Deadline: 3-Mar-23
Applications are now open for the Priority Investment Program (PIP) 2022-2024.
In March 2022, the ACT Government launched CBR Switched On which outlines the Territory’s economic development priorities to 2025. In addition to creating a city of wellbeing, liveability and sustainability, this mission-led strategy brings a commitment to facilitating investment, supporting innovation, developing their entrepreneurial ecosystem and attracting and retaining skills and talent.
The ambition is to position Canberra as a city where innovation, creativity and entrepreneurship are encouraged and celebrated to create an environment where the best minds come together to solve problems. The tertiary education, training and research sector, which is the ACT’s largest export, was among sectors impacted by the COVID-19 pandemic.
Despite these challenges, the knowledge economy presents growth opportunities for ACT’s universities and knowledge-based businesses to capitalise on the Territory’s economic strengths. This focus will create jobs and dynamic businesses that will drive economic diversification, recovery and growth. Since 2018, the Priority Investment Program (PIP) has funded innovative and collaborative projects to unlock opportunities and investment in many sectors of their knowledge economy.
Objectives
Under the Future Jobs Fund, the ACT Government has committed to co-investment opportunities including a continuation of the Priority Investment Program (PIP) and responding to emerging economic priorities. The PIP seeks to fund proposals that can demonstrate outcomes including:
- creation of sustainable jobs for the Territory’s workforce
- attraction and retention of investment and talent into the ACT’s knowledge-based industries with activity concentrated in the ACT
- establishment or deepening of innovation and collaboration between industry (from SMEs to MNCs), higher education and research and ACT Government to deliver infrastructure and pathways to unlock latent and new opportunities
- development of new business growth opportunities for the ACT’s knowledge-based economy.
Funding Information
- A total of $3.5 million is available for competitive and discretionary funding programs over two years from 2022-2024.
Eligibility Criteria
- The Priority Investment Program is seeking projects that are partnerships between industry, businesses and tertiary education and research institutions, that clearly demonstrate matched partner cash contributions to the funding requested in the application.
- Projects will be required to demonstrate they satisfy all the criteria under the feasibility measures to be eligible. You should also adequately address the impact criteria. Priority will be given to projects that satisfy feasibility requirements and demonstrate the strongest impact.
For more information, visit ACT Government.