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.
A funding round of $2 million has been opened in the 2019/20 financial year and 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.
ObjectivesAttract and retain investment to grow Canberra’s knowledge-based economy;Make strategic investments that will unlock opportunities in the priority sectors; andBuild sustainable partnerships between the ACT Government, education and research institutions, industry and investors.
Before Applying – take these steps
Download and read the Priority Investment Program Guidelines.
Funding applications will be assessed against the feasibility and impact criteria outlined on page six of the Priority Investment Program Guidelines. Projects will be required to satisfy all the criteria under the feasibility category. They should also adequately address the impact criteria. Priority will be given to projects that satisfy feasibility requirements and demonstrate the strongest impact.
How to apply
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: Monday 18 November 2019 11:59pm AEST
Further Information and Contacts
For further information please download the Priority Investment Program Guidelines.
If you would like to discuss your project or the Priority Investment Program please contact the Innovation, Industry and Investment team on (02) 6207 3037 or firstname.lastname@example.org