The Fund supports projects directly related to the commercialisation of a novel product or process containing recycled materials.
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Applicants must contribute at least $1 for every $1 funded.
The Circular Economy Markets Fund supports research institutes, industry and business to accelerate the commercialisation of innovative, new products and processes that incorporate recycled materials.
The Fund is distributed through 2 funding streams:
Stream 1 and Stream 2 are open for applications.
Applications must be submitted by 11:59 pm, Thursday 2 June 2022. Late applications will not be accepted except under exceptional circumstances.
Read more about Stream 1.
This grant is part of the Recycling Victoria policy funding.
The following are the guidelines for applying for Stream 2.
Find out more in the Information bulletin.
Projects must meet one or more of the following objectives:
Grants of between $30,000 and $300,000 (excluding GST) are available per project.
Applicants must contribute at least $1 for every $1 funded.
Co-contributions can be either financial (cash) or in-kind. Up to 100% of the co-contribution can be in-kind.
Eligible applicants include:
All applications require a single Lead Applicant, who will be the responsible Contracting Party. Applicants may apply as either individual businesses or as a Collaborative Partnership.
All applicants must:
Applicants and/or Project Partners with less than 2 years’ operating history are eligible to apply and are encouraged to secure established project partners or identify appropriate external expertise where appropriate. They may be subject to additional information requests to undertake a risk assessment, and/or additional funding conditions.
Applicants who do not agree with the Grant Funding Agreement Terms and Conditions will be asked to provide full details of proposed amendments that would render the contractual provision acceptable to the Applicant in the SmartyGrants application form. Applicants should note that significant or substantive variations will not be viewed favourably unless the Applicant is able to demonstrate the necessity for such variations. Should applicants be successful, no further amendments to Sustainability Victoria’s standard terms and conditions will be considered beyond the variations included in the application form.
We encourage applications from Aboriginal and Torres Strait Islander organisations.
Sustainability Victoria manages several grants. Although you can apply for more than one grant for a project, you can only receive one grant per project. If you’ve already applied for a Sustainability Victoria grant and now find this grant is more relevant or suitable for your project, you can withdraw your application by emailing us.
The following organisations cannot apply for funding as a Lead Applicant:
Stream 2 funding is available to support the commercial development of new or existing products and/or processes using recycled materials. Applicants must demonstrate an existing prototype or proof-of-concept as part of their application.
RVMAF will prioritise projects that address the materials subject to the national waste export bans (paper and cardboard, plastics, tyres and glass).
Projects proposing solutions to other arising materials streams such as e-waste and textiles will also be considered. Organics are not eligible.
Applicants will need to explain why the material is a problem and how their project will effectively address this problem.
Funding will support projects that:
Examples of project activities eligible for funding include, but are not limited to:
Note: Other relevant commercialisation activities will also be considered, provided they are not listed in Section 2.4 – What will not be funded.
Project costs must be directly related to the project and can include:
Applicants must demonstrate an existing prototype or proof-of-concept as part of the application.
Where relevant, quotes should be provided for any third party services.
You can submit multiple applications. Each application must be for a different project. An application must not be for multiple projects. Applicants can apply for funding under both streams provided each application is for a different project
Funding will not be provided for projects that:
The following costs are ineligible for funding:
*Note: while Sustainability Victoria funding cannot be used to pay salaries of existing FTE, the costs of existing FTE that are dedicated to the project can form part of an Applicant’s co-contribution.
The assessment panel will assess the application based on merit according to the criteria below.
Describe how the project meets one or more of the objectives of the Fund.
Describe what the project will do including:
Outline any prior research, demonstration and/or validation and commercialisation activities undertaken that demonstrate that the product or process is technically and/or commercially viable.
Demonstrate why the project is needed including:
Demonstrate the Lead Applicant and Project Partners’ capability and capacity to successfully deliver the project, including:
Demonstrate viability to successfully deliver the project including:
Applicants must attach any quotes relevant to third party providers and construction costs and complete the Risk Management Assessment in Smarty Grants.
Sustainability Victoria may overlay rankings to achieve an overall mix of projects that represent:
A risk-based approach will be used to assess the Applicant’s social, economic and environmental risks in relation to the project. This assessment will include the Applicant’s Related Entities and may include Project Partners and/or Project Participants (see Section 9: Program definitions).
Applicants (and their Related Entities and, if applicable, their Project Partners and/or Project Participants) must:
Assessment of satisfactory level of risk will include but not be limited to Sustainability Victoria’s consideration of:
Sustainability Victoria may conduct due diligence checks on the Project Partners and/or Project Participants involved in the delivery of the project. The Applicant must ensure that any Project Partners and/or Project Participants agree to cooperate with this requirement and will provide information at Sustainability Victoria’s request.
Sustainability Victoria reserves the right not to award funding to Applicants where the due diligence risk (including that of Project Partners and Project Participants) is unsatisfactory or not able to be managed.
Successful applicants approved for funding must do the following.
Dates may change.
There is no date for announcement. We will provide applicants with updates as much as possible and when necessary.
Applications open: 21 April 2022
Information session: 10 May 2022
Applications close: 2 June 2022
Notification of outcome: September 2022
Funding agreements established: November 2022
Projects commenced by: November 2022
Project completed by: April 2024 .
Before applying, we recommend you attend an information session.
The grant program involves a competitive, merit-based application process.
Tips for using SmartyGrants
There will be one information session held online. An information bulletin will be available after the session.
We cannot review drafts or provide feedback.
Phone: +61 3 8656 6757 Monday to Friday, 10:00 am to 4:00 pm.
In the subject line, use the grant name: Recycling Victoria - Markets Acceleration Fund – Materials: Stream 2 – Commercialisation support.
This fund is released as part of the Victorian Government’s Recycling Victoria policy and represents the Government’s plan to establish a recycling system Victorians can rely on, and the need to invest in market development for recycled materials.
Key Commitment 8.1 of the policy is to increase the use of recycled materials. The $30.46 million Recycling Markets Acceleration Package is being delivered under this commitment, in partnership between Sustainability Victoria, the EPA and the Department of Environment, Land, Water and Planning.
As part of this package, SV is delivering the Markets Acceleration Program (MAP) to drive demand for recycled materials across the economy by supporting the development of innovative products and improving market confidence in recycled products. This Fund is a component of this program.
The applicant who applies for the funding and is responsible for all details in the submission of an application and the contractual obligations under the funding agreement with Sustainability Victoria if successful for grant funding.
The Applicant’s required cash or in-kind contribution to the total project income.
A relationship established between a Lead Applicant and Project Partner/s for the purposes of meeting common project objectives and outcomes. Collaborative Partnerships need to be demonstrated by a formal agreement between the partners that outlines the governance, financial and intellectual property arrangements and roles and responsibilities of each party. A formal agreement must either be in place or be finalised before commencement of the project.
The process through which R&D is transformed into marketable products, capital gains, income from licences and/or revenue from the sale of new product or processing approach.
Actual new full-time positions created by your business. This can include training or upskilling of employees who would otherwise be made redundant through the implementation of your project.
Environmental and Safety Laws
Environmental and safety laws are the Occupational Health and Safety Act 2004, Environment Protection Act 2017 or any other legislation, regulation, order, statute, by-law, ordinance or any other legislative or regulatory measure, code, standard or requirement relating to the protection and safety of persons or property or which regulate the environment including laws relating to land use planning, pollution of air or water, soil or groundwater contamination, chemicals, waste, the use, handling, storage or transport of dangerous goods or substances, greenhouse gas emissions, carbon trading, or any other aspect of protection of the environment.
Environmental, Safety or Workplace Breach
An environmental or safety breach is any past or current prosecution, reportable incident, investigation, notice, penalty, warning, regulatory intervention or enforcement action from the Environment Protection Authority (EPA), Victorian WorkCover Authority (WorkSafe) or Fair Work or failure to comply with any environmental, safety and workplace laws.
Full-Time Equivalent Employees (FTE)
The hours worked by one employee on a full-time basis.
The calculation is used to convert the hours worked by several part-time employees into the hours worked by full-time employees. For example, you have three employees working the following - 40, 40 and 20 hours per week, giving you 100 hours per week in total.
Assuming full-time hours are 40 hours per week, your full-time equivalent calculation is 100 hours divided by 40 hours which equals 2.5 FTE.
Jobs created by other businesses that come into existence due to the economic growth of your business.
An in-kind contribution is a contribution of a good or a service other than cash.
In-kind contributions should include the cost for activities that are directly related to delivering your project. Examples include:
The following activities cannot be considered as in-kind contributions:
Applicants must fairly justify how they determined the dollar value for in-kind contributions.
An Innovation is something new, different, or better, that creates value. It may be the first of its kind, inspired by others’ solutions, or copied. For this grant program, it must not have been done before in Victoria.
The listed applicant for the purposes of a Collaborative Partnership. The Lead Applicant will be responsible for all details in the submission of an application and the contractual obligations under the funding agreement with Sustainability Victoria if successful for grant funding. The Lead Applicant is also responsible for managing the project outcomes and deliverables of the Collaborative Partnership.
An organisation that provides services to the community and does not operate to make a profit for its members (or shareholders, if applicable).
Operations in Victoria
To be eligible to apply for funding the Lead Applicant must have an office or staff permanently based in Victoria.
Includes investigating the feasibility of an innovative process that increases the use of recycled priority materials. This can include a series of operations or steps to change a recovered material or reprocessing system such as melting, extruding or crushing to enable the material to be used in the manufacture of a new product. It does not include separation, collection or sorting equipment or infrastructure.
An organisation/s in a Collaborative Partnership with a Lead Applicant that have a critical role in the project and a formal commitment to delivering the support required to ensure the project’s success.
Waste material that has been recovered, reprocessed and recycled in the creation of a new product.
Waste materials include those:
Any product that incorporates a percentage of waste material that has been recovered, reprocessed and recycled (see Recycled content).
Entities which are related to the Applicant, including:
An organisation that can carry out R&D activities as defined in the R&D definition above. A research institute can be a tertiary education institution, a government agency established for the purpose of research, a Cooperative Research Centre, an Institute or Centre for Research or a privately owned and accredited research facility, that is based in Victoria. Consultancies are not considered to be research institutes for the purposes of this grant program.
A social enterprise is a business that trades to intentionally tackle social problems, improve communities, provide people access to employment and training, or help the environment.
Workplace laws are the Fair Work Act 2009, or any other legislation, regulation order, statute, by-law, ordinance or any other legislative or regulatory measure, code, standard or requirement relating to the provision of fair, relevant and enforceable minimum terms and conditions for all persons and to prevent discrimination against employees.
We cannot review drafts or provide feedback.
In the email subject line, use the grant name Recycling Victoria Markets Acceleration Fund: Stream 2 – Commercialisation support.