Priority Investment Program - Overview
Knowledge and infrastructure assets within the tertiary education and research sector are primary drivers of attracting investment into Canberra. Finding innovative ways to collaborate and activate these assets will lead to long term wealth and wellbeing through economic diversification and growth in jobs.
The Priority Investment Program (PIP) has been established to assist the ACT Government to work with like minded partners to achieve these objectives. The PIP is aims to enable collaboration between the ACT Government, industry, research and the tertiary sectors to attract investment and grow established and emerging priority sectors of Canberra’s economy. The PIP targets sectors of the ACT’s economy that warrant a priority for investment including but not limited to cyber security, space, defence, renewable energy, agri-technology and plant sciences, healthy and active living and education, where Canberra has known and established strengths to capitalise on the rapidly growing global opportunities.
PIP funding is available on a competitive basis to projects that:demonstrate how the project will attract and retain an inward flow of investment and talent into priority sectorsestablish or deepen collaboration between industry, higher education and research and Government to align capabilities in advanced technology sectors.realise and sustain both latent and potential growth opportunities for the ACT’s knowledge-based economy.demonstrate collaboration by a diverse mix of activity, industry and firm sizes.
Jobs and Economic Recovery Round
The Priority Investment Program - Jobs and Economic Recovery Round is a special round of the Priority Investment Program. It is part of the ACT Government’s response to economic challenges in 2020-21 and it will support ACT-based businesses to create jobs and become more competitive and sustainable.
The objective of the funding round is to support projects or proposals that will directly contribute to long-term job creation and economic recovery in the priority areas.
A funding round of $1 million has been opened and is available on a competitive basis to projects that:
- Create sustainable jobs for the Territory’s workforce.
- Demonstrate how the project will attract and retain an inward flow of investment and talent into priority sectors.
- Establish or deepen collaboration between industry, higher education, research and government to align capabilities in advanced technology sectors.
- Realise and sustain both latent and potential growth opportunities for the ACT’s knowledge-based economy.
- Demonstrate collaboration by a diverse mix of activity, industry and firm sizes.
Before Applying – take these steps
Download and read the Priority Investment Program – Jobs and Economic Recovery Guidelines.
Funding applications will be assessed against the feasibility, impact and jobs and economic recovery criteria outlined on pages six and seven of the Priority Investment Program - Jobs and Economic Recovery Guidelines. Projects will be required to satisfy all the criteria under the feasibility and the jobs and economic recovery categories. They should also adequately address the impact criteria. Priority will be given to projects that satisfy feasibility requirements, create jobs and support economic recovery, and demonstrate the strongest impact.
How to apply
Applications for funding will undergo a two-stage assessment process. Previous applicants that were unsuccessful in past PIP funding rounds are welcome to resubmit their proposals provided they address the jobs and economic recovery criteria for this round and the feedback that was provided on their original project or proposal.
Stage 1 – Expression of Interest
To apply, you must submit your expression of interest through the Smarty Grants online application management system. Contact us with any questions and to discuss your proposal before you submit your expression of interest.
Expressions of interest will be assessed against the evaluation measures by an assessment panel agreed by the Chief Minister and chaired by a senior officer in the Economic Development Division. The assessment panel will assess which Expressions of Interest should be invited to submit a stage 2 application.
Stage 2 – Business Case Submission
If your expression of interest is successful, you will be invited to submit a detailed business case. Applicants are required to submit their business case including any required supporting material (including partnership agreements) via online delivery using the Smarty Grants online application management system. Applicants that have been invited to submit a business case will be provided with access to Smarty Grants.
Following submission of the business case applicants may be invited to pitch/present their project to the assessment panel. Following this assessment, projects recommended for funding will be recommended to the ACT Government for funding. The ACT Chief Minister will make the final funding decisions based on the recommendations from the Assessment Panel.
Deadline to apply:
Expressions of Interest close: Tuesday 6 October 2020 11:59pm AEST
Further Information and Contacts
For further information please download the Priority Investment Program - Jobs and Economic Recovery Guidelines.
If you would like to discuss your project or the Priority Investment Program - Jobs and Economic Recovery Funding Round please contact the Innovation, Industry and Investment team on (02) 6207 3037 or email@example.com
In accordance with the provisions of Section 100(1) of the Electoral Act 1992, the ACT will hold a general election for the Legislative Assembly on Saturday, 17 October 2020. The caretaker period begins at 12:00am on 11 September 2020 and ends with the election of the Chief Minister on the first sitting day of the Legislative Assembly following the election. The continuation of this Priority Investment Program Grant round following the general election on 17 October, is a decision for an incoming government. As a result, potential Priority Investment Program applicants are advised that it is possible this Grants program may not proceed.