Tasmanian Innovation and Investment Fund

The  $8 million Tasmanian Innovation and Investment Fund (TIIF) is a merit-based grants program announced by the Prime Minister on 3rd of October 2011 in recognition of the broad impacts of the restructuring of the forestry sector across Tasmania.

Applications for TIIF closed in December 2011.

The TIIF has been designed to back innovative businesses and boost job numbers across Tasmania as part of the Tasmanian Forests Agreement.

In March 2012, 28 projects were announced for funding under the $8 million TIIF. These co-funded projects are worth more than $20 million (combined with grantee’s contributions), and are anticipated to deliver over 260 new jobs in established local businesses across a wide range of industries including flower production, seafood processing and tourism.

For more information on the program visit theAusIndustry website, for a list of the successful applicants visit here.

If you want to discuss potential ideas for diversifying your business or for developing a new enterprise please contact one of the Regional Economic Development Offices. To find the closest one to you visit: www.enterprisecentres.tas.gov.au