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The Department of Innovation, Industry and Regional Development (DIIRD) is responsible for economic development in Victoria. The department's offices across the State and in key cities overseas act as a liaison between industries and the Victorian Government and is often the first point of contact between the two.
In its role as key liaison between industry and the State, the department ensures that innovative practices and technologies are championed across industries and businesses; that industries have access to a range of programs, assistances and advice to foster growth and development; and that infrastructure projects in regional areas are supported and developed.
The department explores, researches and helps spread innovative technologies and practices as a way of stimulating the economy, thereby raising the living standards of all Victorians and positioning Victoria as a globally competitive State.
Recent investments have focused heavily on the automotive, biotechnology, energy and information and communication technology industries.
As part of its commitment to driving innovation in Victoria, DIIRD provides financial assistance, advice, and networking opportunities in the areas of:
The DIIRD offices and Divisions most involved in fostering innovation are:
DIIRD has a key role to play in fostering and promoting industries in Victoria. It:
DIIRD is particularly active in the areas of:
The DIIRD offices and units most actively working to promote industry are:
DIIRD, along with the State Government, has made regional and rural Victoria a high policy priority, allowing businesses and communities in regional Victoria to reach their full economic and social potential.
Key initiatives, such as the Regional Infrastructure Development Fund (RIDF), the Small Towns Development Fund, and the Community Regional Industry Skills Program (CRISP), aim to build a sturdy regional infrastructure that can attract, support, and sustain businesses and residents in regional and rural areas.
Within DIIRD, Regional Development takes lead responsibility for ensuring the development and growth of regional Victoria.