Funding. All you need to know.

Tasmanian Government Innovation and Investment Fund

Launched in October 2012, Tasmanian Government Innovation and Investment Fund (TGIIF) forms part of the Tasmanian Government’s response to regional employment challenges.

This initiative is aligned with the Tasmanian Government’s Economic Development Plan and helps eligible Tasmanian businesses (or groups of eligible businesses) to accelerate their growth by implementing innovative and sustainable relevant projects.

The objective of TGIIF is to assist Tasmanian business owners to invest in innovative projects that will significantly improve their sustainability, performance, growth and productivity, generating new investment and creating sustainable high quality, skilled jobs that help diversify and strengthen Tasmania’s regional economy.

This program provides one-off project grants of up to $250 000 per project to eligible applicants who have a project that, primarily, leads to improved competitiveness and efficiencies, increased exports or import replacement and demonstrated innovation in Tasmanian business practice.

Round two of TGIIF is currently open, click here to view the guidelines (Adobe PDF).

Successful TGIIF projects from Round One

Round one of TGIIF saw 76 applications received, representing a combined total of $37 million worth of investment across 17 key industry sectors.

Of these, 10 were successful in receiving grant funding which totalled $1.8 million and which will leverage a further $5.9 million of private investment.

The projects from round one of TGIIF are expected to create an additional 122 jobs in the first 12 months, as well as having a significant effect on retaining existing employment.

Anchor Organics Family Trust - Pyengana

Received $250 000 to purchase of equipment to produce fingerling sized potatoes for export. Click to read more.

BridgePro Engineering Pty Ltd - Latrobe
 
Received $150 000 to purchase of vibrating piler and associated equipment, replacing equipment previously only available interstate. Click to read more.
 

Holm Oak Vineyards - Rowella
 
Received $72 500 to support the winery expansion and the purchase of small batch contract filtration and bottling equipment to increase production by 100%. Click to read more.
 

Mitchell Plastic Welding Pty Ltd t/a MPW Piping Solutions - Port Huon
 
Received $250 000 towards the purchase of plastic welding machines, technology previously not available in Tasmania. Click to read more.

Offshore Unlimited Pty Ltd - Hobart
 
Received $250 000 grant to undertake International Safety Management Standard accreditation allowing them to operate in deeper water with larger vessels over 500 tonnes. Click to read more.

Shellfish Culture Tasmania - Clifton Beach
 
Received $135 000 to expand hatchery and nursery operation including extended ‘grow out’ phase of spat. Click to read more.
 

Southern Marine Shiplift Pty Ltd - Launceston
 
Received $250 000 towards the purchase ultra-high-pressure water blasting equipment to improve competitiveness and environmental outcomes. Click to read more.

Specialised Vehicle Solutions (SVS) - Round Hill
 
Received $61 721 towards the installation of pneumatic and other equipment to service underground mining machines and other heavy equipment. Click to read more.
 

Tasmanian Quality Meats - Cressy
 
Received $250 000 to support the conversion of disused beef floor into a lamb chiller area for expansion of export markets. Click to read more.

Turners Beach Berry Patch - Turners Beach
 
Received $105 548 towards establishing one hectare of controlled agriculture environment, a state-of-the-art production facility, and a prototype mobile chiller unit. Click to read more.

Check back to see updates on these recipients and details of winners from future TGIIF rounds.