Boost Your Business Voucher Program

Boost Your Business Voucher Program

Boost your Business is a new program from the Victorian Government.

It’s worth up to $50k funding from Vic Gov on a matched 1 for 1 basis.
But applicants need to meet the requirement hurdles – Firm’s size – type of project – and show a real financial need for the support.

Roaring Success is approved to assist with improving Enhanced Manufacturing (Business Capability), within the Advanced Manufacturing Voucher, and will shortly be added to the Defence Industries Stream.

– Marketing & Branding Strategy
– Market Development Plan
– Business Process and Systems Improvements
– Business Transformation
– Financial Management Planning

Vic Gov says “Enhancing Manufacturing Capability vouchers are primarily intended for projects that will significantly transform the Applicant’s competitiveness rather than “business as usual” activities.

Preference will be given to projects where evidence is provided that the capability enhancements identified will assist the applicant to obtain a specific new business opportunity or opportunities, such as entry into a global supply chain or access to a new revenue stream.”

The table shows the types of projects which the Victorian Government deems to be supported.

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Service Activity

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Voucher Purpose

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Example of supported projects

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Marketing & Branding Strategy

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Development of brand value proposition and market positioning to differentiate the business from the competition

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• Development of a marketing strategy and implementation roadmap

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Market Development Plan

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Optimise entry to a new market or grow business activities in an existing market

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• Market research to understand industry trends, gain customer insights and identify gaps in current strategy
• Set strategic priorities to leverage market insights
• Define market expansion activities

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Business Process and Systems Improvements

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Evaluate current business process to better inform strategies to be more competitive and efficient

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• Develop business plans or strategic plans
• Evaluate the governance structure
• Project specific leadership mentoring and coaching

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Business Transformation

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Build on business competencies, market knowledge to improve or develop business models

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• Conduct a market gap analysis to identify potential opportunities against a benchmark of current performance
• Pursue opportunities

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Financial Management Planning

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Develop a financial strategy to support the business growth

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• Design a strong financial structure
• Develop a financial management strategy to promote the planned growth

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Business Leaders who are interested in taking advantage of this Voucher Program, should call us now on 03 8640 9009, to book an initial, obligation-free, meeting.