Funding for businesses to adopt circular economy opportunities and business models

The Recycling Victoria Innovation Fund provides funding for businesses to adopt circular economy opportunities that design out waste and maintain product and material value over a longer period of time.

Overview

There are 2 streams of funding:

• Stream 1: Food Innovation (funding of between $75,000 and $150,000)
  • For collaborative partnerships that identify opportunities and apply innovative circular economy business models and practices for food waste or the food sector.
• Stream 2: Collaborative Innovation (funding of between $150,000 and $450,000)
  • For collaborative partnerships that identify, develop and/or scale-up innovative circular economy business models practices. The projects need to address systemic barriers with innovative thinking and practice.

What are the eligibility criteria?

Applications must include at least 2 organisations. In such a group application, the main organisation responsible for delivering the project is the lead application, and the other organisation/s are the project partners. 

The lead applicant must:

• be either an individual business, research institution, industry group or charity
• have a current Australian business number (ABN)
• have been operating for a minimum of 2 years

The project partner can be from either one of the above categories or one of the following:

• other not-for-profit organisations 
• government 
• local government

The project must:

• be focused within Victoria
• ensure the project activities largely take place (i.e. more than 50%) in Victoria
• meet or exceed the minimum co-contribution requirement for funding ($1:$1)
• be completed by May 2024

How do you apply?

Find out more about eligibility and how to apply at Recycling Victoria Innovation Fund.