$6.3 million in grants has been awarded to 23 projects as we speed up Victoria’s transition to a circular economy.
On behalf of the Victorian Government, Sustainability Victoria is proud to be awarding a total of $6.3 million in grants to 23 projects, as we speed up Victoria’s transition to a circular economy.
This marks the first round of funding awarded through the Circular Economy Business Innovation Centre
(CEBIC) and follows on from eight months of circular economy acceleration activities.
The successful projects include a range of circular economy business models aimed at designing out waste and extending the life and value of products and materials. Businesses, industry, research institutions and not-for-profit organisations have joined forces to collaborate on many of the projects.
While some projects will launch sustainable products and services, others will test out innovations and contribute new circular ideas.
Together, the 23 projects will:
View the successful Innovation Fund projects.
View the successful Business Support Fund projects:
In line with CEBIC’s first annual focus area, 12 of the 23 funded projects are tackling food waste.
Together, the 12 projects will:
In Victoria, food and food products currently result in 2.4 million tonnes of waste a year. This costs the Victorian economy more than $6 billion a year and contributes to 15 per cent of our non-energy emissions.
The Path to Half report, published earlier this year, dives into the environmental, social and economic costs of food waste in Victoria. The report presents the top solutions to prevent food waste with a goal of halving Victoria’s food waste by 2050. Our 12 newly funded projects will support Victoria to take a huge first step on this path to half.
Read more about halving Victoria’s food waste in the Path to Half report.
CEBIC and the Innovation and Business Support Funds form part of Victoria’s circular economy policy – Recycling Victoria: a new economy (RV). The Victorian Government has invested more than $515 million to deliver the biggest transformation and reform of Victoria’s waste and recycling industry. This includes $380 million to deliver RV which will fundamentally reduce waste, boost jobs and establish a recycling system Victorians can rely on.
RV also recognises that Victorian businesses are central in the transition to a circular economy and details a commitment to improving business productivity, reducing waste and accelerating innovation.
For all grants and funding opportunities we offered by Sustainability Victoria and CEBIC, subscribe to our grants and funding alert.