking to adopt new or improved capability, business models and business processes to develop and commercialise new products and advanced manufacturing processes.

Eligible companies can apply for three voucher types; market engagement, which includes funding for marketing and branding strategy for the international market; innovation, which looks at intellectual property, process innovation and product development; and business capability, which will offer guidance for tender processes, business transformation and systems improvements.

Recipients are eligible for up to two vouchers under the program.

Eligible applicants must already be engaged in a defence, aerospace or security supply chain or be able to demonstrate a genuine intent to enter a defence or security supply chain.

Applications to Trade Victoria close on 13 July.