The $20 million investment will back small to large-scale creative organisations and businesses to roll out new programs, create jobs and drive innovation as the state emerges from the pandemic.
The Creative Enterprises program will provide four years of funding to creative organisations and businesses across the state with a proven "record of achievement".
Applicants will have to demonstrate how they will support the creative community and drive jobs in line with the Victorian Government's newly released $288 million Creative State 2025 strategy.
The Creative Ventures program will be open to organisations and collectives with up to 10 staff, giving newly opened creative entities a base to grow and plan over the coming two years.
Both programs include a dedicated First Peoples stream to support First Peoples-owned-and-led creative businesses and organisations as part of a wide-scale creative strategies reform.
In line with the principle of self-determination, applications will be assessed by First Peoples external industry panels.
Creatives with disabilities will also be prioritised with a stream for deaf and disabled-led creative entities, to be assessed by a panel of peers with lived experience.
Creative Industries Minister Danny Pearson acknowledged the arts sector had been "severely impacted" by COVID-19.
“Now more than ever, creative business and organisations need support so they can plan for the future, leverage more investment and generate work that connects and inspires us,” he said.
“Whether it is putting on a festival or developing a fashion line, these landmark programs will provide a boost to our creative leaders and help smaller businesses and organisations take their next step.”
The Victorian Government has provided $500 million to support the arts sector since the pandemic began, including specific funding for live events and performance.
Applications are open until September 16.
To apply, or to register for upcoming information sessions, visit creative.vic.gov.au
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