$4.8M for business and industry to boost circular economy

Published: 28 February 2023

Sustainability Victoria and the Circular Economy Business Innovation Centre (CEBIC) have launched both the Circular Economy Business Support Fund and the Circular Economy Innovation Fund for a third round of funding.

Combined, the funding pool is over $4.8M, which will go towards delivering projects in Victoria that innovate, embed and scale-up solutions and business models that:

  • prevent or minimise waste and pollution
  • keep products and materials in use at the highest value.

Both funds aim to improve the environmental outcomes of products, services, industries, supply chains or systems, and contribute to Victoria’s transition to a circular economy.

The 2 programs are designed to fund circular economy initiative development at different stages of life, and each has different eligibility criteria.

Previously unsuccessful Round 1 or Round 2 applicants can apply again for the Round 3 funding opportunity.

To date, both funds have fostered more than 36 projects that improve the capability and capacity of Victoria's transition to a circular economy. Learn more about the funded projects.

The Circular Economy Innovation Fund

The funding is for research and development projects that are designed to stimulate innovative, new circular economy market solutions. Projects must be delivered in a collaborative partnership.

The fund will provide grants between $50,000 to $400,000.

For more details on criteria and eligibility, read the Circular Economy Innovation Fund – Round 3 guidelines.

A team create a design on a 3d printing machine.

The Circular Economy Business Support Fund

This fund is designed to increase the efficiency and uptake of circular economy market solutions and is open to both collaborative and individual projects.

It has a focus on identification, commercialisation, and scaling of solutions. Projects that prioritise developing circular design capabilities within industry are also eligible.

Grants between $50,000 to $1M are available for projects.

For more details on criteria and eligibility, read the Circular Economy Business Support Fund – Round 3 guidelines.

Attend an information session

On Wednesday 15 March at 10 am, CEBIC will host a grant information session to help you with your application.

Victorian Government’s circular economy plan

The funding is being delivered by CEBIC as part of the Victorian Government’s $380 million Circular Economy plan, Recycling Victoria: a new economy. The plan will deliver a cleaner, greener Victoria with less waste and pollution, more jobs, and a sustainable, thriving circular economy.