Invest Victoria and Trade Victoria – including the global network of 18 Victorian Government Business Offices – lead the Victorian Government's strategy to increase the state's export opportunities as well as attract international business investment to Victoria to create Victorian jobs and grow the economy.
Both Invest Victoria and Trade Victoria work closely with priority industry sectors, including medical technologies and pharmaceuticals, new energy technology, food and fibre, transport technologies, defence, construction technologies, international education and professional services.
Strategies and initiatives
Investment attraction and assistance
As part of the Job Statement, the Victorian Government has committed to establishing a new dedicated investment attraction fund of $116 million that can be deployed at speed to attract investors and seize upon opportunities immediately. These investments will create thousands of jobs for Victorians.
Future Industry Fund
The Victorian Government has established the $200 million Future Industries Fund to support six high-growth sectors that have potential for extraordinary growth – to create jobs and attract investment in Victoria. Consultation with the business community, unions, experts and other levels of government is currently being undertaken to identify the initiatives that best support the future growth of each sector.
Additional trade and investment initiatives are discussed in the department's strategic plan.
Victorian Industry Participation Policy
The Victorian Industry Participation Policy (VIPP) requires government departments and agencies to consider competitive local suppliers, including small and medium-sized enterprises (SMEs), when awarding contracts valued at $1 million or more in regional Victoria, or $3 million or more in metropolitan Melbourne or for state-wide activities. VIPP also has a strategic project framework for projects valued at $50 million or more.
VIPP Strategic Projects have government mandated minimum local content requirements.
Victoria's Automotive Transition Plan
The Victorian Government has announced its $46.5 million Towards Future Industries: Victoria's Automotive Transition Plan, to support economic development in the areas most affected by the closure of the major car manufacturing in Victoria.
Globally connecting business
Trade Victoria provides Victorian exporters with specific services to help them increase exports. These services are aimed at helping business:
- Be 'export-ready'
- Be connected and competitive in overseas markets
- Work directly with potential buyers, clients and business partners in market.
Be 'export-ready' – Export skills program
The Export skills program provides new exporters with essential education and training to be export-ready. The Victorian Government offers this program through partnerships with various industry associations.
Be connected and competitive in overseas markets - Trade missions
Victorian businesses are supported through targeted sector-based trade missions that connect exporters with overseas buyers, clients and business partners – both in key overseas markets (outbound trade missions) and in Victoria (inbound trade missions).
These trade missions showcase Victoria's capabilities in key industries and support exporters through business meetings, networking events , site visits and trade exhibitions.
Work directly with buyers in market - Access program
Victorian exporters can also access international office facilities and business resources as well as in-country expertise and assistance through the 18 Victorian Government Business Offices worldwide.
The international offices are located in the US, Japan, South Korea, Middle East, China, Hong Kong, India and South East Asia and include staff that specialise in trade and market insights for businesses.
Investor migration and global talent attraction
The Victorian skilled and business migration program brings investment and jobs to Victoria through the attraction of investor and business migrants. The program also attracts high calibre global talent to meet Victoria's ongoing workforce needs in high priority occupations that cannot be accessed locally.
Grants, awards and scholarships
Governor of Victoria Export Awards (GOVEA)
In its 37th year, the Governor of Victoria Export Awards celebrate the innovation and hard work of exporters across a range of sectors including agribusiness, business services, creative industries, digital technologies, e-commerce, education and training, environment, health and biotechnology, manufacturing, minerals, energy and regional development.
Hamer scholarships program
The Hamer scholarships program, which focuses on language and cultural immersion, is designed to build the Asia-engagement capabilities of Victorians. The program provides scholarships for Victorians to undertake intensive language study at nominated universities or institutions in China, Indonesia, Japan and Korea.
Study Melbourne Scholarships
There are a variety of scholarships for international students in Victoria.
Victorian International Education Awards
The Victorian International Education Awards reward outstanding achievement and excellence in international education in Victoria.
Victorian Manufacturing Hall of Fame Awards
The Victorian Manufacturing Hall of Fame recognises excellence in manufacturing. There are a number of categories under which manufacturers can submit nominations including the Victorian Manufacturing Hall of Fame Honour Roll.
Divisional owners and entities
Invest Victoria is the Victorian Government's investment promotion agency, providing confidential services and professional advice to international and domestic investors looking to set up in Victoria. It is part of the Employment, Investment and Trade group within the department.
Trade Victoria helps Victorian businesses go global with access to overseas markets and connections to international businesses. The branch also provides high level market intelligence, insights and guidance to help businesses be competitive in international markets. It is also part of the Employment, Investment and Trade group within the department.
Victorian Government Business Offices
The Victorian Government has business offices in key international trade markets - including China, India, UK and Europe, the US, Indonesia, the Middle East, Japan and South Korea - to assist businesses in-market, including connecting businesses with overseas buyers and industry partners.
Development Victoria delivers property development, urban renewal and major civic projects on behalf of the government for the Victorian community.
- Precinct renewal, such as the Revitalisation of Central Dandenong, Junction Place in Wodonga, and the ongoing development of Docklands
- Civic projects, such as the State Library of Victoria, Flinders Street Station and Melbourne Park redevelopments
- Residential developments, such as Riverwalk in Werribee and CIRQ in Point Cook.
LaunchVic will accelerate startups, drive new ideas and create jobs in Victoria. It has been launched by the Victorian Government in conjunction with Victoria's startup community and the successful Melbourne-grown firm, 99designs.
The $60 million fund will be provided over four years to strengthen Victoria's entrepreneurial and startup ecosystem.