Round 4 Boost Your Business Vouchers Now Open!

Boost Your Business (BYB) is a Victorian program supporting businesses to become more productive, employ more people, improve export and profitability. Round 4 is now open.

The BYB initiative targets small to medium sized businesses (SMEs) who are on a growth trajectory and want to implement a project that meet’s the program’s criteria. ‘Vouchers’ or blocks of funding are provided that can be put towards a number of specialised services, including product development.

Cobalt is a Registered Service Provider for the BYB program under the Advanced Manufacturing Voucher Stream. Under this program, eligible projects receive matched funding to cover development activities up to a maximum of $50,000.

This means that if your business is eligible to receive a Voucher from the Victorian Government, you can put that funding towards accessing Cobalt’s 20+ years of industry expertise in product development. Using the funding Cobalt can help commercialise your product with:

  • Product design and engineering
  • Small volume production
  • Product testing, validation, prototyping and verification
  • Conduct research and development activities

In a previous round, Cobalt worked with BMPRO to design their new line of recreational vehicle (RV) power management systems and battery chargers. Securing this incentive provided a considerable boost to the project, allowing BMPRO to fast-track development and capitalise on the opportunity to expand  into the US market. Read more about the project here.

To showcase this project and BYB, Cobalt’s animation team have created an informational video below.

Applications for Round 4 of BYB close Sunday 22 December 2019. 

Naturally, as with any government program, terms, conditions and criteria apply, which you can read more about on their website here. In summary; if you’re a small business looking for product design excellence, Cobalt can help (along with a boost courtesy of the Victorian Government).

Interested? Then be quick! The fourth round of the voucher offers ends on Sunday the 22nd of Dec 2019. Get started with LaunchPad, or give us a call on (03) 9320 2230 so we can help give you the boost you need.


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