AgriFutures Emerging Industries Program – Round 4 Now Open
15 June, 2020
The AgriFutures Emerging Industries Program is calling for applications from emerging rural industries to partner with AgriFutures Australia to increase the production capacity and value of their industry by applying research, development and extension (RD&E) to overcome technical, market, supply chain and biological constraints.
In planning and submitting proposals applicants need to familiarise themselves with the application procedure, found here.
AgriFutures Emerging Industries Program invests in RD&E to accelerate the establishment of emerging rural industries. The RD&E expenditure for the AgriFutures Emerging Industries Program is primarily funded by an annual Australian Government appropriation.
AgriFutures Emerging Industries Program is dedicated to identifying and supporting the development of new and emerging rural industries that can meet changing demand and make a valuable economic, social and environmental contribution to Australia. We’ve set an ambitious goal of identifying and supporting the emergence of agricultural industries that can reach or exceed a $10million per annum threshold by 2022.
The AgriFutures Emerging Industries Program categorises emerging industries according to their maturity stage, which is measured by gross value of production (GVP). It is essential that applicants of this Open Call estimate the current GVP for the industry in addition to an outline of the steps the industry will take to achieve a $10 million GVP target by 2022. Applicants must clearly demonstrate how their proposed project will contribute towards the industry GVP growth.
It is mandatory that all applicant industries have an industry supported RD&E strategy/plan prior to submission of applications for AgriFutures Emerging Industries Program support. Note: the AgriFutures Emerging Industries Program will first consider funding support for the development of RD&E plans if they do not exist, regardless of GVP stage.
Investment opportunities being offered to assist growth in GVP are characterised by the following attributes:
- Building early stage clusters (actual industry GVP up to $2 million per annum)
Early stage support of up to one year to conduct viability assessments, identify areas for potential RD&E, and portfolio building or market development activities that will help guide industry formation, feasibility and scaling.
- Growing industry capability (actual industry GVP $2 million and up to $10 million per annum)
Funding of up to two years for collaborative RD&E projects to resolve key technical challenges and RD&E programs to accelerate growth and development to achieve a GVP of $10 million.
- Expanding toward established and/or levied industries – (actual industry GVP $10 million per annum or greater)
Projects of up to two years to ensure continuity of the newly emerged industry to sustain growth and development.