The $16.7 million New Industries Fund was launched on 28 November 2017 to support and accelerate new and emerging businesses to create WA jobs.
The Fund is a key component of the State Government’s Plan for Jobs, which will create a more vibrant and diversified economy and local jobs.
The Fund will support a series of initiatives including Innovation Hubs, business growth programs, sponsorship, investment attraction, and industry-university collaboration and research programs.
$4.5 million of funding will be allocated to regional Western Australia to support the capability and economic sustainability of regional economies.
The Fund will support a number of existing successful Government programs, but with a greater emphasis on creating local jobs.
Future initiatives will be guided by the innovation sector, and announced in due course.
The New Industries Fund is managed by the Department of Jobs, Tourism, Science and Innovation.
To find out more visit www.newindustries.wa.gov.au