Science and Technology Research Fund

Victoria-Israel Science and Technology Research and Development Fund (VISTECH ) supports collaborative R&D projects aimed at achieving the commercialization of new or improved products, processes, or services that can potentially contribute to the economic development and public benefit of Victoria and Israel.

Eligibility

Science and Technology Research Fund Applicants must meet all of the following criteria to be eligible

• The application is an eligible for-profit entity type or commercially focused not-for-profit; and
• The applicant is operating in Victoria; and
• The applicant has a registered office and principal place of business located in Victoria; and
• Be non-tax exempt; and
• Active ABN; and
• Registered for GST; and
• Can contribute a minimum of 50 percent of the project cost.

Eligible project costs and activities may include

• Personnel costs for staff dedicated to the project
• Cost of purchasing, leasing, or renting equipment or instrumentation
• Cost of sub-contracting and consultancy services used exclusively for the project
• Other operating expenses (e.g., cost of materials, consumables, and other supplies)
• Premarketing expenses
• Outlays to meet regulatory requirements
• Business planning
• Knowledge transfer to industry and other end users
• Necessary travel.

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Benefits

• VISTECH collaborations provide partner companies with access to additional skills, capital, technology transfer, and know-how.

Application Process

Applicants must undertake the following steps to apply:

• Carefully read the program guidelines here.
• For more details, please read the program guidelines here.

Submit your application:

• Victorian applicants can apply by emailing DJSIR at innovation.programs@ecodev.vic.gov.au.
• Israeli applicants can submit their applications via the Innovation Israel website here.