Search
Close this search box.

We are creating some awesome events for you. Kindly bear with us.

Victoria businesses get new tech adoption support

The government is helping small to medium-size businesses implement digital solutions that improve productivity, drive growth and create jobs through a new funding program. The Minister for Innovation, Medical Research and the Digital Economy launched the $5 million Technology Adoption and Innovation Program, which allows businesses to apply for grants of up to $50,000 for innovative tech projects on 6 April 2021.

The grants fall under one of two funding streams. The first allows small to medium-sized enterprises to partner with a specialised technology provider to improve their productivity and competitiveness. The partnerships may include implementing new e-commerce systems, artificial intelligence or machine learning processes, data analytics, robotics or cybersecurity technology.

The second funding avenue is for companies involved in technology development to create new products and services. Product development could be across areas including micro or nanotechnology, software for business-to-business messaging, fintech applications, healthcare equipment and retail technology.

The government will match contributions from applicants as part of the program, with those applying required to contribute a minimum of $20,000 towards the total cost of projects. The boost is part of the Government’s game-changing investment in boosting the state’s digital infrastructure, capability and skills, thanks to $121 million allocated for innovation initiatives in the Victorian Budget 2020/21.

Applications for the Technology Adoption and Innovation Program are now open and close on Monday, 19 April. For more information and to apply for support through the program interested parties can visit the website.

The Minister for Innovation, Medical Research and the Digital Economy stated, “This program will be a catalyst for more Victorian businesses to embark on their own innovative projects, whether they’re implementing technology or developing a new commercial product.”

The government is enabling businesses to capitalise on technology to boost productivity, create new business opportunities and drive economic growth. Initiatives developed with support from this program will really cement Victoria’s position as a leading tech hub in the Asia Pacific, the Minister said.

Victoria’s ICT industry is substantial, generating AU$34 billion in revenue annually and directly employing around 91,300 people. It is internationally competitive, generating exports of around AU$2.5 billion annually.

Melbourne is Australia’s technology hub with more than half of Australia’s top 20 technology companies. Victoria’s ICT industry has over 8,000 companies, including many international firms.

The ICT industry workforce underpins innovation and competitiveness across Victoria’s economy and accounts for approximately 31 per cent of Australia’s ICT workforce. Some of Victoria’s key ICT strengths are in:

• Software development
• Cloud technology
• Digital games
• Mobility technology
• Social networks
• Data analytics

Technology skills and capabilities are foundational to Victoria’s economic growth. In this unique and transformative sector, a continued focus on ICT skills and its ICT workforce is needed to meet current, future and new demand.

In Australia, 93% of businesses have internet access, and 99.6 per cent of these use broadband as their main type of internet connection. 83% of households have access to the internet and of these 93% use broadband. Telecommunication infrastructure was deregulated in Australia in 1992, and the industry is left to market forces.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.